South China”s Guangdong province pledged to construct a contemporary industrial system that leverages the province’s distinctive traits and benefits, and boasts robust competitiveness via scientific and technological innovation within the coming 5 years.
Governor Meng Fanli outlined his province’s improvement ambition for the fifteenth Five-Year Plan interval (2026-30) at a information convention within the provincial capital of Guangzhou on Tuesday. Meng mentioned constructing a contemporary industrial system have to be guided by scientific and technological innovation. He urged related cities and departments to depend on scientific and technological innovation to speed up the cultivation and improvement of recent high quality productive forces, which is able to assist drive the event of a contemporary industrial system that retains tempo with the occasions.
Meng mentioned Guangdong, China’s financial powerhouse and a worldwide innovation hub, might be ready to obtain a considerable improve in its scientific and technological innovation capability in 5 years.
“An integrated development pattern of education, science and technology, and talent will be basically established, while the province’s annual average growth of the whole society’s R&D investment will reach 5 percent, and the role of innovation-driven development will be significantly strengthened,” he mentioned.
According to the governor, Guangdong’s regional GDP might be ready to obtain a median annual development of round 5 %, with main breakthroughs made in fostering new high quality productive forces, serving and integrating into the brand new improvement paradigm, and growing a contemporary financial system within the coming five-year interval.
The province’s GDP rose from 11.37 trillion yuan ($1.67 trillion) in 2021 to 14.58 trillion yuan in 2025, rating first nationwide for 37 consecutive years.
Meng mentioned different main indicators have additionally achieved strong development through the 14th Five-Year Plan interval (2021-25). This consists of the working earnings of commercial enterprises above designated measurement reaching 19.34 trillion yuan; complete import and export quantity hitting 9.49 trillion yuan; native basic public price range income standing at 1.39 trillion yuan; and the variety of market entities in inventory exceeding 22 million.
Meng additionally highlighted how the province’s per capita disposable earnings of residents rose by 30.8 % over the previous 5 years.
“All these indicators rank first across the country,” he mentioned.
Guangdong’s regional innovation functionality has topped the nation for 9 consecutive years, and the Shenzhen-Hong Kong-Guangzhou innovation cluster has risen to the primary place worldwide, he mentioned.
Meanwhile, Guangdong’s socialist market financial system will additional be improved, with the institutional mechanisms for high-standard opening-up changing into extra strong in 5 years, Meng mentioned, including that social civility will even see notable enchancment.
“The development of a culturally strong province will be advanced to a new high level, with vitality for cultural innovation and creation, and cultural soft power together with the influence of Lingnan (South China) culture will be remarkably enhanced in the following years,” he added.
Wang Yueqin, director of the provincial division of science and know-how, mentioned Guangdong’s complete regional innovation capability retained its prime rank nationwide for 9 consecutive years largely due to its robust company innovation functionality.
The province is residence to 74,000 high-tech enterprises and 56,000 technology-based small and medium-sized enterprises within the stock, each taking the lead in China, whereas quite a lot of globally influential main sci-tech enterprises have emerged, she mentioned.
“During the 15th Five-Year Plan period, we will unswervingly consolidate the dominant role of enterprises in innovation, and allocate more innovation resources including platforms, projects, talents and funds to enterprises and better connect such resources with them,” mentioned Wang.
She mentioned her division will additional help main sci-tech enterprises to play their roles as industrial chain leaders, take the lead in forming innovation consortia, and undertake main scientific and technological breakthrough duties, whereas granting enterprises decision-making energy over the selection of technical routes.
She urged implementation of the chief scientist accountability system, immediately together with enterprise chief scientists within the provincial science and know-how skilled database, and treating impartial analysis tasks undertaken by main sci-tech enterprises as provincial science and know-how program tasks within the coming years.
“Building an open and collaborative innovation community in the Guangdong-Hong Kong-Macao Greater Bay Area represents the distinctive feature and inherent strength of constructing the GBA international science and technology innovation hub. In the following five years, we will further deepen scientific and technological innovation cooperation with the two SARs,” she mentioned.
Gong Zhenzhi, director of the Guangdong Provincial Development and Reform Commission, mentioned Guangdong will actively align with the five-year plans of Hong Kong and Macao, deepen all-around cooperation among the many three areas, and collectively construct a first-class bay space and world-class city cluster brimming with vitality and worldwide competitiveness within the coming years.