Guangdong Showcases Openness, Confidence, and Leadership in Economic Modernization

GUANGZHOU, China--(BUSINESS WIRE)--On March 6, 2025, the Guangdong Delegation to the third session of the 14th National People’s Congress held a plenary meeting, attracting 267 journalists from 107 domestic and international media outlets. Led by Provincial Party Secretary Huang Kunming and Governor Wang Weizhong, the delegation addressed key questions on Guangdong’s role in advancing Chinese modernization and economic development.

Guangdong’s Industrial Strategy and Innovation Leadership

When asked about Guangdong’s approach to building a modern industrial system, Huang Kunming emphasized the province’s commitment to integrating technological innovation with industrial advancement. Guangdong boasts a comprehensive industrial base covering all 31 major manufacturing sectors, with nine trillion-yuan-level industrial clusters.

Innovation and infrastructure remain key drivers, ensuring rapid commercialization of research and development. In 2024, Guangdong’s trade volume reached 9 trillion yuan ($1.2 trillion), reinforcing its global economic position. To strengthen its talent pool, the province launched the Action Plan for Attracting a Million Talents to South Guangdong, aiming to recruit one million college graduates for employment and entrepreneurship opportunities.

Deepening Integration in the Greater Bay Area

Addressing collaboration with Hong Kong and Macao, Wang Weizhong highlighted the Greater Bay Area's economic significance. Despite covering less than 1% of China’s land and housing only 6% of its population, the region contributes one-ninth of the national GDP. In 2024, the Greater Bay Area’s GDP reached 14.5 trillion yuan ($2 trillion), marking a 3.7 trillion yuan ($511 billion) increase since 2018.

Hengqin continues to be a pivotal platform for Macao’s economic diversification. From 2009 to 2024, its GDP soared from 285 million yuan ($39 million) to 53.8 billion yuan ($7.4 billion), with Macao-funded enterprises increasing more than 400-fold. Today, high-tech industries—including new materials, new energy, advanced equipment, and biomedicine—comprise 59.4% of Hengqin’s industrial output.

Guangdong’s Commitment to Openness and Global Engagement

The "Open Day" format provided a transparent platform for Guangdong to showcase its economic progress and global partnerships. As China’s top economic province, Guangdong reaffirmed its leadership by embracing innovation, openness, and sustainable growth, reinforcing its pivotal role in national and global development.

Source: Guangdong Province