Recently, the world economic forum announced that 13 new factories have joined its global lighthouse network, including two factories from Midea Group. Through the use of advanced technology to improve operational performance, enhance environmental sustainability and seize the high-end of the value chain, this is an example of Guangdong's efforts to release economic vitality from the supply side in recent years. Over the past five years, with the supply side structural reform as the main line, Guangdong has focused on solving long-term structural problems, continued to promote the further optimization of the economic structure, stabilized and rebounded the proportion of the added value of the secondary industry in the province's economy, more than half of the contribution of the service industry to economic growth, and accelerated the filling of infrastructure and scientific and technological innovation weaknesses. By optimizing the allocation of factors, economic efficiency and supply quality have been continuously improved. Efficiency improvement?? Accelerate the gathering of factor resources to medium and high-end At the site of key urban renewal projects in Xinqiao east area, Bao'an District, Shenzhen, tower cranes are everywhere and machinery is roaring. Here, it is changing from messy old industry to "industrial upstairs"; At the construction site of Zhengwei Shaoguan new material science and technology demonstration city project, phase I has been put into operation, and the phase II project with an annual output of 20000 tons of high-end (high-performance) electrolytic copper foil and other products has also started construction. Over the past five years, Guangdong has given full play to its own advantages, optimized and adjusted its industrial layout, and continuously improved its economic operation efficiency and growth quality. The pace of industrial transformation and upgrading has not stopped. By 2021, Guangdong has promoted the digital transformation of more than 20000 Industrial Enterprises above designated size. In the first quarter of this year, the province's investment in industrial technological transformation increased by 22.3% year-on-year, accounting for 34.0% of industrial investment. The results of cost reduction and efficiency increase continued to show. During the 13th Five Year Plan period, the total labor productivity of the manufacturing industry above Designated Size in the province increased from 189000 yuan / person to 239000 yuan / person, with a cumulative increase of about 26%. Over the past five years, Guangdong's capital, technology, talents and other factors have accelerated to gather in the middle and high-end industries, promoting the further optimization of the economic structure. From the perspective of the three major industries, the added value of the secondary industry in 2021 was 5021.919 billion yuan, with a year-on-year increase of 8.7%, accounting for a steady recovery in the province's economy. The added value of the tertiary industry was 6914.682 billion yuan, with a year-on-year increase of 7.5%, contributing more than half to economic growth; From the perspective of industrial composition, in the first quarter of this year, the added value of high-tech manufacturing increased by 5.5%, accounting for 28.6% of the added value of industries above Designated Size in the province. Over the past five years, Guangdong has comprehensively improved the quality of products and services to better meet the escalating consumer demand. During the 13th Five Year Plan period, two manufacturing enterprises in Guangdong won the China Quality Award and 10 enterprises won the nomination award of the China Quality Award. 73 measurement standard devices and 88 kinds of reference materials have been newly developed, and 25 national and provincial industrial measurement and testing centers have been approved for construction, ranking first in the country, gradually changing from "standard production" to "production standard". Power support?? Consumption reduction and tax reduction to strengthen the foundation and promote economic transformation Behind the improvement of supply quality is the introduction of a number of heavy documents and the introduction of a number of hard and practical measures to help supply side structural reform. By eliminating inefficient and ineffective supply and improving the supply structure, Guangdong will accelerate energy conservation and emission reduction and realize green and low-carbon circular development. The implementation opinions on accelerating the establishment and improvement of a green low-carbon circular development economic system issued by Guangdong in December last year put forward that by 2025, the industrial structure, energy structure, transportation structure and land use structure will be more optimized, the green industry will continue to develop and grow, and the energy utilization efficiency will be greatly improved. Through the practical introduction of preferential policies for enterprises, precise drip irrigation and water aquaculture, Guangdong has continued to reduce the burden of enterprises and reduce production and operation costs. In recent years, Guangdong has formulated and issued a series of policies and measures, including "ten articles on the real economy", "ten articles on the real economy (Revised)", "ten articles on the private economy", "nine articles on promoting employment" and "Nineteen articles on the manufacturing industry", to warm up and help enterprises and promote the development of the real economy. Large scale and vigorous tax cuts and fee reductions have helped enterprises solve difficulties. In response to the impact of the epidemic, tax cuts and fee reductions for various market entities reached 300 billion yuan in 2020. In 2021, ten measures were formulated to reduce the burden on enterprises, and more than 140 billion yuan of new tax cuts and fee reductions were added. While reducing the tax burden and policy assistance, Guangdong also guided the financial flowing water to add impetus to the transformation and development of the real economy. Among them, in 2021, the balance of manufacturing loans in the province increased by 15.4%, the balance of Pratt & Whitney small and micro loans increased by 32.7%, and the underwriting scale of policy export credit insurance exceeded US $100 billion. With an eye to the overall situation and a long-term plan, Guangdong will appropriately advance the layout of infrastructure work and speed up the completion of infrastructure weaknesses. In July 2017, Guangdong announced the implementation plan for promoting the supply side structural reform of infrastructure. Among the ten major projects, there are not only roads, railways, airports, ports and shipping in the traditional understanding, but also energy, water conservancy, urban construction and environmental protection aimed at future development, as well as information, science and technology infrastructure. Over the past five years, the quality and efficiency of transportation and communication facilities in Guangdong have improved significantly. Among them, the mileage of expressways increased from 8338 kilometers at the end of 2017 to 11042 kilometers at the end of 2021, the proportion of high-speed railways in the total railway passenger volume increased from 62.7% to 84.7%, and the number of (fixed) Internet broadband users increased from 32.468 million to 42.78 million. Over the past five years, the modern energy system has been further improved. During the 13th Five Year Plan period, a diversified clean energy supply system was basically formed, the level of energy scientific and technological innovation and utilization efficiency were significantly improved, offshore wind power achieved leapfrog development, built the country's largest provincial power grid, and formed a main natural gas pipeline network connecting 21 prefectures and cities in the Province. In view of the shortcomings of industry and innovation, Guangdong launched a new round of three-year action plan for industrial technological transformation, focused on the "neck" problem, organized and implemented four batches of R & D plan projects in nine key areas, issued and deployed the "six projects" for high-quality development of manufacturing industry, and promoted the strong improvement of industrial efficiency in Guangdong. In 2021, Guangdong's industries above Designated Size achieved a total profit of 1092.755 billion yuan, breaking the trillion yuan mark for the first time, with a cumulative increase of 21.6% compared with 898.597 billion yuan in 2017. Burst of vitality?? Responding to the epidemic and actively promoting innovation The optimization of economic structure and the reduction of tax burden have made enterprises more calm in dealing with the impact of the epidemic. Under the epidemic situation, the biomedical industry grew against the trend. At the end of last year, Shenzhen Huaxian Pharmaceutical Technology Co., Ltd. approved an innovative process route for the development of novel coronavirus therapeutic drugs of Pfizer. Yeweiping, chairman and CEO of the company, said that it is expected to achieve a technological breakthrough in the second half of this year, and is expected to significantly reduce the manufacturing cost of the drug in China. Seizing the opportunity of the prefabricated vegetable industry, many Guangdong enterprises timely launched innovative products. "It's the mature season for bullfrogs, and it's also our busy season." After entering the field of bullfrog prefabricated dishes in 2020, Shantou Guanhai Aquatic Technology Co., Ltd. has grown into a leading enterprise in this segment. Looking forward to the future, Guangdong will continue to deepen the supply side structural reform, strive to break through the blocking point of supply constraints, and focus on opening up all links of production, distribution, circulation and consumption. Taking the supply side structural reform as the main line, Guangdong aims at the latest trend of global industrial development in the future, plans the layout, and constantly adds new momentum to high-quality development. The supply capacity of emerging and medium and high-end industrial products has been continuously enhanced. According to the data of the Provincial Bureau of statistics, the output of industrial robots in the province increased from 32100 sets in 2018 to 124400 sets in 2021; The output of integrated circuits increased from 26.288 billion in 2017 to 53.939 billion in 2021. The construction of major innovation platforms was accelerated. Dawan District National Technology Innovation Center, national new display technology innovation center, national third generation semiconductor technology innovation center and national 5g medium and high frequency device innovation center were approved for construction, and breakthroughs were made in provincial R & D plans and major basic research projects in key areas. (Xinhua News Agency)