Guangdong's Defense and Progress: Manufacturing Industry Climbs Again

2023-07-17

Grasping projects, attracting investment, and seizing orders... Currently, there is a fierce competition around the manufacturing industry in various parts of the country. Protecting advanced manufacturing industries like protecting farmland is becoming a consensus and action in more and more places. Not long ago, the CPC Guangdong Provincial Committee and the Guangdong Provincial People's Government issued the Opinions on Building a Strong Manufacturing Province with High Quality, proposing that by 2027, the added value of the manufacturing industry will account for more than 35% of Gross regional product. Shanghai also proposes to achieve a proportion of industrial added value of over 25% by 2025, while Nanjing proposes to stabilize the proportion of manufacturing industry at over 30% by 2025. Looking across the country, a series of new trends have attracted attention. All regions have set goals and clarified the bottom line, launched a "defense war" in the manufacturing industry, and also launched a new round of real economy racing. A noteworthy detail is that as a pioneer region, Guangdong, although its industrialization level has already been at the forefront of the country, has not lowered the expected target of manufacturing industry proportion, but has also increased - two years ago, Guangdong made it clear that the manufacturing industry proportion will remain above 30% by 2025, and this time emphasized that the proportion will reach over 35% by 2027. Hold onto the bottom line of the manufacturing industry and advance towards a new peak. In the Dialectic of "keeping" and "advancing", Guangdong has constantly consolidated and upgraded the top ten strategic pillar industries, cultivated and expanded the top ten strategic emerging industries, and accelerated the high-quality development of manufacturing industry. Especially in the Pearl River Delta, which accounts for over 80% of the province's industrial scale, efforts are being made to cultivate and expand trillions of industrial clusters, striving to be the "manufacturing responsibility" of Guangdong and even the whole country, and accelerating the construction of a world-class advanced manufacturing base. At the forefront, the proportion of Guangdong's manufacturing industry is higher than the national average. In the current "competition" for manufacturing resources, various parts of the country are rubbing their hands and striving to reach the top. As the largest province in China's economy, Guangdong is at the forefront. In Pearl River Delta cities such as Guangzhou, Shenzhen, Foshan, and Huizhou, billions of industrial projects have successively settled and started construction. Guangdong has clearly stated that by 2027, the manufacturing industry will account for over 35%. As early as 2021, the 14th Five Year Plan for the High Quality Development of Guangdong's Manufacturing Industry proposed that by 2025, the added value of manufacturing industry should account for more than 30% of Gross regional product. Why does Guangdong place higher demands on itself? In the opinion of Cheng Nan, the director of the Planning and Research Institute of CCID Research Institute, this is Guangdong's recognition of the importance and necessity of the manufacturing industry, and the realization that only high-quality manufacturing development can bring high-quality productive service industry development. The increase from 30% to 35% is a vivid footnote to Guangdong's emphasis on manufacturing leadership and placing the real economy in the "C" position, with self pressure and upward movement of goals. There are at least three considerations for Guangdong's overweight manufacturing industry. ——From global experience, countries such as the United Kingdom, the United States, Germany, and Japan have relied on strong manufacturing support on their path to becoming powerful countries in the past. In recent years, developed countries in Europe and the United States have also shifted from "Deindustrialization" to "reindustrialization", actively promoting the return of manufacturing industry. The experience of other regions also shows that if the manufacturing industry is stable, then the economy is stable. However, those developing countries that fall into the "Middle income trap" are usually represented by the decline in the proportion of manufacturing and the "hollowing out" of industries. The so-called 'no work, no wealth' and 'no work, no modernization' must be strengthened

Edit:XiaoWanNing    Responsible editor:YingLing

Source:Southern daily

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