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Greater Bay Area

Foshan's total industrial output value exceeded 3 trillion yuan, making it the second prefecture level city in China and the first in Guangdong to achieve an industrial output value of 3 trillion yuan

2024-01-05   

On January 4th, the 7th Plenary Session of the 13th Foshan Municipal Party Committee and the Economic Work Conference of the Municipal Party Committee announced an exciting news: the total output value of Foshan's large-scale industry will exceed 3 trillion yuan in 2023. Foshan has officially become the second prefecture level city in China and the first in Guangdong to achieve an industrial output of 3 trillion yuan. "Industry 3 trillion yuan" is an important indicator to measure the development level of manufacturing cities both domestically and internationally, reflecting the level of industry and the competitiveness of cities. As of the end of 2022, only Shenzhen, Suzhou, and Shanghai in China have a total industrial output value exceeding 3 trillion yuan, with Suzhou being the only prefecture level city. With the successful breakthrough of Foshan, this top-level formation has added another "fierce general". After the provincial party committee proposed to highlight the leadership of the manufacturing industry, Foshan vigorously supported the real economy and achieved a critical leap, ultimately breaking through this "ceiling". Why can Foshan's manufacturing industry compete? Why stand out? As the only comprehensive reform pilot for the transformation and upgrading of the manufacturing industry in China, Foshan has been deeply promoting new industrialization and accelerating the development of new quality productive forces in recent years. On the one hand, it is restructuring old industries and promoting the upgrading of traditional industries through "digital transformation and intelligent transformation"; On the one hand, we will race on new tracks and develop and strengthen emerging industries through a combination of recruitment and education. In the past three years, Foshan has attracted more than 1 trillion yuan in investment, with a large number of projects worth 5 billion and 10 billion yuan taking the lead. The Guangdong Ningde Bangpu Integrated New Materials Industry Project, with a total investment of 23.8 billion yuan, settled in Sanshui District, Foshan City last year. Currently, the project has entered the construction phase. Li Changdong, Chairman of Guangdong Bangpu Recycling Technology Co., Ltd., said that adhering to the leadership of the manufacturing industry is not just a slogan, but a firm determination and practical action towards the development of the real economy, which gives enterprises more confidence in development. Lin Jiang, a professor at the Department of Economics at Lingnan College, Sun Yat sen University, believes that the total output value of large-scale industries exceeds 3 trillion yuan, which is a height that only a few cities can reach. Although Foshan is a prefecture level city, by adhering to the real economy and working hard for a long time, it has ultimately achieved the goal of "3 trillion yuan in industry", which has reference and reference significance for Guangdong and even the whole country. Equally significant is that with the total industrial output value of Foshan's large-scale industry exceeding 3 trillion yuan, the Guangdong Hong Kong Macao Greater Bay Area has officially formed a tiered development pattern of industrial scale from 4 trillion yuan (Shenzhen) and 3 trillion yuan (Foshan) to 2 trillion yuan (Dongguan and Guangzhou) and 1 trillion yuan (Huizhou), and the comprehensive competitiveness of the manufacturing industry will be stronger. Recently, the China Academy of Information and Communications Technology, a subsidiary of the Ministry of Industry and Information Technology, released the list of China's Top 100 Industrial Zones in 2023, with 21 districts in the Pearl River Delta selected. Among them, all five districts in Foshan are listed, becoming the only city in Guangdong that has all districts listed in the Top 100 Industrial Zones. In the view of Lu Qian, associate professor at the School of Economics at Central University of Finance and Economics, the Guangdong Hong Kong Macao Greater Bay Area has complete industrial supporting facilities and high agglomeration, greatly improving production efficiency. It not only plays an important role nationwide, but also reduces the production cost of global industrial products. (Lai Xin She)

Edit:Hu Sen Ming Responsible editor:Li Xi

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