Guangdong fosters the manufacturing sector further and strives to build a trillion-level biomedicine and health industry cluster by 2027
Image of 广东医谷（南沙）产业孵化器 | source: Guangzhou Municipal Science and Technology Bureau
The Guangdong-Hong Kong-Macao Greater Bay Area investment policy briefing was held in Guangzhou. Qu Xiaojie, deputy director of the Department of Industry and Information Technology of Guangdong Province, promoted Guangdong Province’s manufacturing investment policies at the meeting.
As an important component of the Guangdong-Hong Kong-Macao Greater Bay Area and one of the world's important manufacturing bases, Guangdong has a solid industrial foundation and complete supporting capabilities. In 2023, the added value of Guangdong's industry and manufacturing industry reached RMB 4.87 trillion and RMB 4.44 trillion respectively, accounting for about one-eighth of the country. If Guangdong was regarded as an independent economy, the scale of Guangdong's manufacturing industry will be equivalent to the fifth in the world.
Guangdong's manufacturing industry cluster development system is being enhanced day by day, and the buildings of 20-major industrial clusters have been accelerated. Strategic pillar industries such as new generation electronic information, green petrochemicals, smart home appliances, and automobile industries are leading in the country; Emerging industries such as integrated circuits, industrial machinery, new energy vehicles, and new energy storage industries continue to grow. Meanwhile, future industries such as future electronic information, future smart equipment, future life and health, future materials, and future green and low carbon are accelerating the development and seizing new industry trends.
The comprehensive regional innovation capabilities of Guangdong have ranked first in the country for 7 consecutive years. The Guangdong Intellectual Property Comprehensive Development Index has ranked first in the country for 10 consecutive years. The number of valid invention patents and the number of PCT international patent applications have been ranked firsts for 13 consecutive years and 22 consecutive years respectively. Guangdong's industrial foundation has created a good condition for entrepreneurs to invest in Guangdong and share the dividends of development.
In terms of promoting industrial development, Guangdong has introduced a number of policies and regulations to provide a solid legal guarantee for the high-quality development of Guangdong's manufacturing industry. Recently, Guangdong has continued to introduce new and practical measures: In September 2024, the Guangdong Provincial Department of Industry and Information Technology and the Guangzhou Municipal Government issued "Measures for Supporting the High-Quality Development of Guangzhou's Smart Sensor Industry", focusing on smart sensors, optical chips, the IoTs, to support Guangzhou City in building a smart sensor industry highland in the Guangdong-Hong Kong-Macao Greater Bay Area. In October 2024, the Guangdong Provincial Government issued the "Action Plan on Further Promoting the High-Quality Development of Guangdong's Biopharmaceutical Industry", which proposed 38 key tasks and measures focusing on innovation mechanism, product promotion, industry agglomeration, and environment creation, tackling blocking points and difficulties. And currently they are studying and publishing a catalog of innovative pharmaceutical products and medical devices, planning to establish a Guangdong Biomedical Industry Investment Oriented Fund, and actively striving for and promoting the national pilot stage production of biological products.
Guangdong strives to build a trillion-level biomedicine and health industry cluster by the end of 2027. Currently, Guangdong is formulating relevant policies to promote the development of the yacht industry, which will focus on improving the quality of the yacht manufacturing, promoting breakthrough policies for yacht in GBA, improving the construction of yacht tourism infrastructure, creating new styles for yacht tourism, and improving safety supervision and management quality. Propose specific measures to promote the development of the yacht industry.
Disclaimer: This article is published by 南方财经全媒体集团 and has been excerpted and translated into English. If there is any inconsistency or ambiguity between the English version and Chinese version, the latter one shall prevail. The full text of the article, in Chinese, can be found below:
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