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Guangdong Prioritises Strategic Emerging Industries in New Five-Year Plan

Increasing the GDP contribution of its strategic emerging industries to 16% of the province-wide total is one of the primary aims of a new five-year plan announced by the local government in Guangdong. Billed as the 13th Five-Year Plan for the Development of the Strategic Emerging Industries, the policy document also spells out plans to increase the GDP contribution of the larger high-tech business to 30% of the total, while also ensuring that 75% of the province’s industrial technology concerns are self-sufficient by 2020.

Among the sectors targeted for priority development are the following:

  1. Next-generation information technology
  2. Biotechnology
  3. Advanced equipment and new materials
  4. Environmental protection (including low-carbon businesses)
  5. Digital innovation
  6. Strategic planning

For further details (in Chinese), please refer to the following link:

Circular of the General Office of the Guangdong Provincial People’s Government on Issuing the 13th Five-Year Plan for Development of Strategic Emerging Industries in Guangdong

Content provided by Picture: HKTDC Research
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