Guangdong Demonstrates Openness, Confidence and Responsibility as an Economic Powerhouse

March 07, 2025 04:52 AM PST | By Cision
 Guangdong Demonstrates Openness, Confidence and Responsibility as an Economic Powerhouse
Image source: Kalkine Media

GUANGZHOU, China, March 7, 2025 /PRNewswire/ -- On the afternoon of March 6, 2025, the Guangdong Delegation to the third session of the 14th National People's Congress convened a plenary meeting, drawing 267 journalists from 107 domestic and international media organizations. During the Q&A session, reporters were invited to engage with Guangdong's leadership. Provincial Party Secretary Huang Kunming, Governor Wang Weizhong, and other delegates answered their questions, offering diverse perspectives on Guangdong's latest advancements and breakthroughs in pursuing Chinese modernization, as well as its ongoing initiatives. Huang Chuping, Director of the Standing Committee of the Guangdong Provincial People's Congress, presided over the event.

A plenary meeting of the Guangdong Delegation to the Third Session of the 14th National People’s Congress takes place on the afternoon of March 6, drawing 267 journalists from 107 domestic and international media organizations.
A plenary meeting of the Guangdong Delegation to the Third Session of the 14th National People’s Congress takes place on the afternoon of March 6, drawing 267 journalists from 107 domestic and international media organizations.

A reporter from South China Morning Post inquired: "As a leading economic province and manufacturing powerhouse, what is Guangdong's strategy for building a modern industrial system, and what key priorities will guide your next steps?"

Huang Kunming responded that Guangdong will spearhead the integration of scientific and technological innovation with industrial innovation. This will involve constructing a robust and modern industrial system, enabling the province to fulfill its responsibility as a major economic engine and lead the way in advancing Chinese modernization. He emphasized that Guangdong's continuously evolving industrial system facilitates significant advancements in productivity, solidifying its position as China's top economic province and a crucial global manufacturing hub.

He noted that Guangdong has a vast and comprehensive industrial base, encompassing all 31 major manufacturing categories and housing nine industrial clusters, each exceeding 1 trillion yuan ($138 billion) in value. Furthermore, Guangdong's strength in innovation and robust infrastructure, coupled with its specialized workforce and diverse application scenarios, ensure the rapid translation of research findings and innovative concepts into superior products and services. In 2024, Guangdong's total import and export volume reached 9 trillion yuan ($1.2 trillion), further underscoring the benefits of its opening-up policy. He also highlighted the launch of the Action Plan for Attracting a Million Talents to South Guangdong, aimed at recruiting 1 million college graduates to work and start businesses within the province.

A reporter from Macao Daily News then asked, "What are Guangdong's plans and initiatives for collaborating with Hong Kong and Macao to further develop the Greater Bay Area?"

Wang Weizhong responded by highlighting the region's economic significance: despite occupying less than 1 percent of China's land and housing only 6 percent of its population, the Greater Bay Area generates one-ninth of the nation's GDP. Last year, the area's GDP reached 14.5 trillion yuan ($2 trillion), a substantial increase of 3.7 trillion yuan ($511 billion) compared to 2018, prior to the official unveiling of the development outline for the area in early 2019. He further emphasized Hengqin's crucial role as a platform for diversifying Macao's economy. From 2009 to 2024, Hengqin's GDP surged from 285 million yuan ($39 million) to 53.8 billion yuan ($7.4 billion), reflecting an impressive average annual growth rate of 27.4 percent. During the same period, the number of Macao-funded enterprises increased more than 400-fold in Hengqin. Currently, "four-new" industries (new materials, new energy, new equipment, and new medicine) account for 59.4 percent of Hengqin's industrial added value.Wang emphasized that Guangdong will support Hong Kong and Macao in deepening their integration into China's broader national development strategy.

The "Open Day" format offers delegations a valuable platform to showcase their region's economic and social progress to the world. As China's leading economic province, Guangdong naturally attracted considerable attention. By embracing transparency and demonstrating an open, confident, and responsible approach, the Guangdong delegation made a lasting positive impression on the media representatives.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Sponsored Articles


Investing Ideas

Previous Next