Guangdong Province Sets Ambitious Economic Development Goals for 2021
In a series of press conferences held by the State Council Information Office on March 29, Wang Weizhong, Deputy Secretary of the Guangdong Provincial Party Committee and Governor, outlined the province’s plans for promoting high-quality development in 2021.
As a major economic province, Guangdong aims to achieve a 5% economic growth rate this year. Wang expressed confidence in reaching this target, citing the support and guidance provided by the Party Central Committee. The province is focusing on economic construction and high-quality development, with a strong emphasis on investment in technological transformation.
Last year, Guangdong saw significant growth in industrial investment and technological transformation, setting the stage for further advancements in 2021. The province has allocated funds for key construction projects and industrial initiatives, with a focus on accelerating major manufacturing projects.
In addition to its economic goals, Guangdong is also seeing a surge in business activity. The province welcomed over 330,000 new business entities in the first two months of 2021, signaling a robust market environment. Tourism in Guangdong has also been thriving, with millions of visitors flocking to the province each year.
To support enterprises, Guangdong has implemented policies to reduce logistical costs and encourage innovation. The province is aligning its policies with the central government’s initiatives on equipment upgrades and trade-ins for consumer goods. This approach aims to stimulate economic growth and create a favorable environment for businesses in Guangdong.
Overall, Guangdong is optimistic about its economic prospects for the year ahead. By seizing opportunities and implementing favorable policies, the province aims to achieve a strong start to the year and deliver excellent results throughout 2021.
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