Delegates and CPPCC members discuss steady progress of Guangdong's economy

On January 14th and 15th, the third session of 13th Guangdong Committee of the Chinese People's Political Consultative Conference (CPPCC) and the third session of the 14th Provincial People's Congress opened successively. Delegates and committee members, filled with concern for economic and social development and carrying warm expectations from the frontlines, stepped firmly into the "Two Sessions" period.

Faced with the complex international situation, Guangdong continues to break through and stabilize foreign trade, with the province's foreign trade imports and exports expected to exceed 9 trillion yuan in 2024. Beyond stability, Guangdong's outward-oriented economy still has room for advancement. Wu Junxiong, chairman of Shenzhen Sinyink Group, who had just returned from a research trip to Mexico, showed reporters a 98-page market research analysis of Mexico, a report he completed over 46 days.

"I found that most private enterprises 'going global' are 'feeling their way across the river by touching the stones'," Wu Junxiong suggested that the government establish a special team to guide enterprises in 'going global', providing services such as policy interpretation, market analysis, and legal consultation to help enterprises plan a clear path before 'going out'.

"During the initial planning phase, enterprises often lack a clear target positioning for overseas markets and fail to comprehensively and deeply analyze the macro environment, trade policies, and competitive maturity of the target markets. Due to the lack of a top-down overall strategic plan and a clear implementation path, enterprises find it difficult to accurately predict potential risks and adverse factors," said Peng Fuqiang, member of CPPCC Guangdong Committee and vice president of the Hong Kong Chamber of Commerce (Qianhai), regarding the difficulties in planning for enterprises 'going global'. He believes that various challenges often make many enterprises "dare not go" or "hesitate to go" When making decisions, thus missing market opportunities.

Peng Fuqiang suggested that the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) could select enterprises with conditions and foundations for international operations as key cultivation targets, and implement a "pilot" cultivation plan with "one policy for one enterprise", encouraging and guiding these key enterprises to establish overseas distribution and service networks, logistics distribution centers, overseas warehouses, and overseas operation centers, and to build a localized supply chain that coordinates production capacity and integrates into the overseas retail system. For local industries suitable for 'going global', support enterprises on the industrial chain to create an 'ecosystem for going out', and in conjunction with industry associations, encourage enterprises to 'go out' together.

Manufacturing is the backbone of Guangdong, and the stability of industrial production is an important foundation for the province. In 2025, how will the manufacturing powerhouse strive to "create a new Guangdong"?

This year, sun Dongmei, the chief scientist of Guangdong Yifang Pharmaceutical Co., ltd., brought forward a proposal on developing new qualitative productive forces and building a new model of "Guangdong manufacturing, hong Kong and Macao supervision". In her view, there is a certain degree of overlap and homogenization competition in the industrial layout within the GBA, and the integration of the industrial chain, supply chain, and innovation chain is insufficient, which also restricts the overall competitiveness and innovation capacity of the regional industry.

"It is suggested to optimize the industrial layout and deepen coordinated development," sun Dongmei said. Guangdong should increase the development intensity in advantageous fields such as high-end equipment manufacturing, new energy vehicles, and biomedicine, and cultivate internationally competitive industrial clusters. In addition, it should guide the formation of complementarity with financial technology, innovation research and development, and high-end service industries in the Hong Kong and Macao regions.

Wu Xueming, a standing member of CPPCC Guangdong Committee and chairman of the Guangdong-Hong Kong-Macao Greater Bay Area Youth Society, also focuses on the topic of Guangdong-Hong Kong-Macao industrial cooperation. Wu Xueming's research found that although Nansha has made many efforts to open up to the outside world with itsimportant positioning, its influence and participation in global economic and technological cooperation are still low, and there is a large growth space for the number and proportion of foreign-funded enterprises in Nansha.

"We can learn from Shenzhen's 'industrial chain ecosystem' model and Singapore's 'Star Island-Global Connection' model to build a complete industrial ecosystem around fields such as integrated circuits, new energy, and artificial intelligence," wu Xueming suggested. Nansha can establish more linkage mechanisms with Hong Kong and Macao research institutions and key science and technology parks in the mainland cities of the GBA, and set up "Guangdong-Hong Kong-Macao Joint Innovation Laboratories" to attract international research institutions and start-up enterprises to settle in.

Promoting the deep integration of the real economy and the digital economy, More regions are making efforts. Lai Linfeng, a Guangdong Provincial People's Congress delegate and chairman of Guangdong 115 Technology Co., ltd, talked about relying on Meizhou's internet industry foundation and livable environment to create a base for the integration of the digital economy and artificial intelligence industry, attracting enterprises and talents in the fields of artificial intelligence, big data, blockchain, etc., to settle down. This move will not only stimulate regional innovation vitality but also inject new momentum into achieving balanced regional development.

Source: lingnan On the Cloud

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