2014 is regarded as the crucial period for Guangdong to implement its industrial upgrading and transformation. As the first step of transformation, shifting the investment structure is significant for Guangdong in the past year.
Hu Chunhua, the Party Secretary of Guangdong stressed that industrial transformation and upgrading should be promoted vigorously in this coastal province during the annual meeting of Guangdong’s Party Committee in January, 2014.
In Hu’s speech, advanced industry is set to be the direction of industrial transformation, which also guided the shift of investment structure in Guangdong in 2014. Modern services thus became the star of Guangdong’s economic achievements.
It is reported that 60 percent of investment in Guangdong is invested to services. The investment growth rate of rising services industry can reach 50 percent in 2014.
The following pictures showcase the shift of investment structure in Guangdong during Jan-Nov. in 2014.