Guangdong unveils strategic emerging industries blue print
2012-May-9 Source: Newsgd.com
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By 2015, Guangdong will invest a total of 388.59 billion RMB into 148 strategic industries projects, with 22 billion RMB from the provincial fiscal budget, according to a March 12 provincial report entitled "Guangdong Strategic Emerging Industries' Development Plan in 12th Five Year Plan Period".

The eight strategic emerging industries of the province are high-end emerging electronics and IT, new energy vehicles, LED, the biology industry, high-end equipment manufacturing, energy saving and environmental protection, new energy and new materials. These industries saw an output of 1.1 trillion RMB in 2010 in Guangdong, with a value added of 280 billion RMB.

According to the document, by 2015, these eight strategic emerging industries are expected to yield 2.5 trillion RMB and three to five new industrial clusters will be developed with complete industrial chains and an output worth more than 100 billion RMB.

Two industrial clusters include Guangzhou-Foshan and Shenzhen-Hong Kong. Dongguan and Foshan will be supporting cities for these two clusters. The two clusters are expected to absorb innovation resource from home and abroad and lead the province in the eight industries’ research and development.

Fiscal Input of the Province

The province will inject 22 billion RMB into these eight industries before 2015. The funds will go towards innovation and research and development, platform construction, key projects, and intelligent property. Besides increasing input itself, the provincial government will also encourage municipal governments to set up fiscal funds for these industries and will apply for national funding and implement the central government's policies related to strategic emerging industries.

The province will set up a risk investment fund of strategic emerging industries and encourage financial institutions to set up corporate financing projects.

High-end Emerging Electronics & IT Industry

High-end emerging electronics and IT Industry projects include two LCD display manufacturing clusters in the Pearl River Delta east bank (Shenzhen and Huizhou) and the Pearl River Delta west bank (Guangzhou and Foshan). OLED display bases will be built in Guangzhou, Foshan, Dongguan and Shanwei. Emerging display products, such as electronic paper, will be developed in Guangzhou, Shenzhen and Shanwei. Pearl River Delta will accelerate its wi-fi service coverage.

Cloud computing will be developed in Guangzhou, Shenzhen, Dongguan, Foshan, Zhuhai and Huizhou. The integration of communication networks, TV networks and the internet will be accelerated in Pearl River Delta as well as Yunfu and other cities that have made proper preparations. Guangzhou and Nanhai in Foshan will develop the GPS industry.

The software and integrated circuit industries in Guangzhou, Shenzhen and Zhuhai will continue expansion. Zhaoqing and east Guangdong will develop emerging electronic parts manufacturing. Shantou will develop an industrial base to receive electronics and circuit production projects transferred from the Pearl River Delta and Taiwan.

New Energy Vehicle Industry

Shenzhen will develop a leading electrics vehicle research and development and manufacturing base. Guangzhou, Zhuhai, Foshan, Zhongshan and Meizhou will develop a new energy vehicle base. Upstream parts manufacturing projects will be developed. Shenzhen, Zhuhai, Huizhou and Dongguan will develop Li battery industries and Zhongshan will develop engine manufacturing. Shenzhen, Dongguan, Huizhou, Guangzhou and Foshan will develop vehicle electric parts projects. Jiangmen, Zhaoqing and other cities will be encouraged to take advantage of local manufacturing to develop new energy vehicle related projects.

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Editor: Miranda
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