Guangdong emphasis people’s wellbeing in new five-year plan
2011-May-26 Source: Newsgd.com
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Guangdong officials are looking to transform the province from a high performing economic powerhouse to a pioneer in caring for people’s livelihoods.

Guangdong has made "Accelerate the transformation and upgrade, build a Happy Guangdong” its priority in the next five year plan, said Guangdong Party Secretary Wang Yang who believes that economic development is just a step towards the final goal of making people happier.

Guangdong province has lowered its expectation of annual GDP growth rate to 8 percent, according to its newly issued 12th Five-Year (2011-1015) Plan. The target is lower than those set by many other provinces as well as Guangdong’s targeted growth rate for the previous five year plan.

The temporary slowdown is aimed at better and faster growth in the future, said Wang who added that the province will come back as the nation’s top GDP performer as long as it can manage to change its growth model.

“After more than three decades of rapid economic growth, the top priority for Guangdong is to restructure the economy and move up the value chain,” said Governor Hang Huahua.

According to the province’s 12th Five Year Plan, Guangdong is going to quadruple its per capita GDP of 2000 in 2015, continue to upgrade its economic growth mode, enhance social soft power, ensure the people’s wellbeing and improve scientific development.

Guangdong aims to achieve its target by boosting domestic demand, improving its innovation and workforce development and initiating green development. Efforts will be concentrated in the areas of accelerating economic restructuring, enhancing innovation capacity, coordinating urban and rural development, improving social mechanisms and excavating cultural soft power.

Targets in Guangdong's 12th Five Year Plan

• Stable economic development: GDP increase no less than eight percent annually, to reach 6.7 trillion RMB in 2015. Per capita GDP will rise to 66,000 RMB in 2015, with an annually increase of seven percent.

• Industrial comprehensive quality and competitiveness will be greatly improved. The proportion of tertiary industries will be raised to 48 percent in the provincial economy and the main structure of modern industry system will be completed.

• The development of science and technology will contribute more to economic growth. Guangdong will lead the country in innovation capacity and carve out a new development mode driven by innovation. Expenditures on research and development will take up 2.3 percent of GDP.

• The province will coordinate regional development with areas in the east, west and north and achieve Pearl River Delta region integration.

• Guangdong’s residential income will keep pace with the development of GDP and payment will keep pace with the productivity of labor. Per capita disposable income of urban residents and rural residents will increase 8.0 percent annually.

• Overall development in education, culture, sanitation and sports will help build a more secure province-wide social security system and complete the public culture service system. Senior middle school education enrollment rates will reach 90 percent, nine-year free compulsory education rates will increase to 93 percent and the average life expectancy will reach 76.5 years.

• Energy consumption of per unit of GDP and CO2 emissions per unit of GDP will be reduced by 16 percent and 17 percent respectively. The release of major pollutants should be reduced by 8 percent to 10 percent; cultivated land stock will be 2.91 million hectares; and forest coverage will increase to 58 percent.

• The province will strengthen cooperation with Hong Kong and Macao, transfer its foreign trade development mode, optimize its investment environment, and enhance its international competition ability.

(By Ouyang Yan)

Editor: Olivia
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