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Guangdong's industrial output estimated to exceed RMB 20 trillion in 2024

Guangdong's industrial output is projected to surpass RMB 20 trillion for the full year of 2024, with revenues of industrial enterprises above a designated size exceeding RMB 19 trillion and software business revenues topping RMB 2 trillion, all marking new trillion-yuan milestones.

These figures were released at a provincial conference on industry and information technology held in Guangdong on January 20, 2025.

Furthermore, the added value of industrial enterprises above a designated size is estimated to grow by 4.2% in 2024, and industrial investment by 6.7%. The contribution of the industrial sector to the province's GDP growth exceeded 50%.

The province's automobile production exceeded 5.7 million vehicles, ranking first nationwide for eight consecutive years. Among them, new energy vehicle production reached 3.61 million units, up 43%.

Guangdong has also been the first in the country to introduce measures to empower various industries with artificial intelligence. Thus far, the province has released a total of 63 AI large models. The output of industrial robots exceeded 240,000 sets, up 31.2%, accounting for 44% of the national total and ranking first for five consecutive years.

The province's industrial technological transformation investment grew by 11.5%, maintaining double-digit growth for 24 consecutive months. Industrial equipment upgrade investment increased by 17.9%, marking the highest growth rate in nine years.

In 2025, Guangdong will intensify efforts to promote project construction, aiming to complete investments of RMB 170 billion in key manufacturing projects throughout the province.

Guangdong will accelerate the development of embodied robotics, particularly robots for elderly care services. Additionally, the province aims to foster a trillion-yuan-level biopharmaceutical industry cluster within three years.

Guangdong will also prioritize the low-altitude economy as a key industry, promoting the integrated development of manufacturing, application, and service aspects of the low-altitude economy and accelerating the iterative upgrading of low-altitude equipment.

The province will also drive the establishment of an investment growth mechanism for future industries, proactively deploying emerging fields such as biomanufacturing, quantum technology, embodied intelligence, and 6G.

Reporter | Chen Jinxia

Editor | Hu Nan, James, Shen He

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