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Guangdong's high-quality development achievements over past three years

Over the past three years, Guangdong has implemented its high-quality development strategy, achieving significant progress in industrial transformation, high-tech innovation, rural revitalization, and global competitiveness, backed by robust policy frameworks and targeted investments.

The province has focused on revitalizing traditional manufacturing sectors, witnessing a consistent uptick in the share of advanced manufacturing in industrial value-added, which increased from 55% in 2022 to 56.7% by 2024.

Investments in advanced manufacturing have experienced double-digit growth each year for the past three years, reflecting a shift toward automation and smart factories. Modernized production lines, robotics, and AI-driven systems have now dominated Guangdong's industrial landscape. 

Guangdong's R&D expenditure climbed from RMB 440 billion in 2022 to RMB 510 billion in 2024, fostering breakthroughs in high-tech sectors. The number of certified high-tech enterprises expanded to 77,000 by 2024, while new energy vehicle (NEV) production reached 3.618 million units in 2024. Innovations in AI, green energy, and biotechnology continue to drive the province's industrial diversification.  

Under the High-quality Development Project for Guangdong's Counties, Towns and Villages, agricultural production has shown a consistent increase, culminating in a gross output value of RMB 0.97 trillion for agriculture, forestry, livestock farming, and fisheries in 2024. 

Rural per capita disposable income rose to RMB 26,729 by 2024, narrowing the urban-rural income gap from 2.46 in 2022 to 2.31 in 2024. Modern agricultural parks and e-commerce platforms have empowered rural communities, fostering balanced regional development.  

The financial sector has experienced sustained growth over the past three years. Retail sales of consumer goods reached RMB 4.79 trillion in 2024, signaling robust domestic demand.

Guangdong's import and export volume amounted to RMB 9.11 trillion in 2024, representing an increase of 9.8% compared to the previous year. It accounted for 20.08% of China's total in 2024, with newly established foreign-invested enterprises reaching 26,000 in 2024.

In 2024, Guangdong's exports of electromechanical products reached RMB 3.87 trillion, marking an 8.8% growth and comprising 65.6% of the total export value. Notably, exports of electric vehicles and drones saw significant increases, surging by 41.4% and 20.1% respectively. 

Reporter | Chen Jinxia, Ma Liya (intern)

Poster | Cai Junru

Editor | Hu Nan, James, Shen He

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