It is learned from the ongoing Guangdong Province two sessions that Guangdong will speed up the transformation and upgrading of the economy, strengthen the construction of people's livelihood projects, and pay attention to the balanced and coordinated development between regions.
In terms of accelerating transformation and upgrading, the construction of a modern industrial system, the cultivation and development of strategic emerging industries, and the growth of innovative enterprises have become an important part of Guangdong's “12th Five-Year Plan” period for accelerating economic development and industrial upgrading.
According to the “Twelfth Five-Year Plan (Draft) of the National Economic and Social Development of Guangdong Province”, Guangdong will invest 536 billion yuan in modern industrial construction projects in the next five years. It is important to build three bases for automobiles, petrochemicals and steel. Strategic emerging industries include high-end new electronic information, new energy vehicles, semiconductor lighting, bio-pharmaceuticals, new materials, aerospace, energy conservation and environmental protection, and ocean engineering. This year's government work report in Guangdong Province proposed that Guangdong will focus on promoting the construction of 100 strategic emerging industries this year.

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