Published in guangdong on 19 juneServicesThe enhanced energy quality programme seeks to increase the value of services by 2030 by more than rmb 11 trillion to build a modern service system。
On 19 june, the guangdong province programme for the advancement of services quality implementation was officially launched, setting clear lines for quality service development throughout the province. The paper clearly aims to achieve a high-quality and efficient modern service system with a value-added of over $11 trillion by 2030. This heavy-heavy planning means that guangdong officially opens a new phase of service upgrading and stabilizes the fundamentals for long-term economic growth。
The introduction of this programme is a necessary option for industrial transformation. Guangdong has long relied on manufacturing to lead the country and the electronics, equipment and light industries have built economic chassis. Today, some low-end industries are gradually moving out of the country, and industrial-led growth alone has become difficult. Services, as another driver of economic growth, are naturally the most important engines of growth. The scaling up of services to 11 trillion is a crucial step towards the completion of industry niches, leading to a two-wheel-drive pattern between advanced manufacturing and modern services。
The programme establishes four main lines of intellectualization, standardization, integration and internationalization, with a precise delineation of the two main development tracks. In the area of productive services, guangdong will focus on the development of modern logistics, creative research and development, cross-border finance, industrial design and a large manufacturing cluster close to the pearl triangle. In the future, factories will no longer be just head-to-head-to-head production, with upstream technological development, downstream warehousing distribution, foreign trade services, and a significant increase in value added in the industrial chain, allowing “gangdong manufacturing” to steadily upgrade to “gangdong ji-hio”。
Living services focus on people's consumption and deep internal demand potential. Comprehensive upgrading of the civil service, community home economics, new retailing and rural leisure industries. The pearl triangle is a major development in urban consumption, with its north-west coast and mountain forest resources, and is a coastal tourism, ecological well-being and agricultural electrician. Differing developments in different regions can boost population consumption while boosting regional revenue and closing the development gap between the west, west and pearl triangles。
In terms of regional division of labour, the core cities of the bay region will carry the flag of high-end services. Economy, financial services, scientific and technological research and development at the guangzhou, shenzhen and shenzhen headquarters; and support services for the foshan and toshiya deep-farming industries to protect the upgrading of the manufacturing sector. The coastal cities of kandong and xinxi depend on the advantages of ports for port logistics and trade in bulk commodities, and the mountains of zhongbei follow an ecological advantage, leading to deep rural tourism and green growth, moving out of a niche service development path. A whole-of-the-provincial game that avoids homogenizing competition and allows all parts of the country to find quasi-growth points。
Digitalization is at the heart of this service upgrading. Live broadcasters, intelligent logistics, online start-up services have emerged, and traditional shops and freight industries have completed their digital transformation. The new industry continues to absorb employment, and the pressure on the outflow of manufacturing jobs has stabilized the employment pool. At the same time, the development of cross-border trade services vis-à-vis international standards has continued to consolidate the position of guangdong foreign trade power, in line with the regional advantage of the grand bay region of port-au-prince, and the global market。
For 2030, the target of 11 trillion dollars in services is both stress and opportunity. Guangdong is no longer a mere factory, but is softer than an industrial chain. Strong modern services can reduce efficiency gains in manufacturing and sustain the dynamism of domestic demand markets, with implications for out-migration from the hedge industries。
The wave of industrial intergenerational waves is moving forward, the out-migration of industries is irreversible, and nurturing new growth poles in services is the long-term solution. As this implementation programme takes root, modern services will become a new pillar of the guangdong economy that will lead the country firmly, supporting the hong kong sar to move towards a more high-quality and steady path。
