Local Chinese legislative bodies announce measures to boost growth
Provincial legislatures and political advisory bodies throughout China have recently held their local "two sessions," during which they presented their plans for the upcoming year aimed at fostering high-quality development.
TroibNews 
Provincial legislatures and political advisory bodies throughout China have recently held their local "two sessions" for the National People's Congress and the Chinese People's Political Consultative Conference. These gatherings have laid out plans for the upcoming year, focusing on the integration of technological and industrial innovation, the expansion of effective demand, and the development of new quality productive forces that cater to regional needs.
In 2024, Guangdong emerged as the first province in China to exceed a total economic output of 14 trillion yuan. Meanwhile, Jiangsu achieved a milestone as its high-tech industries contributed over 50 percent of the value added to large-scale industrial production for the first time. Additionally, Shandong's digital economy now accounts for more than 49 percent of its GDP.
As 2025 approaches—the final year of China's 14th Five-Year Plan—major economic provinces have set their growth targets around five percent. Guangdong aims for approximately five percent, Henan targets around 5.5 percent, while Shandong and Jiangsu both set their sights on rates of 5 percent or higher, and Sichuan aspires for a growth rate exceeding 5.5 percent.
In particular, the Guangxi Zhuang Autonomous Region has unveiled plans to enact measures aimed at the high-quality development of key manufacturing industry chains and to accelerate the growth of industrial parks, all while fostering new forms of digital productivity. The region intends to leverage digital technologies actively to transform and upgrade traditional industries.
Moreover, Guangdong is concentrating on aiding over 10,000 industrial firms in their technological upgrades and digital transformation efforts. It also aims to support 5,500 enterprises in scaling up and encourages the growth of more top-tier companies. Meanwhile, Beijing is advocating for a growth mechanism to enhance investment, targeting the establishment of 20 future industries, including humanoid robotics, commercial aerospace, biomanufacturing, new materials, and future energy sectors.
Sophie Wagner for TROIB News
In 2024, Guangdong emerged as the first province in China to exceed a total economic output of 14 trillion yuan. Meanwhile, Jiangsu achieved a milestone as its high-tech industries contributed over 50 percent of the value added to large-scale industrial production for the first time. Additionally, Shandong's digital economy now accounts for more than 49 percent of its GDP.
As 2025 approaches—the final year of China's 14th Five-Year Plan—major economic provinces have set their growth targets around five percent. Guangdong aims for approximately five percent, Henan targets around 5.5 percent, while Shandong and Jiangsu both set their sights on rates of 5 percent or higher, and Sichuan aspires for a growth rate exceeding 5.5 percent.
In particular, the Guangxi Zhuang Autonomous Region has unveiled plans to enact measures aimed at the high-quality development of key manufacturing industry chains and to accelerate the growth of industrial parks, all while fostering new forms of digital productivity. The region intends to leverage digital technologies actively to transform and upgrade traditional industries.
Moreover, Guangdong is concentrating on aiding over 10,000 industrial firms in their technological upgrades and digital transformation efforts. It also aims to support 5,500 enterprises in scaling up and encourages the growth of more top-tier companies. Meanwhile, Beijing is advocating for a growth mechanism to enhance investment, targeting the establishment of 20 future industries, including humanoid robotics, commercial aerospace, biomanufacturing, new materials, and future energy sectors.
Sophie Wagner for TROIB News
