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Maoming to build a modern coastal city with strong industries

Updated: 2021-09-18

The city of Maoming will be built into a modern coastal city with strong industrial strengths and become a new growth pole of the modern coastal economic belt in Guangdong province.

The goal was set up in the city's 14th Five-Year Plan (2021-25) for its economic and social development and as an outline for the 2035 long-range goals.

The annual growth of GDP will be around 5 percent from 2021 to 2025, and the city's GDP will reach nearly 440 billion yuan ($68.24 billion) by the end of 2025.

The added value of advanced manufacturing will account for 78 percent of the added value of industries above designated size by 2025 while that of the modern service industry will make up around 50 percent of the added value of the service sector.

Half of the enterprises above designated size in the city will set up their own R&D institutions by the end of 2025, and the number of technology innovation platforms at or above the provincial level shall reach 130.

The number of invention patents per 10,000 people will increase by 10 percent annually, rising from 1.14 in 2020 to 1.84 in 2025. The registered urban unemployment rate shall be kept under 3.5 percent during the five years.

The city's comprehensive energy production capacity will increase from 823,900 metric tons of standard coal in 2020 to 1.01 million tons of standard coal in 2025.

Six competitive industries like the green chemical and hydrogen energy industry and the modern agricultural industry will be mainly developed from 2021 to 2025 while the strategic emerging industries such as chemical new materials and digital economy will be cultivated.

Maoming will cultivate and develop its marine economy, expand its marine equipment manufacturing industry, and innovatively boost its modern marine fishery industry.

It will build an important industrial science and technology innovation center in western Guangdong, and become an influential sci-tech innovation center in the province.