In the first quarter of this year, investment in both advanced and high-tech manufacturing in Guangdong increased by more than 30 percent, and industrial investment in seven of the nine cities in the Pearl River Delta increased by more than 30 percent. New projects, new industries, new racetracks… Guangdong continues to strengthen the manufacturing industry, consolidate the foundation, and seek progress while maintaining stability.

Behind the capital increase and production expansion is a rebound in confidence

At the construction site of a new project of Guangdong Fuqiang Technology Co., LTD., construction machinery rumbles and construction workers shuttle. He Zijie, head of the company, said: “We are speeding up the construction of the new plant and production line equipment arrangement, in the first half of this year to complete the construction, the second half of production.”

Fuqiang Technology is a manufacturing enterprise mainly engaged in auto parts processing, mold manufacturing and other production, as well as a supplier of Guangzhou Automobile and other automobile enterprises. He Zijie said that in recent years, the company’s market continues to expand, especially new energy vehicles related orders explosive growth.

Confidence lies behind the capital increase and production expansion. According to data from the industry and information technology department, the comprehensive capacity utilization rate of Guangdong’s industrial enterprises reached 78% in the first quarter, 1.3 percentage points higher than the same period last year. An increasing number of enterprises believe their industrial output will grow in the second quarter. Business capacity utilization and confidence are gradually picking up.

A series of new manufacturing projects have been launched, putting Guangdong’s economy on a more solid footing. In the first quarter, Guangdong’s industrial investment grew by 29.4% year on year. Industrial investment in 16 of the 21 cities registered double-digit growth, and in seven of the nine cities in the Pearl River Delta, industrial investment increased by more than 30 percent.

The person in charge of Guangzhou Municipal Development and Reform Commission told reporters that Guangzhou took multiple measures simultaneously to expand effective investment. In the first quarter, the city completed nearly 30 billion yuan of industrial investment, with a year-on-year growth of nearly 40%, among which the private investment in manufacturing increased by 36.9%.

A good state is a good state. As a major foreign trade province, Guangdong is still full of vitality in the complex and severe global economic situation. In the first quarter of this year, 20 strategic industrial clusters in Guangdong achieved revenue of 4.61 trillion yuan and added value of 1.14 trillion yuan. The strategic pillar industrial cluster made steady progress, with a revenue of 4.05 trillion yuan.

Innovation drives the development of the manufacturing industry

In January, the development phase project of the National Institute of Nanotechnology Innovation in Guangdong’s Guangdong-Hong Kong-Macao Greater Bay Area, led by Zhao Yuliang, an academician of the Chinese Academy of Sciences, was launched in Guangzhou’s Huangpu district. “We want to set a model for innovation in the global nanotechnology industry in Huangpu, Guangzhou,” Zhao said.

Nanotechnology, has a wide range of applications in materials and preparation, microelectronics and computers, aerospace and aviation. Since its establishment, the National Institute of Nanotechnology Innovation in the Guangdong-Hong Kong-Macao Greater Bay Area, which aims to build a world-class base for the transformation of nanotechnology achievements, has introduced more than 30 high-end projects, promoted the implementation and transformation of more than 10 projects, incubated more than 20 high-tech innovative enterprises, and formed a nanotechnology industry cluster and radiation effect circle.