XPENG(US:XPEV) 2 1 Shi Ji Jing Ji Bao Dao·2025-05-29 12:57Core Viewpoint - The county economy in Guangdong is a fundamental unit of the national economy, and the county industry is a crucial force driving regional economic development, particularly in the context of the "Hundred Counties, Thousand Towns, and Ten Thousand Villages" initiative aimed at high-quality development [1] Economic Growth and Development Initiatives - Since the implementation of the "Hundred Thousand Project," the county economy in Guangdong has shown a positive development trend, with 57 counties (cities) expected to have an economic growth rate faster than the provincial average in 2024 [1] - The 2025 Provincial Rural Work Conference emphasized the need to strengthen and diversify the county modern industrial system, focusing on cluster development to enhance economic strength [1][2] - The "Hundred Thousand Project" is set to achieve initial results by 2025, with a focus on revitalizing county economies through specific action plans [1] Industry and Resource Utilization - Guangdong's counties have diverse resource endowments, and the approach to strengthening the county economy emphasizes localized strategies, integrating industry, city, and innovation to activate development dynamics [2] - The rise of characteristic industrial clusters is evident, with towns like Dongguan's Chang'an producing 1/8 of the world's smartphones and developing new emerging industries [3] County Economic Performance - The vitality of the county economy is increasing, with 122 counties (cities, districts) expanding their main industry layouts, leading to a rise in comprehensive strength [4] - For instance, Yangxi County has developed a "1+3+X" characteristic industrial cluster, achieving a GDP growth of 10% and a significant increase in fixed asset investment [4] Emerging Economic Trends - The number of "billion-dollar counties" in China has increased from 9 to 59 from 2013 to 2023, indicating a shift towards a "billion" era in county economies [5] - Bo Luo County is projected to be the first county in Guangdong to surpass the billion-dollar GDP mark, driven by its focus on electronic information and intelligent equipment manufacturing [6] Industrial Clusters and Innovations - Zhaoqing's Sihui is leveraging the new energy vehicle industry to create a robust supply chain, with significant contributions to the local economy [7] - The integration of agricultural, cultural, and tourism sectors is revitalizing local economies, as seen in Shantou's transformation into a vibrant tourist destination [8][9] Cultural and Tourism Integration - The integration of agriculture, culture, and tourism is becoming a highlight of Guangdong's county economy, with various regions experiencing a surge in tourism and related economic activities [9][10] - The "Hundred Thousand Project" is encouraging youth to return to their hometowns, fostering new cultural and economic activities that contribute to rural revitalization [9][11] Income Disparities and Growth - In 2024, the economic growth rate of 57 counties (cities) is expected to exceed the provincial average, with rural residents' income growth outpacing that of urban residents [11]