Core Insights - Guangdong Province is actively developing the modern service industry, which has become a key pillar for economic growth and employment, supporting high-quality economic and social development [2] Group 1: Modern Service Industry Development - The overall scale of the service industry in Guangdong has been continuously expanding [2] - A special meeting was held on August 22 to accelerate the construction of a modern industrial system, focusing on modern service industry development [2] - The Director of the Guangdong Development and Reform Commission, Ai Xuefeng, emphasized the need for coordinated efforts to strengthen the development of the modern service industry [2] Group 2: Planning and Strategy - The development of the modern service industry will be included in the upcoming "14th Five-Year Plan" for the province [2] - A specific "14th Five-Year Plan" for the development of modern service industry will be organized to provide a guideline for high-quality development during this period [2] Group 3: Low-altitude Economy - The Guangdong Development and Reform Commission is focusing on the high-quality development of the low-altitude economy, addressing areas such as mechanism construction, airspace reform, infrastructure, industrial layout, and application scenarios [2] - There have been practical advancements in urban governance, air traffic, and low-altitude tourism, contributing to the standardization of the low-altitude economy [2]

Core Insights - The Guangdong Provincial People's Congress is focusing on modern service industries as a key driver for economic growth, highlighting its increasing contribution to the national economy [1][2] - The service sector in Guangdong is projected to reach a value of 8.14 trillion yuan in 2024, accounting for 11% of the national total, and has maintained the top position in the country for 40 consecutive years [2][3] - Modern service industries are expected to continue growing, driven by rising consumer spending and the ongoing transformation of various sectors [6][7] Economic Contribution - In 2024, the value added by the service sector in Guangdong is expected to be 8.14 trillion yuan, with modern service industries contributing 64.5% of this value [2][3] - The number of large-scale service enterprises in Guangdong reached over 40,900, representing 15.9% of the national total, with their revenue accounting for 14.3% of the country's total [3] - The service sector's growth rate in the first half of 2025 was 4.6%, outpacing GDP growth by 0.4 percentage points [4] Sectoral Focus - Key areas of growth within modern service industries include finance, modern trade services, and scientific research and technology services [6][7] - The Guangdong government is prioritizing the development of productive service industries, including logistics, information services, and service-oriented manufacturing [4][5] Challenges and Opportunities - The service sector faces challenges such as the need for high-end service supply and talent shortages in finance, technology, and design [7] - The shift in consumer behavior towards service-oriented consumption is creating new opportunities for growth, with service retail expected to grow by 6.2% in 2024 [6][7] - The integration of advanced technologies like big data and AI is anticipated to further enhance the service sector's growth potential [6]