Major Economic Provinces Anchored on New Quality Productive Forces and Major Projects Gain Momentum

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By Reporter Meng Ke

Large economic provinces are the stabilizers of China’s economic fundamentals and the engines driving growth. In 2025, Guangdong, Jiangsu, Shandong, Zhejiang, Sichuan, Henan, Hubei, Fujian, Shanghai, and Hunan will contribute 62.2% to the national economic growth.

With a solid development foundation and strong resilience to external shocks, these large provinces support the stability of the national economy. After this year’s National Two Sessions, several economic provinces held meetings to clarify development paths and implement detailed measures based on their realities, demonstrating their responsibility to lead, pioneer, and set examples.

朱克力, founder of the New Economy Research Institute, told Securities Daily that the driving force for high-quality development in large economic provinces is becoming clearer, showing pragmatic, precise, and collaborative characteristics. The focus is tightly aligned with new productive forces, closely integrating technological innovation with industrial upgrading, and driving modernization of industrial systems through technological breakthroughs.

Tian Lihui, Professor of Finance at Nankai University, told Securities Daily that based on the published content, the key focus areas of these large provinces are shifting from expanding domestic demand to deepening potential and from industrial layout to new directions.

Specifically, in increasing investment and project promotion, Guangdong proposed aligning with the 14th Five-Year Plan, accelerating the transformation of strategic goals and tasks into policies and projects to generate more tangible results; Zhejiang aims to push forward major projects worth trillions, further strengthening the industrial “ballast”; Fujian emphasizes strengthening project coordination, adopting higher standards, greater efforts, and practical measures to ensure project implementation and new project planning, stimulating private investment and enhancing resilience through strengthened support.

In terms of developing new productive forces and industrial innovation, Sichuan proposed vigorously developing new productive forces, leading industrial innovation through technological innovation, implementing national key industrial chain projects, strengthening the full lifecycle investment system for industrial funds, and coordinating traditional industry upgrades with strategic emerging and future industries; Shandong emphasized further efforts in developing new productive forces suited to local conditions, promoting deep integration of technological and industrial innovation, optimizing traditional industries, cultivating emerging industries, and planning for future industries to continuously strengthen industrial advantages; Hubei suggested seizing opportunities from the new wave of technological revolution and industrial transformation, accelerating the deep integration of technological and industrial innovation.

Tian Lihui noted that overall, large economic provinces are taking the lead in integrating technological and industrial innovation. Whether it’s Zhejiang’s “Data Land” mechanism or cross-border low-altitude cooperation in Guangdong-Hong Kong-Macao, these pioneering explorations will provide replicable experiences for the whole country. Currently, these provinces are seizing technological high ground, providing solid regional support for China’s modernization blueprint.

朱克力 believes that large economic provinces are increasingly focusing on their comparative advantages, avoiding homogeneous competition, and transforming through specialization, high-end, and green development to enhance economic resilience. This not only stabilizes their own development but also provides strong support for the national situation. From an economic operation perspective, these provinces are large, with complete industries and strong resilience, effectively hedging external uncertainties and serving as stabilizers and ballast for the country’s economic recovery. From the perspective of development momentum, their focus on technological innovation and new productive forces can drive industrial upgrading and energy transformation nationwide. Regionally, they actively serve national strategies and promote higher-level regional coordinated development.

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Editor: Gao Jia