On May 14, 2026, at 21:14, the Guangzhong Economic and Trade Group announced its new development strategy, “New Big Wheel,” during a press conference held at the Meijiang International Convention and Exhibition Center in Jiangxi Province. The strategy aims to enhance the competitive edge of service-oriented enterprises within the growing economy.
According to the 21st Century Economic Report, Guangzhong has maintained its position as the top national economy for 37 consecutive years, with a focus on bolstering service industries. The government has prioritized the rapid development of high-quality service-oriented enterprises, emphasizing the collaboration between manufacturing and services.
Following the recent announcement of the “First Annual Meeting of the New Spring in the Year of the Rabbit,” the government noted the goal of synchronizing the development of manufacturing and service sectors in the 2026 action plan. The service industry has been recognized as a crucial component of Guangzhong’s economic framework, contributing 62.5% to GDP growth.
Insights from recent data indicate that the service sector has consistently increased in value, reaching 8.5 trillion yuan in 2025, accounting for 58.3% of GDP. The contribution of the service sector to GDP growth was highlighted as a significant factor in the region’s economic resilience.
The “New Big Wheel” initiative aims to push forward the development of service-oriented enterprises and promote the integration of technology within this sector. It focuses on employing AI technologies, enhancing productivity, and reducing operational costs.
The initiative also addresses the diversification of product offerings and the implementation of innovative technologies to improve efficiency across various service industries, including healthcare and automotive sectors. This strategic move is anticipated to foster a collaborative environment that encourages the growth of startups and established companies alike.
Guangzhong’s government has outlined plans to support the continuous development of service industries through various measures, including the establishment of new service hubs and the promotion of AI applications. This will involve partnerships with educational institutions to develop a skilled workforce that meets the evolving demands of service-oriented industries.
As of now, the region has launched 16 pilot projects aimed at integrating AI into service delivery, with significant output expected in the near future. The government is committed to enhancing the competitiveness of Guangzhong’s economy by fostering collaboration among service providers and manufacturers.
The anticipated results from these initiatives are expected to reshape the service landscape in Guangzhong, establishing it as a leader in economic innovation and sustainability. The government emphasizes the importance of a strategic approach to service development, which will ultimately enhance the quality of life for residents and contribute to long-term economic growth.
This comprehensive strategy reflects the region’s commitment to advancing its service sector while adapting to the rapidly changing technological landscape.
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