Guangdong Party Secretary Hu Chunhua, that industrial transformation and upgrading would be promoted in 2014.

According to Hu, advanced industry set the direction of industrial transformation, which also guided changes in the province's investment structure so that modern services became the key to Guangdong’s economic achievements.

According to local news sources, more than 60 percent of investment in Guangdong went into services. The investment growth rate of rising services industry reached 50 percent in 2014, according to these reports.