2025 is the final year of the 14th Five Year Plan and a crucial year for comprehensively consolidating the positive trend of economic recovery. The Third Session of the 14th Guangdong Provincial People's Congress opened in Guangzhou on January 15th. Governor Wang Weizhong delivered a government work report to the congress, summarizing the work for 2024 and deploying tasks for 2025.

The report mentions:

In 2024, Guangdong:

We have launched a campaign to improve the quality and expand the coverage of basic pension insurance, with nearly 18 million individual pension accounts opened;

A total of 88000 households of elderly people with special difficulties have completed aging friendly renovations, and 3652 "senior dining halls" have been built.

In 2025, Guangdong will:

1. Strengthen the service guarantee of "one elderly and one small":

Carry out elderly health promotion actions

Expand inclusive elderly care services

Optimize elderly meal assistance services

Vigorously develop the silver economy

2. Establish a sound social security system

Steadily and orderly promote the gradual reform of delaying the statutory retirement age

Appropriately increase the basic pension for retirees, increase the basic pension for urban and rural residents, and raise the financial subsidy standards for urban and rural residents' medical insurance

Developing a multi-level and multi pillar pension insurance system

Accelerate the implementation of the personal pension system

3. Vigorously attract foreign investment

Continuously deepen the opening up of telecommunications, education, elderly care, medical care, health and other fields

4. Implement a special action to boost consumption

Promote the expansion and improvement of consumption of health, elderly care and other services