Guangdong has 10 indices of modernization, eight of which have been achieved in Guangzhou, with the remaining two to be met by 2010.

At a recent municipal political consultative conference, Guangzhou Mayor Zhang Guangning said the city would expedite the development of high-tech industries such as software and bio-medicines and the manufacturing-orientated service industry to maintain its fast pace of economic development.

Zhang said Guangzhou's objective is to realize an annual software industrial output of 110 billion yuan ($14.1 billion) by 2010.

Guangzhou wants to realize a bio-medicine output of 100 billion yuan ($12.82 billion) by 2010, turning the industry into a key driver of the economy. This will transform the city into a technological innovation center and a leading bio-medicine industry base in South China and even in the entire country.

Guangzhou will make good use of its advantages the airport, harbours and cyberport for a faster development of the tertiary industry directed primarily towards the manufacturing industry.

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