Shenzhen will plan and accelerate the construction of 798 key projects with a total investment of 3.15 trillion yuan (US$434 billion) this year, according to a plan unveiled Tuesday by the Shenzhen Municipal Development and Reform Commission, the city’s economic planner.
An aerial view of Shenzhen.
The projects include 238 aimed at upgrading modern industries, 292 focused on improving people’s well-being, and 268 related to infrastructure. In 2024, 307.6 billion yuan will be invested in the projects, and more than 80% of the investment will come from non-governmental investors.
A computer-generated image of Siemens Shenzhen Magnetic Resonance Ltd.’s R&D and production site in the Xili area in Nanshan District. Courtesy of the company
Among modern industry projects are BYD’s projects, Siemens Shenzhen Magnetic Resonance Ltd.’s R&D and production base, the Shenzhen International Exchange Center, the global headquarters of China Merchants Bank, the Ping An Auto Finance Building, and the Shenzhen headquarters of JD Group.
Projects for people’s well-being include Shenzhen Ocean University, Shenshan High School, the Bao’an Hospital of Shenzhen People’s Hospital, the Shenzhen Opera House, and the Shenzhen Mangrove Wetland Museum.
A computer-generated image of the Shenzhen Opera House.
In terms of infrastructure, the city will accelerate the construction of the third runway at Shenzhen Bao’an International Airport, the expansion of the Airport-He’ao Expressway, and the upgrading of Yantian Port.
Projects funded by the city government will focus on technology innovation, public transport, and public amenities.
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