Shenzhen is on track to meet the majority of its economic and social development targets set for the 13th Five-Year Plan period (2016-2020), according to a mid-term review, the Shenzhen Economic Daily reported Thursday.
The mid-term objectives of the plan have basically been met across the four major categories of economic and social development indicators. Of the 32 specific indicators, the goals set for 2020 have already been fulfilled for 14, two years ahead of schedule. The remaining 17 have seen good progress, reaching the mid-term goals.
The review reports showed that across four major economic and social development indicators, namely economic development, social development, urban development and ecological civilization, the city has achieved better results than expected and has basically reached its mid-term goals.
In particular, the annual average concentration of PM2.5 has decreased from 30 micrograms per cubic meter in 2015 to 27.7 micrograms per cubic meter in June 2018, which represents the best level of air quality across the country’s megacities.
However, there are also individual projects that have been lagging slightly behind, such as new supply of talent housing and government-subsidized housing, which are related to insufficient land supply, urban renewal, slow renovation of rental housing in urban villages and long-term construction projects.
According to statistics, the city had provided 95,000 new units of talent housing and government-subsidized housing during the 13th Five-Year Plan period as of the end of June 2018.
The 10 key tasks and 309 specific tasks specified in the plan have also been progressing smoothly, according to the reports. The number of State-level high-tech enterprises in Shenzhen has doubled in two years, increasing from 5,524 in 2015 to 11,230 in 2017, making the city second only to Beijing.
The city’s innovation capabilities in the fields of metamaterials, new-energy vehicles and drones are at the forefront globally. The electronic information manufacturing industry contributed 78.1 percent of the city’s industrial growth, and the top 100 industrial enterprises contributed more than 90 percent of the industrial growth of enterprises above the designated size.
Additionally, six Hong Kong universities have set up 72 research institutes in Shenzhen. The added value of registered enterprises in Qianhai in 2017 reached 203 billion yuan (US$29.43 billion), double the figure in 2015.
In terms of infrastructure, the city’s rail network has grown from 178 kilometers to 286 kilometers, with 275 kilometers still under construction.
Of the 231 key construction projects specified in the plan, 34 had been completed by the end of June 2018. The projects that have been finished, are under construction or are carrying out feasibility studies and preliminary designing account for 95.7 percent of the total.
The reports have also put forward suggestions on a number of specific areas for the second half of the 13th Five-Year Plan period.