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Zhuhai's 8.5% actual economic growth supported by projects

2018-March-8       Source: Chinadaily.com.cn

A GDP growth of 8.5 percent in goods and services is forecast in the Zhuhai 2018 Plan for National Economic & Social Development.

A GDP growth of 8.5 percent in goods and services is forecast in the Zhuhai 2018 Plan for National Economic & Social Development. Called for is greater focus on supply-side structural reform to boost the "real economy" excluding trade on financial markets.

Value-added growth for industrial enterprises above designated size is projected at 10.5 percent. Meanwhile, total retail sales of consumer goods are to increase by 11 percent. And, fixed-asset investment is to rise by 18 percent.

Targets will be met via continued growth of the "real economy." According to the report, emphasis will be put on creating a provincial-level Intelligent Manufacturing Demonstration Base and Advanced-Equipment Manufacturing Industrial Belt on the west bank of the Pearl River.

Specific segments of the document include Gree Electric Appliances' plan to build an intelligent manufacturing industrial park. Other priorities include construction of ABB Robotics Industrial Science Park at the Technological Innovation Coast of the National Hi-Tech Industrial Development Zone (Tangjiawan), Yunzhou-Tech USV Technology Harbor on the coast of Tangjiawan, and a Doumen District manufacturing base exemplifying Industry 4.0 development led by Flextronics Manufacturing (Zhuhai).

Yunzhou-Tech USV Technology Harbor [File photo]

Also planned is an integrated urban center consisting of Hengqin New Area, Hongwan area, and the Zhuhai Free Trade Zone. Renovation of the banks of the Maliuzhou Waterway between Hengqin New Area and the Free Trade Zone in Wanzai is also advocated. At the same time, Tangjiawan Science & Education New Town will be assisted in improving surrounding roads in areas including Beiwei, Houhuan, and Qianhuan.

Full-scale construction of the Initial Area of Western Eco-New Town will begin this year to ensure balanced urban and rural development. Land will be set aside for Aviation New Town Middle School, Zhuhai International Sports Center in Jinwan District, and Doumen Exhibition Center, as well as a public transit hub in south Fushan New Town. Neighborhood centers, kindergartens, and primary schools will be built. Pingsha New Town Central Park is expected to be completed by the end of this year.

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Editor: Jasmine

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