Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’

//Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’

Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’

Shenzhen, China’s Silicon Valley and the richest city in southern Guangdong province, expects to achieve steady economic expansion through 2025 under a new five-year plan, helping cement the metropolis’ role as the “core engine” of the Greater Bay Area (GBA).The city’s 14th five-year plan from 2021 to 2025, released by the Shenzhen government this week, expects the local economy to reach 4 trillion yuan (US$626 billion) by the end of that period, up from 2.8 trillion yuan in 2020.Under that…

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By | 2021-06-11T12:00:00+00:00 June 11th, 2021|Technology|Comments Off on Chinese hi-tech hub Shenzhen gears up for steady economic expansion over next five years, cementing its role as the Greater Bay Area’s ‘core engine’