Shenzhen is seeking to boost its gross domestic product (GDP) to more than 5 trillion yuan (US$736.75 billion) by 2030, with a targeted economic growth rate of 5 percent or above each year. That’s based on information from the outline of the city’s 15th five-year plan published yesterday. 

According to the document, which was cited by multiple Chinese media outlets, the tech hub is also aiming to raise the value of its strategic emerging industries to over 2.3 trillion yuan (US$338.9 billion) by 2030, boosting their share of the city’s GDP to 45 percent. 

Over the next five years, the authorities are planning to have Shenzhen’s advanced manufacturing sector account for over 70 percent of the value-added industrial output of industrial enterprises above a designated size. The same applies for the high-tech manufacturing industry, which is projected to make up more than 60 percent of the industrial output of such entities. 

Meanwhile, the plan mentions that by 2030, the city aims to be home to over 180 national Manufacturing Single Champion firms, 2,000 specialised and sophisticated small and medium-sized enterprises (SMEs) and 30,000 national high-tech enterprises. 

Targets have also been set for the data transmission, software and information technology service industries, which are expected to reach a value of 800 billion yuan. 

The plan also mentions raising the finance sector’s added-value to 700 billion yuan. It also called for fast-tracking the development of Shenzhen as a high-level industrial finance centre through the optimisation of financial market services, the strengthening of financial service innovations and increased openness of the local market. 

[See more: Macao’s third five-year plan targets a non-gambling GDP share of 60 percent by 2030]

The government is meanwhile looking to have Shenzhen’s foreign trade break the 5 trillion yuan benchmark by 2030 and is hoping for service trade to reach US$240 million. High-tech products are slated to play a major role in trade, with the plan mentioning that they will account for over 50 percent of exports. 

Strengthening cooperation within the Greater Bay Area (GBA) is another focal point of the plan, which calls for speeding up the construction of the Comprehensive National Science Centre in the GBA. To that end, the government is intent on establishing 12 major tech infrastructure and large scientific installations by 2030. 

With respect to computers, the city is projected to see its computing power reach a scale of over 150EFlops in the next five years, as well as over 8,000 public datasets. 

The scale of Shenzhen’s airport is set to increase as well, as the document notes that the aviation hub will be expanded to handle up to 80 million people a year. 

Outside of the economy, the five-year plan outlined various goals relating to people’s livelihoods and the city. For instance, the document mentions developing Shenzhen into a birth-friendly city, with a targeted public nursery care place level of 45 percent by 2030. 

Similarly, the government intends to add 100,000 spots for public senior high students and increase the number of workers in the city by 1 million people.