Yuhang district in Hangzhou rolled out an ambitious plan to boost its manufacturing industry at a conference on Oct 8.

The plan states that Yuhang district will aim to reach 100 billion yuan ($14 billion) in its aggregate industrial added value of companies above designated size by 2025.

In 2018, the added value of the manufacturing industry in Yuhang district accounted for 25.4 percent of the GDP in the district, and the tax revenue generated from the district’s manufacturing industry accounted for 22.8 percent. 

Moving forward, Yuhang will focus on growing sectors such as artificial intelligence, 5G applications, internet of vehicles and life sciences. 

The plan specifies that the industrial fixed-asset investment in Yuhang should reach 26.5 billion yuan, and the number of enterprises above designated size should reach 1,700 by 2025. 

Investment in scientific research was also stressed at the conference, with the district aiming to make its R&D expenditure account for 4.9 percent of its GDP by 2025.