SHENZHEN will plan and accelerate the construction of 798 key projects with a total investment of 3.15 trillion yuan (US$434 billion) this year, according to a plan unveiled Tuesday by the Shenzhen Municipal Development and Reform Commission, the city’s economic planner.

The projects include 238 to upgrade modern industries, 292 to improve people’s well-being, and 268 for infrastructure. In 2024, 307.6 billion yuan will be invested in the projects, and about 20% of the investment will come from the government.

Among modern industry projects are BYD’s projects, Siemens Shenzhen Magnetic Resonance Ltd.’s R&D and production base, the Shenzhen International Exchange Center, the global headquarters of China Merchants Bank, the Ping An Auto Finance Building, and the Shenzhen headquarters of JD Group.

Projects for people’s well-being include Shenzhen Ocean University, Shenshan High School, the Bao’an Hospital of Shenzhen People’s Hospital, the Shenzhen Opera House, and the Shenzhen Mangrove Wetland Museum.

In terms of infrastructure, the city will push forward construction of the third runway of the Shenzhen Bao’an International Airport, expansion of the Airport-He’ao Expressway, and upgrading of Yantian Port.

Projects funded by the city government will focus on technology innovation, public transport, and public amenities.

(Lian Jiaqi)