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Zhejiang drafts 14th Five-Year Plan

ezhejiang.gov.cn| Updated: January 28, 2021 L M S

Zhejiang's industrial policies included: accelerating the development of the digital economy and emerging industries of strategic significance, greatly upgrading conventional manufacturing sectors; creating more "single-item champion manufacturers" ,which are those enterprises committed to a single segment of the manufacturing sector, while also boasting world-advanced technologies and one of the largest market share in their segment; building numerous world-class advanced manufacture clusters; as well as ensuring that the industrial value-added in manufacturing continues to make up roughly one third of its GDP.

In terms of foreign trade and investment, the document sets out the goal that Zhejiang's total imports and exports of goods reaches 4 trillion yuan, as well as that its actual utilization of foreign investment stands at $17 billion in 2025.

As part of its commitment to achieving carbon neutrality, Zhejiang pledges that non-fossil energy utilization as a percentage of primary energy utilization will rise to 24 percent, while the proportion for installed power capacity of coal-fired plants will drop to 42 percent by 2025.

To improve medical services, Zhejiang is aiming for the number of hospital beds per 1,000 citizens will be 7.5 in 2025, up from 5.99 in 2020.

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