The supplementary list of major projects for 2023 in Shenzhen was recently released. The addition of 68 new projects, totaling over 500 billion yuan in investment, demonstrates the city’s strong economic momentum. The city’s fixed asset investment increased by 13.1% year on year from January to August, while major projects made up 72.6% of the annual investment plan.
Investment in the manufacturing industry serves as the foundation and leading indicator for the formation of the real economy’s supply capacity. Shenzhen’s industrial investment showcased robust growth, with a notable surge of 47.6% from January to August. The manufacturing industry played a significant role in driving investment, with a remarkable increase of 60.6%. Investment in high-tech industries remained active, with a growth rate of 67.7% in high-tech manufacturing investment from January to August. Specifically, investment in the electronic and communication equipment manufacturing sector rose by 69.8%.
The vitality of private investment in Shenzhen continued to strengthen from January to August, with a growth rate of 18.4%, surpassing the city’s average investment growth rate by 5.3%. Encouraging social capital to participate in infrastructure projects is a new path that Shenzhen is exploring to expand effective investment. Currently, Shenzhen has more than 10 key projects reserved for real-estate investment trusts (REITs), and the scale of issuance ranks among the top in China.
The successful implementation of major projects, ensuring both quality and quantity, is not only a key measure to expand investment and stabilize economic growth but also an important lever to safeguard and improve people’s livelihoods and cement urban functions. Investment in the cultural, sports, and entertainment industry in the city grew by 34.7% from January to August, while investment in public administration, social security, and social organizations increased by 44.9%.