Huzhou aims to lift industrial output to 1 trillion yuan | Updated: Apr 27, 2021

Huzhou in East China's Zhejiang province has set the goal of increasing its industrial output value to 1 trillion yuan ($153.85 billion) by the end of the 14th Five-Year Plan (2021-25) period. 

The city will strive to build a "4210" modern industrial system.

The "4" refers to four strategic emerging industries, namely digital techology, high-end equipment, new materials, as well as life sciences and health.

The "2" refers to the two local advantageous industries of green household products and modern textiles in the city.

The "10" refers to 10 characteristic industrial clusters that the city is giving a priority to -  electronic components and parts, Beidou and geographical information, new energy vehicles and key parts, smart logistics equipment, high-end metal structure materials, biomedicine, modern cosmetics, wood products, chairs, as well as children's clothing. 

Manufacturing has emerged as a significant fulcrum for economic growth in Huzhou. The latest data released by the Zhejiang provincial department of economy and information technology showed that the proportion of the manufacturing industry in the city's gross domestic product (GDP) in 2020 reached 40 percent, 7.3 percent higher than the provincial average.