Pingshan District has set a GDP target of 250 billion yuan by the end of the 15th Five-Year Plan period (2026-2030), requiring an average annual growth rate of 9.3% — the highest among Shenzhen’s districts that have announced their targets.

Pingshan District Mayor Zhang Qian announced the goal at the opening of the first session of the Third Pingshan District People’s Congress on Aug. 24. The target represents an additional 90 billion yuan in economic output over the next five years, building on the district’s 2025 GDP of 160.3 billion yuan (doubling the 80.1 billion yuan recorded five years earlier).

Although Pingshan’s target is smaller in absolute terms than those of Shenzhen’s larger districts, its required average annual growth rate of 9.3% leads all districts that have announced a 2030 target. The rate also exceeds Shenzhen’s overall target of 5%, reflecting Pingshan’s ambition to sustain rapid growth from a much larger economic base.

During the 14th Five-Year Plan period (2021-2025), Pingshan’s GDP doubled, registering an average annual growth rate of 12.6%. The industrial output of enterprises above designated size grew by nearly 20% annually. The district has ranked among China’s top 100 industrial districts for five consecutive years, rising 65 places during that period.

The district government’s work report outlines measures to achieve the new 9.3% growth target.

In the industrial sector, the district will promote the integration of technological innovation and manufacturing, focusing on its four pillar industries: intelligent connected and new energy vehicles; biopharmaceuticals; semiconductors and integrated circuits (IC); and artificial intelligence (AI) and smart terminals.

The strategy calls for completing the vehicle industry ecosystem, attracting leading biopharmaceutical companies, strengthening the chip supply chain, and expanding AI applications through real-world use cases. The district aims to raise the total industrial output of enterprises above designated size to 500 billion yuan.

In terms of consumption, the report calls for promoting high-quality, diversified and convenient consumption, expanding the “culture, sports, tourism and commerce” scenarios, and developing innovative business models.

On investment, Pingshan plans to increase investment in new quality productive forces, emerging services and new infrastructure, targeting double-digit annual growth in fixed-asset investment.

These plans reflect Pingshan’s shift from pursuing sheer scale to promoting quality-driven development, while addressing its weaknesses and building on its strengths.

Pingshan’s growth strategy centers on its four pillar industries.

Anchored by BYD, the district’s new-energy and intelligent connected vehicle sector generated 127 billion yuan in industrial output from enterprises above designated size in 2025, up 21% year on year. More than 300 intelligent connected vehicle companies now operate in the district, covering the entire supply chain.

Pingshan has also pioneered a legal framework for autonomous-vehicle testing and commercial operations, becoming the first district in China to open its entire area to such activities.

During the 15th Five-Year Plan period, Pingshan aims to build the core area of a “world-class automotive city” and enhance the intelligent connected vehicle industry ecosystem in research and development, testing and manufacturing.

Pingshan is home to more than 1,300 biopharmaceutical companies, including Sanofi, Snibe and Fosun Pharma. The sector’s output reached 26.38 billion yuan in 2025. During the 15th Five-Year Plan period, the district will focus on attracting global pharmaceutical leaders and cutting-edge projects, while supporting the development of surgical robotics and brain-computer interfaces.

The output of Pingshan’s semiconductor and IC industry grew 23% year on year in 2025. During the 15th Five-Year Plan period, Pingshan will plan and implement major projects and foster a 10-billion-yuan-level optical information industry cluster.

Pingshan’s IC industry accounts for more than 60% of Shenzhen’s total chip manufacturing output. The district has established a complete IC supply chain comprising more than 200 enterprises.

The district is also home to nearly 600 AI-related enterprises, including Honor and Honghe Technology. During the 15th Five-Year Plan period, Pingshan will invest in sectors including servers, models, data and computing power to support AI development, focusing on AI-powered smart terminals, robotics, vehicles and medical devices.

To support economic growth, Pingshan plans to advance the construction of three major advanced manufacturing parks — Jinsha-Bihu, Hi-Tech North and Hi-Tech South — as well as the development of industrial land lots such as Longtian North and Chi'ao areas. It will make 5 square kilometers of industrial land available and add 5 million square meters of high-quality industrial space during the 15th Five-year Plan period.

The district also aims to achieve double-digit annual growth in fixed-asset investment, with a focus on new quality productive forces and emerging services. It will support supply-chain finance and seek to establish a sub-fund of a municipal seed fund to encourage early-stage investment.

Over the past five years, Pingshan has recorded rapid growth in its pool of high-level talent, while its R&D intensity has reached 11.8%. During the 15th Five-Year Plan period, the district will implement a “Future Engineer” program, aiming to attract an additional 700 high-level professionals.

Pingshan also aims to increase the added value of its service sector to 30% of GDP and double the number of enterprises above designated size.

The district plans to attract more than three projects with an investment value of at least 10 billion yuan each, as well as more than 50 projects worth at least 1 billion yuan each. It will seek to attract leading enterprises, major State-owned enterprises and listed companies to invest in Pingshan.

Beyond economic growth, Pingshan is committed to building a high-quality modern city that better serves its residents. The district aims to establish itself as an eastern transportation hub for Shenzhen.

It plans to advance key railway and expressway projects, including the Shenzhen-Shanwei High-Speed Railway and intercity rail lines, while eliminating “dead-end” roads to ensure that all areas can reach an expressway within 10 minutes.