Xinghua, a county-level city in Jiangsu province, is poised for significant economic transformation during the 15th Five-Year Plan period (2026-30), targeting upgrades in its metal new materials, health food, and equipment manufacturing sectors.
The city aims to construct a modern industrial system centered on advanced manufacturing, with the industrial economy striving to reach 200 billion yuan ($28.82 billion) in sales revenue.
In terms of industrial development, Xinghua will focus on strengthening productive service industries to support key sectors of the industrial chain, while also bolstering consumer service industries to meet evolving consumer demands. The goal is to steadily increase the service industry's contribution to GDP.
Consumer markets are set for a vibrant boost, with initiatives to elevate the cultural tourism brand themed on flowers all year round, upgrade consumption scenarios, and diversify business formats. These efforts aim to solidify Xinghua's position as a renowned tourist destination.
Additionally, Xinghua will prioritize open innovation, improve its comprehensive transportation system, and deepen cooperation with Suzhou and Shanghai. By fostering a favorable business environment and expanding international trade and investment, Xinghua is set to achieve steady growth in its economy, industries, and consumer markets over the next five years.