The construction catwalk of the Shuangyumen Bridge at Ningbo-Zhoushan Port connects the two main towers on Feb 9. [Photo/IC]

Zhejiang province has set targets and policy priorities from 2026 to 2030.

By 2030, the province aims to achieve a substantial rise in economic strength, technological capacity, and overall competitiveness.

Per capita GDP is expected to approach the level of developed economies, while Zhejiang's role as a major economic province is set to further strengthen. Gaps between urban and rural areas, as well as disparities in income and consumption levels, are to narrow further, with improvements in public satisfaction, well-being, and security.

The plan calls for residents' income growth to keep pace with GDP growth. Per capita disposable income is targeted at around 90,000 yuan (about $13,020), with wage growth aligned with gains in labor productivity. An olive-shaped income distribution, dominated by a broad middle-income group, is to take shape, alongside a more sustainable social security system and more balanced public services.

In public health and sports, Zhejiang plans to improve the nationwide fitness service system by expanding embedded sports facilities and integrated sports service complexes. Regular physical exercise is to become a daily habit. The province also aims to keep competitive sports at the national forefront and strengthen its position as a major host of sporting events. By 2030, per capita sports venue area is expected to reach 4.2 square meters.

The plan highlights artificial intelligence as a key driver of future growth, calling for a sustainable and leading-edge development pattern. Research and development intensity is targeted at above 3.5 percent, with overall labor productivity reaching around 300,000 yuan per person. The share of manufacturing value added in GDP is expected to remain broadly stable, while value added by above-designated-size industrial enterprises — those with annual revenue of 20 million yuan or more — is expected to grow by more than 5.5 percent annually.

Zhejiang will also step up efforts to attract and better utilize foreign investment. Measures include deepening global investment promotion, focusing on key countries and regions, expanding qualified foreign limited partner pilot programs, and strengthening cooperation with overseas sovereign wealth funds.

The plan also calls for improved services for foreign-invested enterprises, support for reinvestment within China, the introduction of foreign financial institutions, and stronger financial regulation.