Luoyang's 15th Five-Year Plan Targets Over 5% GDP Growth, 3000 Billion Yuan Manufacturing Cluster

On August 21, Luoyang released its 15th Five-Year Plan, setting an average annual GDP growth target of above 5% for the 2026-2030 period and aiming for a steady rise in the city's share of the province's economic output. In manufacturing, the combined scale of traditional clusters—advanced equipment manufacturing, aluminum-based materials and nonferrous metals—is targeted to exceed RMB 300 billion. For emerging industries, the new energy battery and chemical new materials cluster targets RMB 220 billion, while optoelectronic components aim for RMB 100 billion. Luoyang's GDP reached RMB 616.452 billion in 2025, up 6.0% year on year. In the first half of 2026, value-added output of large-scale industries grew 7.2%. During the period, projects including the CATL Luoyang base and a million-ton ethylene facility have been launched.

On August 20, the National Development and Reform Commission held a meeting on the construction of major projects, reviewing progress and deploying key tasks for accelerating implementation. Shanghai's Lingang New Area released its 15th Five-Year Plan, aiming for industrial output above RMB 650 billion by 2030, forming three manufacturing clusters each exceeding RMB 100 billion, with intelligent vehicles exceeding RMB 300 billion and integrated circuits over RMB 120 billion. Zhejiang province issued a plan to build a high-level open province, targeting a 12% national share of total goods and services trade by 2030, and digital trade volume of RMB 1.2 trillion. Chongqing released its plan for building a beautiful Chongqing during the 15th Five-Year Plan period, proposing to upgrade the Chengdu-Chongqing 'hydrogen corridor' and the western land-sea corridor 'hydrogen corridor', integrating transport infrastructure with energy networks.

From January to July 2026, China saw 37,711 newly established foreign-invested enterprises, up 4.4% year on year. Actual use of foreign capital amounted to RMB 438.33 billion, down 6.2%. Among this, high-tech industries attracted RMB 182.31 billion, up 32.7%, accounting for 41.6% of the national total, a rise of 12.2 percentage points from the same period in 2025. Meanwhile, Hunan's early rice output reached 7.404 million tons, ranking first nationwide. National early rice output totaled 56.58 billion jin, remaining above 56 billion jin for six consecutive years.

On August 19, Chen Jinchao, deputy secretary of the Wuhan Municipal Party Committee and executive vice mayor, participated in a research activity, indicating his appointment as deputy secretary. The research, led by Sheng Yuechun, member of the Standing Committee of the Hubei Provincial Party Committee and secretary of the Wuhan Municipal Party Committee, focused on innovation ecosystem building.