A total of RMB 176.9 billion ($25.0 billion) will be invested in four different sectors in Shenzhen city - one of the most important first-tier cities in China - in 2020, indicating an increase of 23.7 percent year on year, as reported by local media.
The four sectors in question include infrastructure, livelihood services, ecology-related construction and industrial innovation.
In particular, the RMB 176.9 billion will come from the local government, while it will likely promote the overall investments in fixed assets of RMB 840.0 billion ($118.6 billion), up 15.0 percent year on year.