2020 is the year in which China will officially become moderately well-off and marks the end of its 13th Five-year Plan (2016-20). Jiading district in East China's Shanghai has rolled out several measures to achieve its major economic and social development targets for 2020. They are as follows:

1. Continue to implement the following three major tasks

Task 1 consists of the promotion of cross-regional cooperation in the Yangtze River Delta region, deepening of collaborative innovation between Jiading, Kunshan and Taicang, and an increase in high-quality development in Jiading and Wenzhou.

Task 2 consists of the cultivation of sci-tech companies. The district aims to help two companies go public on the Sci-Tech Innovation Board.

Task 3 consists of the continuation of the innovative acts launched in China's new free trade zones. Ten innovative customs measures will be rolled out to boost the Jiading Export Processing Zone and transform it into a comprehensive bonded zone.

2. Promote high-quality economic development

Jiading will take advantage of its burgeoning auto industry and aims to achieve an output of 1 trillion yuan ($145 billion). The district will strive to become an international auto industry hub, propel the mass production of Volkswagen's electric-only MEB platform, and accelerate the transformation of automobile and auto parts companies.

Jiading will put its hydrogen energy industrial plan into full operation by encouraging the development of intelligently-connected vehicles, supporting the pilot application of hydrogen fuel cells and 5G technology, and building a robust auto industry ecosystem.

It will accelerate the development of local integrated circuits and bio-pharmaceuticals and strive to help the output value of both industries reach 100 billion yuan.

3. Enhance the role of scientific and technological innovation

Jiading will fully implement its three-year plan by developing 10 major projects, setting 30 targets in sci-tech innovation and speeding up the commercialization of research findings.

It will continue to optimize its innovative environment by cultivating innovative groups, striving to increase the number of high-tech companies to 1,600, and strengthening the district through the hiring of skilled workers.

4. Increase regional economic density

Jiading will further industrial planning and spatial layout, put existing industrial land and plants to good use, and continue to support the efficient reconstruction and expansion of high-quality projects.

It will deepen reforms on State-owned assets and companies, strengthen their business and investment roles, improve the investment of State capital, and advance the development of small economic entities.