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Looking Forward After 40 Years of Massive Growth

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Looking Forward After 40 Years of Massive Growth Unit: billion yuan Unit: billion yuan 2018 2,422.20 3,600.06 2018 Types of business entities Industries 2017 2,249.01 | | | 3,355.04 2017 CHINA DAILY SUPPLEMENT chinadaily.COM.CN WEDNESDAY, AUGUST 26, 2020 PAGE S1-4 1.08 60.62 0.17 SHENZHEN 2016 2,007.97 2,854.78 2016 Other Chinese-funded Primary AT A GLANCE 2015 1,801.41 2,660.81 2015 companies industry Guangming 2014 1,644.95 2,580.99 2014 36.51 Location: Self-employed Unit: percent Unit: percent South China's 2013 1,497.94 2,404.40 2013 people and 8.62 Guangdong province and 2012 1,331.97 2,230.90 2012 small Secondary Longhua family-run industry neighboring Hong Kong Longgang 2011 1,180.72 2,127.31 2011 Pingshan businesses 2010 1,000.22 1,887.97 2010 3,307,349 Area: 1,997.47 sq km Bao’an is the total number of 91.21 2009 848.58 1,582.86 2009 1.79 Coastline: 260.5 km business entities in Shenzhen Tertiary Foreign-funded industry Dapeng 2008 794.14 1,628.38 2008 companies Climate: Yantian 2007 692.52 1,436.29 2007 Warm and humid with an Luohu 2006 592.07 1,227.85 2006 average annual rainfall of Nanshan Futian 1,935.8 mm and average 2005 503.58 1,017.45 2005 annual temperature of 23 C 2004 435.03 858.88 2004 2003 364.01 679.76 2003 Gross output Fortune Global top 500 companies publicly traded Permanent population: 8 500 companies 32 in China 285 companies in China 13.44 million in 2019 GDP 2002 301.72 468.24 2002 value of industry 2001 252.29 374.77 2001 City flower: Strategic emerging industries Unit: billion yuan 2000 221.92 307.15 2000 Bougainvillea Transport: 8 railway stations, 15 container berths 2.69 One of the pioneers and front-runners of China’s reform and opening-up since it was designated as a special economic zone 40 years ago, the southern city has grown from a lesser-known fishing town into a bustling 3.68 capable of handling 200,000-tonnage vessels, trillion yuan 1995 84.28 129.22 1995 City trees: trillion yuan Litchi and mangrove 60 international flight routes and 8 subway lines 2019 1990 17.17 22.02 1990 508.62 159.66 114.51 108.46 48.91 41.62 33.78 metropolis. As a core city in the Guangdong-Hong Kong-Macao Greater Bay Area and a pilot demonstrative zone to further reform and opening-up, Shenzhen is in a better position to achieve high-quality development. 2019 1985 3.90 2.47 1985 New Generation Digital Economy High-end Equipment Green Marine New Biomedicine 1980 0.27 0.11 1980 of Information Industry Manufacturing Low-carbon Economy Material Industry Technology Industry Industry Industry Industry Industry “WHILE ITS EXPERIENCE ACCUMULATED OVER THE PAST 40 YEARS HAS BEEN PRACTICED IN OTHER CITIES, IT IS TIME FOR THE CITY TO SET OFF AGAIN ON NEW EXPERIMENTS AND ENDEAVORS.’’ Fan Gang, an economist and president of the China Development Institute Friendly business environment Economy bustling with tech giants LOOKING FORWARD AFTER 40 YEARS OF MASSIVE GROWTH Focus on science and education attracts influx of entrepreneurs and a vast pool of professionals Shenzhen seeks to be global leader of innovation in variety of sectors, Chen Hong reports. in bid to retain innovative edge By CAO YINGYING officials communicate with entrepreneurs and provide From left: By HU YUYAN Shenzhen-based company Goodix Technology is leading the symbol of the country’s reform and opening-up, Shenzhen in Guangdong According to official figures, the GDP of Shenzhen was less than 200 million yuan many innovative minds around the world have come true, for they could find every According to detailed guidelines launched by the local government earlier this year, He suggested the city improve the private economy, better protect the rights of protect people who do not hold registered permanent residences, he noted. From right: By ZHANG DANDAN and building manufacturing innovation centers of international [email protected] them with policy consultancy, including tax advice and Chinese automaker [email protected] world in fingerprint sensors and Mindray has established a pres- province is a wonderland that has created impressive economic growth ($28.7 million at today’s exchange rate) in 1979. Last year, it reached nearly 2.7 trillion electronic component they needed for their new products and inventions. the city will target eight sectors and make itself stand out, even in the Bay Area. private businesses and make clearer the relations between State-owned enterprises Cai Fang, vice-president of the Chinese Academy of Social Sciences, said Shenzhen An expressway [email protected] competitiveness, according to the local government. administrative fee reductions, as well as other helpful BYD’s global ence in Europe and the United States, according to Shenzhen over the past four decades. yuan, ranking third among cities in the Chinese mainland. Established in 1988, the commercial area along the road with a width of 60 meters The sectors include an international technological innovation center, the intercon- and private companies. should be a pilot area to demonstrate China’s governance philosophy, wisdom and linking Shenzhen Guangming Science City is also expected to become a compre- Technicians Thanks to efforts aimed at improving its business services. headquarters is One thing many major Chinese tech companies have in com- Special Zone Daily. The southern city, originally a fishing town with a population of just Shenzhen had a population of 13.4 million who had lived in the city for at least six and a length of 900 m has been a global production center for electronic products nectivity of the financial markets of Shenzhen and Hong Kong, the interconnection While the local government has been advised to map out incentive measures and practical solutions in different fields, including economy, technology, culture and and Guangzhou, Already known as a center of innovation in China, Shenzhen is hensive national science center by 2035, forming a world-leading work at a environment, Shenzhen in South China’s Guangdong Measures have also been released to increase support a landmark building mon is that they have all made a presence in Shenzhen in South The city is also strengthening its protection of intellectual 30,000, became one of China’s first four special economic zones in consecutive months by the end of 2019, an increase of 412,200 people from the year and the biggest distribution center of electronic components. of infrastructure, a modern industrial system with global competitiveness, better regulations to encourage innovation and create an excellent marketing system and social management. two major cities aiming to ensure its status by putting policies in place to create cluster of major scientific and technological infrastructure and Fire Eye province has become one of the most attractive destina- for the development of the city’s private economy, reduc- in Shenzhen, China’s Guangdong province, a city “born out of innovation”, property, to provide an important guarantee for innovation- AAugust 1980. It has played a leading role among the four SEZs through a series of before. The average age of the population was 32. It has generated a large group of both millionaires and billionaires and served as culture and tourism industries, a higher level of civilization, a better environment for capital market for startups, Fan said the city’s entire community should be more He suggested that Shenzhen should explore methods of high-quality development, in Guangdong world-class hubs for science and education. fostering a number of emerging industrial clusters that will lead laboratory for tions in China for global entrepreneurs. ing costs by more than 100 billion yuan ($14.41 billion), which houses an local officials said. driven development. incentive policies to attract foreign investment. That investment has spearheaded Apart from attracting large multinational companies, the city has nurtured a group a hotbed for the development of the city’s high technology industry, which has kept work, living and trips and improved performance while taking part in the country’s tolerant of failure in its efforts to innovate. which does not depend on GDP or an economic growth rate. province, is part Guangming Science City in Shenzhen’s Guangming district is one future development. the detection The city released in March this year’s key tasks for fur- raising bank credit lines by more than 100 billion yuan, array of research Since it became a special economic zone 40 years ago, Shen- In addition to introducing new regulations for IP protection, China’s transition from a planned economy to a market-oriented one. of local companies that have gained fame in the global community, including Huawei, its strong innovative capabilities in the new era of growth. Belt and Road Initiative. “Shenzhen does not just belong to China,” Fan said. “It belongs to the world.” Another important area is the coordinated development and co-sharing develop- of Shenzhen’s such approach the government is taking to gather together scientific Besides Guangming Science City, Shenzhen is to establish Xili of COVID-19 ther optimizing its business environment. The package increasing issuance of debt by more than 100 billion and development zhen has led the development of new ideas in China and lays Shenzhen has established the Shenzhen Intellectual Prop- These policies were applied to different sectors, including the managerial auton- Tencent, ZTE and BYD. Another group of companies are growing globally in their sec- One year ago, Shenzhen was designated by the central government as a pilot Fan Gang, an economist and president of the China Development Institute, a He said the city is collectively home to more than 20 million people, including ment of the economic society.
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