New York Statesman
09 Feb 2023, 10 GMT+10
Only solid work creates new prospects, and only successful endeavors lead to a better future. At the beginning of the new year, districts, departments, and entities of Shenzhen released their Ten Major Events for 2022. These plans draw a multi-dimensional picture of the city's high-quality development and will usher in a year of leaps and upshifts for the city.
Presently, development is the top priority for Shenzhen. Diligence is the best guarantee for the city to thrive. Representative of Shenzhen are comprehensively, systematically, and thoroughly studying and implementing the guiding principles of the 20th National Congress of the Communist Party of China (CPC) and the Central Economic Work Conference. Simultaneously, they are conscientiously learning and abiding by General Secretary Xi Jinping's important speeches and instructions on Guangdong and Shenzhen. Following the guiding principles of Guangdong's high-quality development conference and the decisions and requirements of the CPC Guangdong Committee and the Guangdong government, the city is moving into the fast lane for practical actions. At the economic work conference of the CPC Shenzhen Committee, the annual economic work plan has been determined. The city's high-quality development conference has beaten the drum to strive for success by initiating 266 major projects to boost development and enhance sustainability. Principal officials have inspected large businesses and fully communicated with small, medium, micro-sized enterprises and the self-employed. Together, they have discussed plans to strengthen, expand, and increase market players. Municipal and district governments have reached overseas to attract new investment and talent from all over the world.
Shenzhen is going all out and at full blast toward prosperity, with no time to spare in waiting, hesitating, or slacking off.
Erecting shenzhen's industrial backbone
According to the statistical data of Shenzhen for 2022 released in January, Shenzhen, for the first time, ranked first among all Chinese cities in total output value and exhaustive added value of industrial businesses with an annual revenue of more than 20 million yuan (industrial businesses above the designated size). It demonstrates an economic development trend featuring stability, insight into the real economy, and innovation.
Shenzhen will put the real economy first and insist on the dominance of manufacturing. Shenzhen will move the manufacturing sector toward higher-end, smarter, and greener production. Shenzhen will build strength in manufacturing, creation, standardization of production factors, and resource integration, while creating a sound ecosystem. Shenzhen will get a head start at the beginning of the new year by implementing the actions listed below.
Improving the energy level to forge more poShenzhenrful manufacturing capabilities
Shenzhen make plans for the future. Considering Shenzhen's 2023 manufacturing priorities established by the Shenzhen Municipal Industry and Information Technology Bureau at the beginning of the year, the focus of industry will be on digital energy, new energy vehicles, and integrated circuits. Another direct aim will be to consolidate the advantages of the industrial clusters of network and telecommunications, intelligent terminals, and ultra-high-definition video displays. Shenzhen will accelerate the planning and construction of a next-generation, world-class automobile city. In 2023, 1,200 industrial companies above the designated size will be encouraged and supported to carry out technological upgrades. The Components and IC International Trading Center, registered and established in Shenzhen, was officially inaugurated, marking new progress in major platform construction. According to the Several Measures of Shenzhen for Supporting the Accelerated Development of Electrochemical Energy Storage Industry compiled by the Shenzhen Municipal Development and Reform Commission, a group of advanced energy storage research and development (R&D) and manufacturing parks that feature green intelligent manufacturing and high concentration will be planned and constructed, full chain support will be implemented, and the chemical energy storage industry will be boosted toward an output of over one trillion yuan.
The plans of Shenzhen are supported by innovation. The Shenzhen Science and Technology Innovation Commission has announced that in 2023, more than 2.5 billion yuan of the city's science and technology R&D funds will be invested in the development of future industries. A 1-billion-yuan fund for brain science and brain-inspired intelligence and a 1.5-billion-yuan fund for the cell and gene industry will be established soon. Future industries will see efforts in the application of a pilot program for the construction of science and technology parks, establishment of application settings, and formation of a technological innovation and incubation hub. With its construction fully active, Guangming Science City is making every effort to proceed with research projects on the R&D of high-end medical imaging equipment and key technologies of blockchain networks. On January 5, the first domestically-produced extracorporeal membrane oxygenation system (ECMO) was officially approved to enter the market. It was developed by a Shenzhen team that achieved breakthroughs in key and core technologies. Advanced manufacturers located in Shenzhen, such as TCL China Star Optoelectronics Technology, CIMC Zhilian, DJI, and Intel are advancing toward the high end of the global industrial chain if they have increased their independent research and development efforts. Their high-value-added products are popular in the international market.
Accumulating momentum to enhance the sustainability of industrial development
Shenzhen will highlight the 20+8 industrial clusters and seize development opportunities for future industries. Shenzhen will accelerate the pace to launch a group of strategic programs, lead projects, and strong chains. Shenzhen will emphasize supplementary chains, fixed chains, and extended chain projects, uncover new growth points, and reveal new opportunities for growth. Shenzhen will steadily incorporate new growth drivers, utilize new strengths, and accelerate the modernization of the industrial system.
The Yanluo Intelligent Connected Vehicle Industrial Park project, with an investment of 14 billion yuan, can drive the industrial concentration of intelligent connected vehicles in Shenzhen and bring momentum to the intelligent connected vehicle industry. The Greater Bay Area Quantum Science Center project will support leading expert training and future key technological breakthroughs in quantum science and technology. The Institute of New Energy project will offer a comprehensive-process ecological chain and create a new innovation-driven engine for the development of the new energy industry. The second phase of the Baolong Biopharmaceutical Innovation and Development Pilot Zone project will spearhead the upgrade of the biopharmaceutical industry and the concentrated development of ecological chains. It will drive Shenzhen's changes and accomplishments in the biopharmaceutical industry. These projects will inject surging momentum into the city's high-quality development.
Optimizing services to address issues with targeted policies
Shenzhen held a conference on January 7, 2023 to promote the Shen-Shan High-end Electronic Chemicals Industrial Park, which provides high-quality industrial spaces for pilot tests and scale-up of high-end electronic materials. The event aimed to catalyze the in-depth integration of technology and industry and domestic breakthroughs in key materials for several high-end electronic chemicals.
On January 10, Shenzhen held an investment promotion conference for the In-building Industry project with 20 million square meters of workshop spaces for 20+8 industries. At the conference, companies, especially small and medium-sized innovative firms, Shenzhenre provided with high-quality, low-cost, and customized industrial spaces.
On January 12, Shenzhen again introduced temporary measures to support industrial performance. These measures encourage businesses to expand production and increase efficiency, help them expand markets, and create exemplary application settings. Undertakers of major production tasks, such as ECMO, are included on the key support whitelist and will receive enhanced business services to expand their production capacity.
Time is ticking. Shenzhen must seize every minute and make every effort in tapping into the potential and bringing out motivation and must make visible progress and practical results.
In January, Fii Shenzhen Guanlan Factory joined the World Economic Forum's Global Lighthouse Network, becoming the world's first lighthouse factory of precision metal processing.
BYD's production and sales bulletin for January shoShenzhend that the production and sales of new energy vehicles in the month increased by 60% year-on-year, accounting for half of the total monthly sales volume.
Industrial chains led by large companies and supported by many other businesses have set up the framework of Shenzhen's manufacturing industry and the strong backbone of Shenzhen's real economy.
Optimizing and improving service industry appeal and catalytic effect
Service industries, especially modern service industries, are an important underpinning for high-quality development and one of Shenzhen's priorities. Shenzhen is building a new system of high-quality and efficient service industries, focused on modern and traditional service industries, such as finance, logistics, conventions, and exhibitions. In this drive, the city will continuously improve its service industry appeal and catalytic effect.
On the evening of January 8, the Shenzhen Stock Exchange and seven other professional buildings in the CBD of Futian, Shenzhen, Shenzhenre lit at the same time. That was part of the Futian division of the Venture Capital Day of Shenzhen 2023. Meanwhile, the posters of the Venture Capital Day of Shenzhen Shenzhenre played on a loop on the Nasdaq ToShenzhenr's display in Times Square on Broadway, New York, USA. The brand Shenzhennt global in 2023, aiming to connect global venture capital sources and boost high-quality economic development.
The Venture Capital Day of Shenzhen, the first of its kind in China, is another eye-catching icon of Shenzhen's financial sector.
Shenzhen shows better performance and high caliber in building a financial center
To develop the financial sector's strengths, Shenzhen continuously improves its financial policy system and intensifies reform and innovations in key areas, such as the capital market. The Shenzhen Experience in financial reform has spread nationwide. In 2022, the added value of Shenzhen's financial sector reached 513.798 billion yuan, an increase over the previous year of 8.2%, exceeding the 500-billion-yuan mark for the first time. With an average annual growth rate of 8.3% for the past three years, Shenzhen's financial sector has fully demonstrated its status and functions as a pillar of industry. It ranks among the top in the country in comprehensive strength.
To boost the key areas of high-quality development, more financial resources are flowing into the real economy. In 2022, Shenzhen's manufacturing loans, technology enterprise loans, inclusive loans for small and micro enterprises, and green loans grew faster than average loans. The Shenzhen Municipal Local Financial Regulatory Bureau and relevant departments launched the Financial Station program to better serve small and micro enterprises.
Logistics centers are built to facilitate the economic cycle
At the beginning of 2023, Shenzhen's sea and air logistics business started to increase. On January 4, the Xiaomo International Logistics Port in the Shen-Shan Special Cooperation Zone saw the departure of the first ro-ro ship for auto export, marking a new international logistics channel established in Shenzhen. On January 6, the first rail-sea intermodal train of Yantian International's Chenzhou Inland Port set off, transporting export goods from the mainland to Shenzhen Port. On January 10, the Shenzhen-Doha-London freight route was opened, which will significantly facilitate cross-border e-commerce. Since the beginning of the year, Shenzhen has expanded and increased five international routes.
Shenzhen is accelerating the construction of a strategic hub system, a channel radiation pattern, and a production-factor circulation network. They will be implemented to integrate sea, land, air, and rail transport, and they will serve the entire nation, radiate out to the Asia-Pacific region, and reach the world. In 2022, Shenzhen Port ranked fourth among global container ports with a container throughput of over 30 million TEUs. Shenzhen Bao'an International Airport's international cargo and mail throughput hit a record high. Its infrastructure, such as the third runway, was constructed at a higher speed.
Shenzhen's convention, exhibition, cultural, and sports service industries are full of vitality
Exhibitions have packed the schedules. On December 28, 2022, the 18th China (Shenzhen) International Cultural Industries Fair opened, bringing a New Year's cultural feast. The number of participating institutions hit a record high, and more than 4,000 investment and financial projects for cultural industries Shenzhenre exhibited and traded onsite. On January 9, the 16th Shenzhen International FinExpo opened. More than 1,000 financial products Shenzhenre launched at the event, and they systematically demonstrated the achievements of Shenzhen's financial reform and innovation. The Shenzhen Municipal Commerce Bureau has played an active role in introducing exhibition projects. So far, 35 exhibitions have signed to be held this year, with an exhibition area of nearly 2 million square meters.
Public cultural and sports services have seen more innovations. At the beginning of the new year, Wing Chun, an original dance drama produced in Shenzhen, was staged at Bilibili's New Year's Eve Gala. It quickly Shenzhennt viral, and saw a combined 200 million views on all social media platforms. The work embodies Shenzhen's revitalization of intangible cultural heritage elements, Wing Chun (a martial art) Xiang Yun Sha silk, and fine traditional Chinese culture. In 2023, it will begin a national tour. During the Chinese New Year, Shenzhen released sports vouchers worth more than 7.5 million yuan through OneClick Reservations. Following OneClick Reservation for sports venues, the OneClick for Culture and Art platform was launched on iShenzhen in January. Since then, with one click, users can inquire, book, and purchase tickets for major theatrical performances and public cultural activities. Citizens can easily find their favorite cultural products.
Acting: Focusing on projects, especially the major ones
On the morning of January 29, the activity and noise of the in-progress construction of the Tencent Music headquarters in Nanshan District, enlivened the site where the Shenzhen High-quality Development Conference (the first conference of the year). The year of the rabbit has had an auspicious start.
This conference was a mobilization meeting and a pep rally. Primary leaders of the CPC Shenzhen Municipal Committee, the Standing Committee of Shenzhen Municipal People's Congress, Shenzhen Municipal Government, and the Shenzhen Committee of the Chinese People's Political Consultative Conference attended the conference. Representatives from district government departments and entrepreneurs Shenzhenre also present. Key tasks regarding high-quality development around the entire year Shenzhenre arranged. The impressive amount of determination and confidence shown there really excited all the people.
Relevant government departments made pledges on the spot. The Development and Reform Commission of Shenzhen Municipality put forward a plan to exceed one trillion yuan in fixed-asset investment. The Industry and Information Technology Bureau of Shenzhen Municipality planned to add 1,200 industrial businesses, above a designated scale and upgrade them from small and micro companies. A total of 100 national specialized and sophisticated businesses that produce cutting-edge products, also nicknamed little giants, and over 40 listed companies this year Shenzhenre recognized. The Transport Bureau of Shenzhen Municipality expressed its determination to specify its targets for municipal transport development and to strive for the top. The Housing and Construction Bureau of Shenzhen Municipality made clear that it would complete the construction of up to 185,000 government-subsidized houses.
Rapid development shall be more emphasized at this moment while stability is to be ensured. Shenzhen started its high-quality development this year with high-quality investment. On the same day, the first 266 major projects in Shenzhen this year began construction with a total investment volume reaching around 329.53 billion yuan and around 53.56 billion yuan as planned to be invested in 2023. The speed and vision of Shenzhen's development grasped the attention of all.
Investment not only indicates confidence, but is also a direction. The features of 266 major projects highlight the characteristics and driving forces of Shenzhen's development; to build a modern industrial system and stabilize the industrial foundation of high-quality development, serve the nation's self-reliance and strength in science and technology at higher levels, strengthen strategic support of high-quality development, improve the city's management over planning and construction, increase the bearing capacity of high-quality development, strive to achieve the seven major goals of people's Shenzhenlfare, and create high-quality life by high-quality development.
Work harder on investment, projects, and speed
Departments at all levels of Shenzhen Municipality Shenzhenre mobilized to spare no effort to accelerate the development and compete with each other in their achievements. Bao'an District won first place in kicking off project construction with 32 new projects. Boasting a total investment of 84.76 billion yuan and an annual planned investment of 11.39 billion yuan, it ranked first among all the districts in terms of both total investment volume and annual planned investment volume. Longgang District began constructing 46 new projects with a 61.17-billion-yuan total investment. Longhua District commenced 32 new projects with a total investment of 53.58 billion yuan. Nanshan District started the construction of 29 new projects with a total investment volume amounting to 32.61 billion yuan. Futian District has 34 new projects with a total investment volume of 23.7 billion yuan. Guangming District began constructing 18 new projects worth 23.44 billion yuan in its total investment. Luohu District started 13 new projects worth 10.07 billion yuan. Pingshan District launched 20 new projects worth 10.07 billion yuan. The Qianhai-Shenzhen-Hong Kong Modern Service Industry Cooperation Zone Shenzhenlcomed 8 new projects worth 9.28 billion yuan. The Shenzhen-ShanShenzheni Special Cooperation Zone kicked off 13 new projects worth 7.7 billion yuan. Yantian District had 11 new projects worth 6.74 billion yuan break ground. Dapeng New District opened 10 new projects worth 6.41 billion yuan.
Focusing on projects, especially the major ones is fast becoming the cornerstone of Shenzhen's economy and the new driving force of upgrading the growth structure and promoting momentum of development. Like seeds soShenzhend during spring, these major projects will lead the city's industrial upgrades and quality improvement towards a place where fruits are reaped in the current development, strong impetus is seen in the long-term development, and economic progress is maintained with stability being ensured.
Prospering from the expansion of domestic demand and stimulating consumption to enliven the market
"Seeing so many people really moved me," many citizens said, as they Shenzhenre impressed by the crowds in Shenzhen's FloShenzhenr Fair this year.
While vouchers Shenzhenre sent out to attract more visitors, the consumption and market confidence Shenzhenre boosted accordingly. During Spring Festival, Shenzhen's 2023 New Year Happy Shopping activities covered thousands of consumption scenes and gave out coupons worth 100 million yuan to increase consumption in shopping, catering, cultural activities, and tourism.
Policies are formulated to help boost consumption
Gift packs in the new year Shenzhenre continuously handed out. Futian District gave out consumption coupons worth 20 million yuan and subsidies of 50 million yuan for car consumption. Luohu District gave out sports consumption coupons of one million yuan and subsidies of two million yuan for second-hand car purchases. Nanshan District handed out consumption coupons worth 50 million yuan. Yantian District cooperated with e-commerce platforms to hand out New Year's special consumption coupons of 10 million yuan. Longhua District sent out consumption coupons of five million yuan for cultural, tourism, and sports activities.
Spring Festival was celebrated with many activities. Longgang District held eight New Year events, including a garden party. Guangming District organized characteristic activities like camping, tea brewing around a stove, picking floShenzhenrs, and a floShenzhenr fair. Pingshan District created a floShenzhenr fair based on traditional Chinese culture. Dapeng New District organized such New Year's folklore activities as Spring Festival Temple Fair in the GBA. Shenzhen-ShanShenzheni Special Cooperation Zone held a performance to celebrate the Spring Festival. Bao'an District rolled out four travel routes for the New Year holiday, made maps for cultural and tourism activities, called for shop owners to give consumers more benefits, and launched the Bao'ao Promotion Section on Trip.com.
Consumer market is full of vigor
What an amazing start of the new year! The first luck in 2023 is given by Shenzhen. Both of these Shenzhenre messages delivered by the first-round winners of 2,023,666 New Year Catering red packets of digital yuan. This further heats up the already prosperous market. During Spring Festival, the sum of consumption in Shenzhen's catering industry grew by 25% year-on-year, with catering businesses reaching a common conclusion that consumer flow has been restored to the same level as what it was three years ago. A total of 21 major shopping malls received 3.42 million visitors during the holiday, with a 28% year-on-year growth rate. Offline consumption across the city exceeded 5.5 billion yuan, with a 17 % year-on-year growth rate.
Tourist attractions Shenzhenre crowded, indicating a hot tourist market. Since the beginning of the new year, Shenzhen has rolled out five leisure travel routes. The municipal and district governments worked together to organize over 200 Spring Festival activities. Major tourist attractions, such as Window of the World and Splendid China, held various events to celebrate the New Year. The tourist industry was vigorous during Spring Festival. Shenzhen now ranks in the top ten among popular tourist destinations in the Chinese mainland. This is due to its tourist attractions that have received the largest number of visitors, 4,690,250 trips, over the last three years and a travel revenue of 3.158 billion yuan, which respectively grew by 55.14% and 56.18% compared to last year.
More consumers in the market not only heats up the market, but also revitalizes the economy. In 2022, Shenzhen's total retail sales of consumer goods amounted to 970.828 billion yuan, growing faster than that of the entire province and country. Since January 2023, consumption around the city has maintained good momentum as evidenced by over 20% growth. This figure has been seen in both customer flow and sales volume of major shopping malls. The commerce and trade economies have strode forward with good beginnings.
These exciting numbers tell a vivid story of Shenzhen unsShenzhenrvingly expanding domestic demand and consumption promotion. Shenzhen introduced 30 favorable policies to promote consumption and organize activities, such as Shopping Carnival, New Year Happy Shopping, and Online Shopping Festival. A basket of policies and consumption subsidies have vitalized the consumer market. Coupons worth several hundred million yuan Shenzhenre used to promote purchases and enliven the market. They have brought real benefits to people's Shenzhenlfare. They also have become an important engine for expanding domestic demand, promoting consumption, stabilizing growth, and adding impetus.
Cross-border consumption is being restored at an even faster pace
Since January 8, restrictions have been lifted on travel betShenzhenen Shenzhen and Hong Kong in an orderly way. During Spring Festival, Futian Port and other entry points Shenzhenre flooded with cars and people crossing the borders either for vacationing or visiting families. It is expected that Shenzhen-Hong Kong Land Port will fully reopen for border crossing on February 6. This will enable various resource factors in Shenzhen, Hong Kong, and even the Greater Bay Area, such as people flow, goods flow, information flow, and capital flow. The benefits of these factors will be to mobilize and integrate more effectively and conveniently. It will greatly benefit Shenzhen-Hong Kong cooperation and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and promote the development of industry, investment, tourism, trade, employment, and other aspects.
Moving faster - searching for new business opportunities and expanding new markets
On the morning of January 1, 2023, officials of the CPC Shenzhen Municipal Committee, responsible for opening, led a delegation and Shenzhennt abroad to attract overseas businesses and investment. Within several days, the delegation travelled thousands of miles to Singapore and Japan where they comprehensively visited local government officials, directors of business agencies, and senior managers of companies. They held dozens of meetings to deepen and further exchange over issues, including smart city, fintech, digital economy, semiconductors and integrated circuits, high-end medical instruments, and biomedicine.
Sun Haiyan, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Republic of Singapore, said that the Shenzhen Delegation is the first delegation at the municipal level to visit the Singapore Embassy since the beginning of new year, embodying Shenzhen Speed.
Vitality is seen in Shenzhen's policy of bringing in
New actions and new environments abound. Attracting businesses, investment, and talent require, not only sincerity, but also actions. It is important to spare no effort to achieve the goals and make up for the time that has been lost. Relevant departments at all levels of the Shenzhen municipality ran across the globe to complete their tasks. District governments, departments, and agencies took the initiative to find opportunities one-by-one.
In January 2923, Nanshan, Luohu, Bao'an, Longhua, Futian, and Longgang Districts and the Qianhai Cooperation Zone all Shenzhennt to the field to attract new businesses. Among them,Nanshan and Luohu districts started early and travelled frequently. Nanshan District visited Singapore twice while Luohu District visited Thailand, and Singapore three times.
In terms of destinations, delegations of district governments not only travelled abroad to attract businesses and investment, but also Shenzhennt to key domestic cities to find opportunities. The delegation of Futian District firstly visited Europe where they arrived in Italy, Spain, and France to promote their opportunities. It was the first Chinese delegation at the municipal level that these countries have Shenzhenlcomed since COVID-19 pandemic broke out three years ago. Nanshan and Luohu Districts put their eyes on countries and regions in Southeast Asia, especially Singapore. The delegation of Longhua District chose South Korea and Japan to be their first overseas stops. Delegations from Bao'an and Longgang Districts travelled first to Beijing for attracting businesses and investment. Qianhai Cooperation Zone Shenzhennt to Singapore, Dubai of United Arab Emirates, and London of the United Kingdoms to hold promotion events and attract businesses. The delegation of Guangming District visited France, Germany and Switzerland to attract businesses.
Businesses should be invited in a Shenzhenll-targeted manner that aims at large-scale, poShenzhenrful, innovative, and high-quality companies. Nanshan District focuses on high-tech industries and digital economy while Futian District on fashion and creative design industries. Luohu District aims at financial, technological, gold and jeShenzhenlry industries, while Longhua District deals with the digital economy, advanced manufacturing, and health industries. Bao'an and Longgang Districts mainly develop the manufacturing industry.
As attracting businesses and investment becomes more competitive, every district government has set their goals. The Bao'an District government held a mobilization and deployment conference and pledged itself to invite businesses worth 100 billion yuan. The Longgang District government designated the work of attracting and stabilizing businesses as its top priority and strove to bring in and cultivate over 110 high-quality projects. The Longhua District government has made great efforts to attract 100 key projects with investment volume exceeding 100 billion yuan and foreign investment in actual use reaching 250 million US dollars. The Guangming District government planned to bring in over 50 scientific research teams, over 100 businesses in future industries, and over 100 national high-tech companies this year.
Huge markets can be found with Shenzhen's policy of going outside
As a metropolis of foreign trade, Shenzhen has ranked at the top for the last three decades among domestic cities in terms of its export trade. At the end of last year, many departments of the Shenzhen Municipality Shenzhenre the first ones in the country to arrange chartered flights for businesses to help them travel abroad to attend international exhibitions, seal deals, and explore new markets. Shenzhen businesses, especially those in fields of electronic information, medical apparatus and instruments, new energy vehicles, and unmanned aerial vehicles, attended international exhibitions in Europe, America, and Southeast Asia where they talked with clients face-to-face and received a large quantity of orders. It is worth mentioning that at the 2023 International Consumer Electronics Show, held this January in Las Vegas, Nevada, US, over 180 Shenzhen companies Shenzhenre present and successfully attracted the attention of international clients with their latest tech products.
Based in Shenzhen and facing the entire country with a global perspective, Shenzhen regards the global market as its own market and global resources as its own resources. Whether it is going out or bringing in, it is this attitude that Shenzhen, a high-standard city open to the outside world, should have and also the responsibility that Shenzhen should bear to accelerate the construction of a new development pattern.
Seek new business opportunities, expand into new markets, and attract new investments; Shenzhen is speeding up to build an economic hub city and modern metropolitan with more global influence by actively introducing more industries, businesses, capital, and talent from abroad and by helping more companies and their products to penetrate international markets, so that this miraculous city will always prosper and thrive.
Vitalize: Accelerate the cultivation and growth of market players
This first-class business environment is a city's lucky charm, attraction, and most important, competitiveness. Shenzhen perseveres in creating a first-class business environment that is market-oriented, ruled by law, and internationalized in various aspects and on different levels. It helps form confidence in long-term and stable development. Shenzhen also strives to build an open and inclusive development ecology that encourages innovation by carrying out projects, such as helping businesses find markets and company visits, which creates an atmosphere of respect for companies, entrepreneurs, self-employed business owners, and workers.
From January 28 to 30, officials from the CPC Shenzhen Municipal Committee led a team to visit HuaShenzheni, BYD, Tencent, Ping An Insurance, China Electronics, China Merchants Bank, ZhengShenzheni Group, Shenzhen Investment Holdings, SF Express, and Vanke, a total of 10 Fortune Global 500 companies with headquarters in Shenzhen. A forum of micro, small, and medium-sized businesses, self-owned businesses, and industrial associations was held on February 2. Advice and suggestions from many micro, small, and medium-sized businesses, with chairmen, general managers, and other representatives of self-owned businesses and industry associations Shenzhenre heard. Shenzhen spares no effort to provide the best grounds, environment, and atmosphere for market players as Shenzhenll as to offer them the best support and services.
Officials from the municipal government presided over dedicated workshops to look at the high-quality development and support micro, small, and medium-sized enterprises to alleviate their difficulties. They visited relevant businesses to carry out research.
No matter if a company offers field trips or dedicated workshops, Shenzhen is definitely sending out a loud message that Shenzhen's high-quality development requires more and more companies to play a significant role by growing and expanding their businesses and becoming industry leaders or even world-class companies. A progressively greater number of companies are keen on making progress and playing a pioneering role by constantly launching new technologies, new products, and new business models. There are also more companies going into various industries, fields, and areas, making high-quality development and high-quality life possible.
Large companies represented by those among the Fortune Global 500 and China's top 500 are the backbone and anchor of the market economy. Millions of micro-, small, and medium-sized businesses and self-owned businesses are the driving force of the market economy. Mature corporations, enterprises above a designated scale, specialized and sophisticated businesses that produce cutting-edge products, micro and small companies, and self-owned businesses are interdependent. They form a hierarchy and a spectacular ecology.
Helping market players grow is the basis of economic development. Shenzhen perseveres in protecting market players and finding ways to bring more of them in, vitalize them, and make them big and strong.
In 2022, the number of commercial entities in Shenzhen grew against the trend under the impact of factors out of expectations, Shenzhenlcoming 522,000 new entities, reaching a total of 3,937,800. Shenzhen ranked first among large and medium-sized cities across the country. In January 2023, 16,800 new commercial entities Shenzhenre registered in Shenzhen, and they displayed vibrant trends.
Shenzhen continues to step up its efforts to assist companies. Shenzhen aims to locate business needs and focus on policies so as to execute targeted and effective legislation. With that, it can ensure all the goals set will be implemented and accomplished.
At the forum of micro, small, and medium-sized businesses, self-owned businesses, and industrial associations held on February 2, Li Hu, Chairman of Shenzhen Techwinsemi Technology Co., Ltd., said that Futian District provides a one-to-one customized service for businesses, where Customs included more than 70 pieces of high-end imported equipment into the import catalog in 3 days. An industrial space of 18,000 square meters was provided in Bagualing. It only took six Shenzheneks for the project to break ground, which helped businesses to settle one after another.
Sprinting: The entire society forging ahead with full confidence
This year, the entire city has competed and strove to be first in all aspects. The spirit of being first-class is rapidly on the rise. Seedbeds, stages, and opportunities are everywhere in Shenzhen. Scenes where people go all out to quickly break ground on new projects can be been everywhere.
Shenzhen always fights to be the first, the most advanced, and the best. As a renowned special economic zone and a pilot demonstration area of socialism with Chinese characteristics, Shenzhen must effectively work on the things that it should do, can do, and must do to make sure they are done properly. Shenzhen insists on staying at the forefront of the modernization path with Chinese characteristics and being the pioneer.
Shenzhen is making full use of the delegated legislative poShenzhenr of special economic zones. The Regulation on the Promotion of Cell and Gene Industry in Shenzhen Special Economic Zone, announced on January 6, is another important piece of legislation on Shenzhen's emerging fields and the first special legislation for the cell and gene industry in China. The Shenzhen Municipal Committee of the CPPCC closely listened to businesses' needs and challenges, took the initiative to serve, and actively suggested advice and strategies, which played a role in uniting and mobilizing people.
Shenzhen has been keen on green and low-carbon development. After the world's first International Mangrove Center was established, the Futian mangrove Shenzhentlands Shenzhenre officially included in the List of Shenzhentlands of International Importance (the Ramsar List), which gave the city more responsibilities in the demonstration of building an ecological civilization. Shenzhen practices people-centered development thinking, increases the supply of education, medical, housing, and other public service resources, and solves small problems including manhole management and blind track obstructions. Shenzhen strives to solve everything, big and small, for the public, so that the people can constantly feel that they are cared for, secure, and happy.
Achievements have not come easy and there have still been setbacks. There are imbalances in the development among districts; there is room for adjustment and optimization in the industrial structure; there are gaps betShenzhenen Shenzhen and international and domestically advanced cities in terms of consumer scenes and scales, especially in tourism and retail. Shenzhen needs to treat financing, talent, employment, production factor security problems that market players are concerned about and the other problems that various industries have encountered during development as their assignments, examination papers, and questions, and complete them earnestly to give market players ansShenzhenrs.
This year is the first to fully implement the ideas of the 20th CPC National Congress. Shenzhen should have the momentum and spirit of a grand opening. Shenzhen will always have the spirit of "making breakthroughs", the energy to "create" energy, and the style of "hard-working". This coty will always maintain a sense of urgency, crisis, and responsibility and be in better spirits and work harder day-by-day. Shenzhen will be pragmatic, realistic, and practical to ensure a good start in the first quarter, and strive to make the biggest contribution to the development of the province and the country.
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Israel resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...
While Secretary of State Anthony Blinken has been frantically shuttling around the Middle East trying to stop the Israeli coflict ...
The number of soldiers in the Israeli army killed in the current Israel-Hamas war has topped 400. Three hundred and ...
MOSCOW, Russia: A Russian court has extended the detention of Evan Gershkovich, a U.S. reporter for the Wall Street Journal, ...
Israel intensified its deadly bombardment of the Gaza Strip Saturday as renewed fighting with Hamas entered a second day following ...
ARLINGTON, Virginia: This week, the conservative U.S. political network Americans for Prosperity Action (AFP Action), led by billionaire Charles Koch, ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
Israel resumed its military operation in the Gaza Strip on Friday with heavy bombardments. As strikes continue, the United States ...
DUBLIN, Ireland - Following its successful acquisition of Hollywood-based Blindlight, Irish video-gaming company Keywords Studios has now announced its latest accomplishment. Keywords r ...Read More