{"id":20520,"date":"2025-06-13T05:28:20","date_gmt":"2025-06-13T05:28:20","guid":{"rendered":"https:\/\/gsrra.com\/?p=20520"},"modified":"2025-06-13T05:28:22","modified_gmt":"2025-06-13T05:28:22","slug":"reform-pioneer-shenzhen-to-open-new-chapter-of-innovation-opening-up","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=20520","title":{"rendered":"Reform pioneer Shenzhen to open new chapter of innovation, opening up"},"content":{"rendered":"\n
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China’s State Council Information Office (SCIO) holds a press conference about Opinions on Further Advancing Shenzhen’s Comprehensive Pilot Reforms to Deepen Reform and Innovation and Expand Opening-Up in Beijing, capital of China, June 12, 2025. (Xinhua\/Zhang Yuwei)<\/p>\n\n\n\n

The southern Chinese city of Shenzhen, a reform pioneer, is poised to take bold new steps as the country recently announced a policy package aimed at deepening the city’s leading role in reform, innovation and opening up.<\/p>\n\n\n\n

A set of guidelines released Tuesday by the central authorities highlighted a new batch of measures for Shenzhen to break institutional barriers in education, science and talent development; strengthen the integration of innovation, industrial, capital, and talent chains; and explore new cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).<\/p>\n\n\n\n

Shenzhen, a vibrant city in Guangdong Province, is encouraged to pioneer the development of a modernized, globally oriented, and innovation-driven city, according to the official document.<\/p>\n\n\n\n

REFORM VANGUARD<\/p>\n\n\n\n

In 2020, which marks the 40th anniversary of the special economic zone of Shenzhen, China launched a comprehensive reform pilot in the city, reinforcing its pivotal role in the country’s broader reform and opening-up agenda.<\/p>\n\n\n\n

Shenzhen has made substantial progress over the past nearly five years, Li Chunlin, deputy director of the National Development and Reform Commission, told a press briefing on Thursday, noting that key breakthroughs have been achieved in vital areas, with a series of influential reform outcomes.<\/p>\n\n\n\n

The city maintained a vibrant annual GDP growth rate of 5.5 percent from 2020 to 2024, and made valuable explorations in reform, said Qin Weizhong, Mayor of Shenzhen.<\/p>\n\n\n\n

Among the pioneering initiatives were a cross-border fund pool that enables multinationals to streamline financial operations, intellectual property (IP) backed securities to support tech startups, industry-leading standards in areas from data to e-commerce, and groundbreaking regulations in fields such as artificial intelligence (AI) and intelligent connected vehicles.<\/p>\n\n\n\n

The newly released policy package is an upgraded version of the 2020 reform plan, reiterating China’s unwavering commitment to deepening reform and opening up, Li said.<\/p>\n\n\n\n

Key measures include joint university-enterprise programs to nurture skilled tech talent, access for Hong Kong-listed firms to go public in Shenzhen, international trade innovations like electronic documents, and the use of digital renminbi in more scenarios.<\/p>\n\n\n\n

These pioneering reforms are designed to lead by example and will have significant demonstration effects, Li said.<\/p>\n\n\n\n

INNOVATION HUB<\/p>\n\n\n\n

Speaking at the press conference, Miao Hong, deputy secretary-general of the Ministry of Science and Technology, vowed to support Shenzhen in building the GBA into a global technological innovation center and strengthening innovation capabilities.<\/p>\n\n\n\n

Qin emphasized the city’s focus on new quality productive forces, particularly in strategic sectors like AI and the low-altitude economy.<\/p>\n\n\n\n

Shenzhen aims to make breakthroughs in core technologies, explore AI-assisted medical devices and low-altitude airspace management, and cultivate more high-growth, globally competitive enterprises, according to the mayor.<\/p>\n\n\n\n

The city has nurtured over 2,600 major AI enterprises and enacted China’s first local legislation on the low-altitude economy, launching nearly 300 drone routes with over 1.7 million cargo flights.<\/p>\n\n\n\n

The innovation ecosystem is thriving, with R&D input accounting for 6.46 percent of Shenzhen’s GDP in 2023. Home to over 25,000 national high-tech enterprises, the city has led the country in patent authorizations for seven consecutive years, with 241,900 patents granted in 2024.<\/p>\n\n\n\n

“Shenzhen has the foundation, conditions and capability to lead in building a comprehensive innovation system,” said Zhang Hu, executive vice governor of Guangdong Province, noting that the well-timed new policy will inject powerful momentum into Shenzhen’s sci-tech structural reform. <\/p>\n\n\n\n

Reference Link:- https:\/\/english.news.cn\/20250612\/5203bca297354d3cb6ae94b5062f29bf\/c.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China’s State Council Information Office (SCIO) holds a press conference about Opinions on Further Advancing Shenzhen’s Comprehensive Pilot Reforms to Deepen Reform and Innovation and Expand Opening-Up in Beijing, capital of China, June 12, 2025. (Xinhua\/Zhang Yuwei) The southern Chinese city of Shenzhen, a reform pioneer, is poised to take bold new steps as the […]<\/p>\n","protected":false},"author":1,"featured_media":20521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[282,29,132,105,20088,1553,1863,20090,1837,5949,20089],"class_list":["post-20520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-bri","tag-china","tag-economy","tag-geopolitics-2","tag-hub-of-st","tag-innovation","tag-opening-up","tag-reform-pioneer-shenzhen-to-open-new-chapter-of-innovation","tag-reforms","tag-shenzhen","tag-silicon-valley-of-china"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/20520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20520"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/20520\/revisions"}],"predecessor-version":[{"id":20522,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/20520\/revisions\/20522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/20521"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}