Building a Solid and Firmer Foundation for the Real Economy: An Observation on the Resilience and Vitality of Shenzhen's Economic Development

2023-05-18

In the first quarter of this year, the gross domestic product of Shenzhen was 777.219 billion yuan, a year-on-year increase of 6.5%. Faced with the severe and complex external environment, Shenzhen, as the forefront of reform and opening up, has demonstrated resilience and determination to "bite the green mountains without letting go". 'Leading the manufacturing industry' is an unchanging practice in Shenzhen, and it is also the foundation for this technological city and industrial hub to address risks and challenges. From the dominance of one industry in the industrial chain to the combination of multiple industries, from the difficulty of developing resources to the rise of industry, Shenzhen adheres to the concept and measures of high-quality development, reflecting the resilience and vitality of the Chinese economy. New momentum: "Multi industry and strong" demonstrates the industrial foundation. In the first quarter, the added value of Shenzhen's secondary industry was 254.924 billion yuan, a year-on-year increase of 4.6%, higher than the national growth rate of 3.3%, demonstrating the city's industrial foundation. 60 kilometers east from Shenzhen, about an hour's drive to the Shenzhen Shantou Special Cooperation Zone. With the investment of 25 billion yuan in the Shenzhen Shantou BYD Automotive Industrial Park as the core, the "Global Automotive City" is emerging, with a production capacity of 1 million vehicles by 2025. A previously backward economic "depression" in eastern Guangdong has undergone mechanism adjustment and become an "enclave" in Shenzhen, rising to a "highland" for innovative development. Port integration, global transportation by car. On April 30th, 564 BYD "yuan plus" cars orderly sailed into the China Merchants Ro/Ro "Dalong" ship from the Shenzhen Shantou Xiaomo Port dock, and after completing the loading operation, they were exported to Lin Chaban, Thailand. BYD Motors is becoming increasingly popular overseas, with 'Yuan Plus' ranking first in the sales of new energy vehicles in Israel in the first quarter, "said Huang Xiaolin, Deputy Director of Brand and Public Relations at BYD. Data shows that BYD exported approximately 38700 vehicles in the first quarter, a year-on-year increase of 1280%. During the same period, BYD produced 567200 new energy vehicles, an increase of 97% year-on-year. The acceleration of the launch of new energy vehicles at sea is a strong proof that the innovative development of Shenzhen's manufacturing industry supports economic stability and improvement. In fact, advanced manufacturing industries represented by new energy vehicles have achieved significant growth. Shenzhen's manufacturing industry is transforming into a "multi industry and strong" industry, including new energy, biopharmaceuticals, and high-end medical equipment. To be high, to be practical, to be new! Under the influence of multi wheel drive, the Shenzhen economy is moving towards a higher level, especially in the high-end, intelligent, and green development trend of the manufacturing industry, "said Zhou Houhong, Director of the Comprehensive Operations Department of the Shenzhen Municipal Bureau of Industry and Information Technology. Currently, electric passenger cars, solar cells, lithium batteries and other "new three types" have become the "leaders" driving Shenzhen's economic growth and driving foreign trade to rise against the trend. In the first quarter, the added value of Shenzhen's automobile manufacturing industry above designated size increased by 75.8% year-on-year, and the specialized equipment manufacturing industry increased by 13.6% year-on-year; The total export of the "new three samples" was 21.94 billion yuan, a year-on-year increase of 120.6%. Shenzhen, which has constantly built a solid foundation for economic operation, saw significant year-on-year growth in fixed assets investment and continued to burst out of innovative momentum. On May 14th, during an interview with Mindray Medical located in Nanshan Science and Technology Park, the reporter coincidentally met with their US management team at their headquarters in Shenzhen. They were full of expectations for the globalization process of the enterprise. Last year and now

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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