Shenzhen is set to surpass Singapore in terms of gross domestic product, and given the city’s current growth rate it could overtake Hong Kong within one or two years. In less than 40 years, Shenzhen has evolved from a small fishing village to a leading city in the prosperous Pearl River Delta region, made up of southern Chinese province Guangdong, Hong Kong and Macau. The region is capable of world-class innovation and the city’s development itself has been a miracle of innovation.
Shenzhen is showcasing its ambitions to be a new bay area economy and is increasingly recognized globally as China’s Silicon Valley. However, unlike its US counterpart, Shenzhen has its own characteristics in terms of innovation, and even surpasses Silicon Valley in some aspects. Shenzhen is already leading the world in terms of hardware and manufacturing and is evolving from a city of knockoffs to a city of innovation. However, questions remain on how it can retain its innovation gene and transform from an open, fast-growing and responsive manufacturing powerhouse to a world-class platform for innovation; how it can attract world-class talents through more open-looking policies and a more innovative university system and how it can position itself for further development on a national level.
At Yicai Tech & Innovation Conference, let the future happen. We’ll see you in Shenzhen-a city of innovation and a city of the future.