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Xin Hua She·2025-10-21 03:46

Core Insights - Shenzhen has transformed from a small border town into a modern international metropolis with a population of nearly 20 million and a GDP growth from 270 million to 3.68 trillion yuan over 45 years [1][2][5] - The city is home to 12 national high-tech enterprises per square kilometer, the highest density in the country, and has nurtured global giants like Huawei, BYD, and Tencent, along with 1,025 national-level specialized "little giants" [2][6] - Shenzhen's development is characterized by a strong culture of innovation and reform, with a commitment to high-quality growth and a focus on attracting and retaining talent [20][24] Economic Growth - Shenzhen's GDP has seen significant milestones, breaking the 100 billion yuan mark in 1996, 1 trillion in 2010, and reaching 3.68 trillion in 2024 [5][6] - The city's industrial output value increased by 4.4% year-on-year from January to August 2025, with high-tech products like drones and industrial robots experiencing rapid growth [6][19] Innovation and Technology - Huawei's projected sales revenue for 2024 is 862.1 billion yuan, reflecting a 22.4% year-on-year increase, with a strong focus on R&D, which accounts for over 20% of its annual revenue [4][19] - Shenzhen's R&D investment reached 243.64 billion yuan in 2024, ranking second among major cities in China, with over 90% of R&D activities conducted by enterprises [19][20] Talent Attraction and Retention - Shenzhen has implemented various initiatives to attract talent, including free accommodation for job-seeking graduates and support for entrepreneurial teams, particularly from Hong Kong and Macau [23][24] - The city boasts a talent pool of 7 million, including 26,200 high-level professionals and 920 scholars listed among the top 2% of scientists globally [24][25] Special Economic Zones and Reforms - The Qianhai area, known as the "special zone within a special zone," has seen its GDP grow from 175.7 billion yuan in 2021 to 300.8 billion yuan in 2024, showcasing its role as a testing ground for reforms [10][11] - Shenzhen's commitment to innovation is evident in its continuous exploration of government-market relations and the establishment of a series of institutional innovations that have been replicated nationwide [11][20]