Core Insights - The article discusses the transformation of Chang'an Town into a "billion-dollar town" and its ambitious "second entrepreneurship" initiative aimed at economic growth and industrial upgrading by 2025 [1][2][6] Economic Development - Chang'an achieved a GDP of 105.07 billion yuan in 2024, becoming the first town in Dongguan to reach the billion-dollar mark [1] - The town aims to increase its economic total by another 10 billion yuan by 2025, focusing on industrial transformation and innovation [6][8] Industrial Structure - The essence of Chang'an's "second entrepreneurship" is the shift from factor-driven to innovation-driven economic growth, emphasizing both traditional and emerging industries [2][3] - The electronic information and smartphone manufacturing sectors are significant, with a combined output value exceeding 230 billion yuan [2][5] Innovation and Technology - Chang'an is focusing on the integration of artificial intelligence and robotics into its industrial ecosystem, leveraging its existing strengths in electronic information [5][6] - The town has seen a 21% year-on-year increase in R&D spending among industrial enterprises in 2024, with the digital economy's core industries contributing over 18% to GDP [5][6] Urban Development - Chang'an is undertaking urban quality improvement initiatives, including the construction of new industrial centers to support traditional and emerging industries [6][9] - The town is also enhancing its living environment and urban appeal, aiming to attract and retain talent through improved public services and urban infrastructure [8][9] Regional Collaboration - Chang'an is positioned as a key player in the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to leverage its geographical advantages for regional collaboration and innovation [7][8] - The town's strategy includes forming innovation alliances and attracting global talent to foster a robust industrial ecosystem [7][8]