Group 1 - Shenzhen is positioned as a leader in China's modernization, with the new policy document aimed at deepening reform and innovation, providing valuable experience for national development [1] - The projected GDP for Shenzhen in 2024 is 3.68 trillion yuan, reflecting a year-on-year growth of 5.8%, with strategic emerging industries contributing 1.5567 trillion yuan, accounting for 42.3% of the GDP [1] - Shenzhen has established three industry offices focusing on artificial intelligence, new energy vehicles, and medical devices to accelerate development in key sectors [1] Group 2 - As of April 2025, Shenzhen has nearly 4.47 million registered business entities, a year-on-year increase of 3.5%, with approximately 2.78 million being enterprises, representing 62.2% of the total [2] - The number of newly registered foreign-funded enterprises in Shenzhen increased by 33.4% from January to April [2] - The new policy is seen as a "second acceleration" of Shenzhen's comprehensive reform pilot, emphasizing the commitment to continuous reform and openness [2]

Core Viewpoint - Shenzhen is embarking on a new exploration of innovative reform methods, as outlined in the recently published opinions by the Central Committee of the Communist Party of China and the State Council, focusing on comprehensive reform and opening up to enhance its role in the Guangdong-Hong Kong-Macao Greater Bay Area and contribute to the modernization of the country [1][2]. Group 1: Reform Initiatives - The recent opinions emphasize four key areas: integrated reform of education, technology, and talent systems; empowering the real economy through finance, technology, and data; establishing a higher-level open economy; and improving governance models [1]. - Shenzhen has seen significant reforms since the initiation of the comprehensive reform pilot in October 2020, with multiple innovative measures being promoted nationally [2][3]. Group 2: Economic Performance - In 2024, Shenzhen's GDP reached 3.68 trillion yuan, reflecting a year-on-year growth of 5.8%, with strategic emerging industries contributing 1.5567 trillion yuan, accounting for 42.3% of the GDP [4]. - The production of new energy vehicles in Shenzhen grew by 69.2%, representing 22.3% of the national total, positioning Shenzhen as the leading city in automotive production in China [4]. Group 3: Competitive Edge - Shenzhen has enhanced its competitive strength through reforms that improve the legal and business environment, including the development of innovative financial products and regulatory frameworks [5]. - The city has seen a 3.5% year-on-year increase in registered business entities, reaching nearly 4.47 million, with a notable 33.4% growth in newly registered foreign enterprises in early 2025 [5]. Group 4: Future Outlook - The ongoing reforms are expected to continuously stimulate Shenzhen's development, maintaining its rapid growth and significant contribution to the national economy, with only 0.02% of the country's land area accounting for over 2.7% of its economic output [6]. - As Shenzhen celebrates the 45th anniversary of its economic zone, it is poised to further advance in reform and innovation, leading the way in China's modernization efforts [6].