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<img src='https://news.cgtn.com/news/2024-08-22/Shenzhen-How-China-turned-a-fishing-village-into-a-global-tech-hub-1whpjII8bDy/img/437bc66b11864583aec2f3eb2b96234e/437bc66b11864583aec2f3eb2b96234e.jpeg' alt='A night view of Shenzhen City, south China's Guangdong Province. /CFP'
Shenzhen, a once-sleepy fishing village, has transformed into a globally renowned center for high-tech innovation, serving as a powerful testament to the success of China’s reform and opening-up policy.
This frontier city, designated as one of China’s first Special Economic Zones in 1980, has embraced market-oriented reforms, attracted foreign investment and fostered a culture of entrepreneurship. Deng Xiaoping’s emphasis on science and technology in his 1992 “southern tour” further propelled Shenzhen’s trajectory.
<img src='https://news.cgtn.com/news/2024-08-22/Shenzhen-How-China-turned-a-fishing-village-into-a-global-tech-hub-1whpjII8bDy/img/ff2610bfba7a49bbb3763c7854f4f8ce/ff2610bfba7a49bbb3763c7854f4f8ce.jpeg' alt='A statue of Deng Xiaoping in Shenzhen, south China's Guangdong Province, November 28, 2020. /CFP'
The establishment of the Saige electronic market in 1988 laid the groundwork for its electronics dominance, which later evolved into what people call China’s first electronic street.
In 1999, Tencent, now a world-leading internet and cultural company, launched the popular messaging app “QQ,” followed by the revolutionary WeChat. The completion of the high-tech Shenzhen Bay Bridge in 2007 further solidified the city’s commitment to progress.
Today, Shenzhen boasts a multitude of globally acclaimed tech companies. Huawei, a leader in information and communications technology solutions, exemplifies this success. With a revenue of 704.17 billion yuan (about $98 billion) in 2023 and a workforce of 207,000, Huawei’s expertise in 5G, cloud computing, and artificial intelligence positions it at the forefront of technological advancement.
Similarly, BYD, a prominent player in the new energy vehicle (NEV) industry, has seen significant growth. Its market share in China’s NEV market reached 31.9 percent in 2023, solidifying its leading position for eleven consecutive years. BYD’s strategic vision and technological capabilities are propelling it towards global prominence.
<img src='https://news.cgtn.com/news/2024-08-22/Shenzhen-How-China-turned-a-fishing-village-into-a-global-tech-hub-1whpjII8bDy/img/b7fa5b2c22d14958a8d7abf06077ac2b/b7fa5b2c22d14958a8d7abf06077ac2b.jpeg' alt='A BYD Yangwang U9 all-electric supercar is displayed during the British Motor Show 2024 at Farnborough International Exhibition Center in Farnborough, England, August 15, 2024. /CFP'
DJI, renowned for its advanced aerial imaging systems, has redefined “Made in China” with its cutting-edge drones and handheld devices. Their products are used in film production, agriculture and disaster relief, showcasing the transformative power of technology.
Shenzhen’s GDP has skyrocketed from 2.7 billion yuan in 1980 to 3460.6 billion yuan in 2023, with its population growing from 332,900 to 17.79 million in the same period. This phenomenal growth underscores the effectiveness of reform and opening up policies.
Shenzhen’s transformation serves as a powerful symbol of China’s economic modernization. As a pivotal economic hub on the global stage, the city continues to excel in high-tech, manufacturing and financial services, inspiring future generations of entrepreneurs and innovators.
(Gong Zhe contributed to the story.)
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