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Shenzhen To Be The Most Strategically Valuable City In China

Updated:2020-3-31 14:49:47    Source:www.tannet-group.comViews:589

As reported by CCTV News, the Central Committee of the Communist Party of China (CPC)  and the State Council issued a statement detailing how the country will support Shenzhen in building a socialist demonstration area.

The statement highlights Shenzhen's strategic positioning and expresses strong support for reforming the growth enterprise market registration system, underlines the city’s democratic and legal environment, and features an education system reform that Shenzhen parents and citizens are particularly concerned about.

This implies that Shenzhen is on the verge of going through major reforms and plans to open up more in order to catalyze further innovation and development in the region.

Below are details expressed in the official statement:

1. Shenzhen development goals

By 2025, Shenzhen is expected to rank among the world’s top cities in terms of economic strength and high-quality development, with world-class R&D productivity and industrial innovation. A push for more cultural diplomacy and internationally-praised public service and ecological reforms are also on the agenda to help Shenzhen become a modern, forward-thinking, and highly innovative global hub.

By 2035, Shenzhen is expected to become a national model of high-quality development, a world-leading city in terms of economic competitiveness, and a global capital of innovation and entrepreneurship with global influence. It will become a role model for China to transform itself into a powerful modern socialist country.

2. Supporting 5G, AI and other innovations

The comprehensive national science center will be built mainly in Shenzhen, playing a key role in the construction of international science and technology innovation centers in the Guangdong-HongKong-Macao Greater Bay Area.

More support will be provided for Shenzhen to continue to build major innovations such as 5G networks, artificially intelligent technologies, cyberspace science and technology centers, and laboratories for life information and biomedicine.

3. Convenient exit-and-entry systems

An attractive hub for international talent, and more convenient exit-and-entry systems

4. Encourage more international organizations and institutions

Support the reform of foreign exchange management on a trial basis, and encourage more international organizations and institutions to set up a base in Shenzhen.

5. Big data center

Support Shenzhen in building a big data center in the Guangdong-Hong Kong-Macao Greater Bay Area.

Big data, cloud computing, artificial intelligence and other technologies are expected to improve the level of intelligent and professional social governance. The social credit system will be reinforced and take the lead in building a unified social credit platform.

The government will also explore ways to improve data property rights and privacy protection mechanisms, and strengthen network information security

6. Hong Kong and Macao residents can receive mainland Chinese benefits.

Residents of the Hong Kong and Macao territories working and living in Shenzhen will enjoy the same benefits as those born and raised in mainland China.

The city will also improve its development of the real estate market and accelerate efforts to facilitate low-rent housing as well as accommodation for high-level talents.

7. Testing cutting-edge medical technologies

Becoming a more welcoming destination for medical doctors coming from overseas, and testing cutting-edge medical technologies to ensure doctors have the best equipment possible to operate at their best.

The explosion of Shenzhen over recent decades into an innovation powerhouse has been nothing short of extraordinary. It’s also full of charm and energy, which have made the city attractive for talents from all walks of life. (Source: CCTV)

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