Shenzhen's latest promotional video, showcasing the city as a global innovation hub, debuted on a big screen in New York's Times Square on Friday. The video is part of an extensive program aimed at attracting international enterprises and projects to the southern Chinese city.

Since the new city's establishment in 1979, Shenzhen, which is often referred to as China's Silicon Valley, has grown to become one of China's most impressive economic miracles.

It ranked fourth in economic competitiveness in the latest report by the United Nations for Human Settlement Programme released in September, following New York, London and Singapore.

The city government of Shenzhen recently announced it would be offering 35 lots of land covering a total of 30 square kilometers for industrial development, especially for large innovation-driven companies and emerging industries to extend and optimize their industrial chains.

"Any enterprise or project that meets Shenzhen's industrial policies and its high-quality development requirements will be guaranteed sufficient space for development," said Nie Xinping, head of the Shenzhen development and reform commission, during a press briefing last month.

Nie said the new move is aimed at bringing in more outstanding enterprises worldwide that can support Shenzhen's long-term development. In return, they can enjoy incentive policies and huge opportunities in the city, which is a major player in the Guangdong-Hong Kong-Macao Greater Bay Area.

The annual China Hi-Tech Fair in Shenzhen is one of the most influential technological expos in China. [Photo: Nanfang Daily]

Home to a number of industrial leaders, such as Huawei Technologies, Tencent, DJI and Han's Laser, Shenzhen is stepping up efforts to enhance its capability in original innovation. The major industries helping the city to realize its lofty goal include new-generation information technology, high-end equipment manufacturing, the green industry, biomedicine, digital economy, new materials and the maritime economy.

Nie said the government will give sufficient support to the development of high-tech industries in Shenzhen, which will create an innovative chain composed of fundamental research, breakthroughs in cutting-edge technologies, industrialization of technological achievements and financial services for technologies.

High-tech companies in the city have made breakthroughs in artificial intelligence, integrated circuits, biomedicine and new materials, with some of the core technologies leading the world, according to the city government.

Official figures show that the added value of advanced and high-tech manufacturing rose 7.2 percent and 8.1 percent year-on-year in the first three quarters of this year. They accounted for 71.4 percent and 66 percent of the city's total industrial added value.

High-tech fair

Shenzhen launched the China Hi-Tech Fair, or CHTF, in 1999. Since then, the fair has become one of the most influential technological expos in China.

It has been working as an efficient platform to bring in the latest technological achievements from around the world, contributing to nurturing a large number of new high-tech companies and facilitating booming technological transfers for foreign and domestic companies.

This year's fair, which ran from Nov 13 to 17, attracted 576,000 visitors from 108 countries and regions. Each booth received an average of 246 professional visitors per day.

The total exhibition area reached 142,000 sq m. A total of 3,315 exhibitors participated in this year's CHTF, showcasing 10,216 high-tech projects. They covered various fields including AI, smart manufacturing, big data, cloud computing and commercial applications of 5G.

Cambricon, an industrial leader in AI chips based in Beijing, released its latest chips for intelligent edge computing during the 21st CHTF.

The new products can help a variety of industries to realize the application of edge intelligence. These industries include electronics, manufacturing, finance, transportation, education, logistics, medical services and wholesale.

"We will continue to invest in the research of AI processors to facilitate edge computing, autopilot vehicle computing and training in different fields, so that computing products and services can be more flexible, efficient, highly functioning and faster," said Liu Daofu, vice-president of Cambricon."In the end, the machines can better understand and serve humans."

TCL China Star Optoelectronics Technology, a subsidiary of TCL Group, which is one of the country's leading home appliance makers, has focused on innovation in semiconductor displays. The company exhibited at the high-tech fair seven times.

"TCL CSOT has grown fast since its establishment in 2009, and is among the top five in the world panel sector," said Li Dongsheng, board chairman of TCL. "It breaks the long-term monopoly of foreigner panel manufacturers."

The company has four manufacturing centers in Shenzhen and neighboring Huizhou city in Guangdong province, Wuhan in Hubei province and India, with six panel production lines currently commissioned in China providing panels and modules for televisions as well as mobile products.

At the fair, the company launched a smart blackboard, which has a size of 105 inches, as well as an 86-inch dual-screen smart blackboard.