Shenzhen's innovation code
2015-March-11 Source:
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Innovative machine in high-tech conference

Shenzhen's local innovative enterprises own 90% of the city’s research staff, research institutions, research investment and patents, and those enterprises created almost one-third of Shenzhen’s gross domestic product (GDP) or 500 billion yuan (about 80.5 billion USD).

Thus, Shenzhen’s enterprise-lead innovation mode became a hot topic among deputies to the National People's Congress (NPC) and Chinese People's Political Consultative Conference (CPPCC).

Xu Qin, Shenzhen Mayor, introduced Shenzhen’s experience on developing innovation. The enterprise-lead innovation mode "can link research, production and market well."

However, Xu said Shenzhen should not be satisfied with its current innovative technological development, while it ought to make use of a variety of factors including finance, enterprises, social culture and ideas to conduct comprehensive innovation in future.

The CEO of Tencent Company, Ma Huateng, felt confident about innovative environment in Guangdong. "No matter Shenzhen or Guangdong, they all provide rich resources to the development of innovation, innovative industry, high-technology industry as well. Hence, Shenzhen is able to attract more innovative talents," said by Ma.

Tencent Company in Shenzhen

Liu Shijing, the vice director of Development Research Center of the State Council, said most innovative companies in Shenzhen are private enterprises so that they have a long-term plan as well as essential incentive mechanism. Next, Shenzhen owns a solid foundation of associated industry. Last but not least, government creates a suitable investment environment that offers support for those private enterprises and innovative enterprises.

Guangdong's innovation

Also, in Guangdong’s gov't work report of 2015, it refers that Guangdong will conduct innovative-driven development strategy to increase the core competitiveness. In order to take the advance in innovation among China, Guangdong will be drived by deepening the reform of science and technology system, accelerating the construction of regional innovation system, creating new advantage in self-innovation as well.


Editor: 王凯
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