PR93747

SHENZHEN, China, Dec. 16, 2021 /Xinhua=KYODO JBN/--

At the 2021 Shenzhen Global Investment Promotion Conference (GIPC) held on

December 15, more than 260 projects were signed, with a total investment of

more than 820 billion yuan.

Fruitful results have been delivered. Shenzhen, with innovation as its

signature, has accelerated the building of the pilot demonstration zone,

enabling the gloomy world economy amid the epidemic, to feel the momentum of

investing in China and Shenzhen.  

The conference featured various high-tech and international elements, such as

live streaming and Extended Reality (XR) technology, as well as a promotional

video full of technological and futuristic sense, bilingual host, simultaneous

interpretation in Chinese, English, German, and Japanese. Its online investment

promotion exhibition halls provided an immersive interactive experience,

demonstrating highlights of each district of Shenzhen, according the Organizing

Committee of GIPC.

GIPC included 12 district-level investment promotion events and overseas events

held in 12 cities in 5 continents before the main event on December 15, the

latter of which witnessed the signing at site of 44 major projects including

ABB, Metro mall and American Express.  

Cao Yang, head of ABB Electric Transportation business unit in China, a Fortune

500 company, believes that Shenzhen is the highland of digital development, and

smart buildings, electric transportation are developing very fast. The rapid

development of emerging industries constantly drives global enterprises to

invest. "We deeply feel that Shenzhen, as a city of scientific and

technological innovation, has the comprehensive advantages of complete

industrial chain and talents, as well as supporting policies. This provides

more confidence for ABB to further increase its investment in Shenzhen," he

said. In the conference, ABB settled its electric transportation project's

China headquarters in Shenzhen.

Jian Zheng, deputy director of the Commerce Bureau of Shenzhen Municipality,

said that many famous French enterprises, including Airbus and Sanofi, have

also taken root in Shenzhen and look forward to strengthening exchanges and

win-win cooperation.  

Sun Lu, head of Airbus China Innovation Center, said the center, which was

officially inaugurated in Shenzhen in 2019, is one of airbus's two innovation

centers worldwide. "Despite the epidemic, the center has cooperated with local

suppliers in Shenzhen for over 100 orders. We also cooperate with Tencent,

Appotronics Corporation Ltd. and other enterprises to provide new aviation

application products," he said.

Official data show that in the first 10 months of this year, Shenzhen has

attracted more than 20.99 billion USD foreign contractual capital and 8.8

billion USD were in actual use, with an year on year growth up to 19.8 percent

and 24.8 percent, respectively, maintaining a stable and good trend.

It can be seen from the hot spots of foreign investment that Shenzhen has

accelerated the development of strategic emerging industries and future

industries, built a highland of scientific and technological and industrial

innovation with global influence, and brought new opportunities to global

investment.

According to the 14th Five-Year Plan (2021-2025) for National Economic and

Social Development of Shenzhen and the Long-range Objectives through the Year

2035, Shenzhen, for the first time, included the added value of core industries

in the digital economy as a proportion of GDP.

Shenzhen's blueprint in emerging industries mainly relies on the accumulation

of technology in scientific and technological innovation over the years. In

fact, Shenzhen leads China in the number of operational data centers, 5G base

stations and industrial scale. Shenzhen's innovation force, represented by

Huawei and ZTE, is an important engine for Shenzhen to build itself into an

international science and technology innovation center in the Greater Bay Area.

In the process of building a pilot demonstration zone, Shenzhen has

continuously optimized the international business environment and attracted

talents worldwide.  

The participants generally agreed that Shenzhen, as one of the first six pilot

cities for improving business environment promulgated by the State Council of

China, will improve the level of cross-border trade facilitation, optimize the

management of foreign investment and international talent services, and

concentrate on creating a high-quality world-class business environment, which

will further enhance the attractiveness of the city.

"I think the general situation is good for Shenzhen, because in the south part

of China, especially in the GBA, we have very good business environment," said

Klaus Zenkel, Chairman of the South China Office of Commerce of the European

Union Chamber of Commerce in China.

Shenzhen is also actively promoting the legislation of the Special Economic

Zone of the "Regulations on Foreign Investment in the Shenzhen Special Economic

Zone", proposing to fully implement the pre-entry national treatment with

negative list management system, to comply with international rules, and to

comprehensively improve the level of opening-up.

Source: The Organizing Committee of GIPC