Shenzhen, in keeping with its development as a modern city, has built a new industrial infrastructure, with high-tech industry and advanced manufacturing as its base and modern tertiary industry as its backbone.

Industrial Structure

Shenzhen has formed a modern industrial "aircraft carrier group," which has the high-tech industry as its "aircraft carrier," and other advanced industries as its "escort ships." The total value-added output of the city's four pillar industries made up 54.4 percent of its GDP in 2006, an increase of 4.6 percent over the previous year. The city's productive service industries are also highly advanced. Its modern financial sectors, including banking, securities and insurance, provide enough industrial capital, while the modern logistics network, comprising seaports, airports, free trade zones, export processing zones, and customs-supervised warehouses, leads Shenzhen to the international market

Investment Structure

There is growth in the city's fixed asset investment. In 2006, the city's fixed asset investment totaled 127.367 billion yuan, up 7.8 percent over the previous year. Of that figure, the investment in the first industry was 33 million yuan, an increase of 43.7 percent over the previous year; the investment in the second industry reached 45.019 billion yuan, up 20.9 percent; and the investment in the third industry amounted to 82.315 billion yuan, an increase of 1.8 percent.

Ownership Structure

Shenzhen is striving to improve its basic economic system, which takes public ownership as its main body and encourages joint development of multiple forms of ownership. The city has cultivated a number of large-scale State-owned enterprises and listed companies, which are domestically and internationally competitive. While striving to attract more foreign investment, Shenzhen endeavors to standardize rural collective share-holding enterprises, and encourage the development of private and individual businesses, with priority given to the development of private high-tech enterprises. The ownership of State-owned enterprises is being diversified.

Urban Agriculture

With Bao'an and Longgang districts urbanized in 2004, Shenzhen has no rural areas and no farmers. But the city continues to develop modern urban agriculture. During the 11th five-year program, the city plans to invest 8.82 billion yuan in 39 key agricultural projects in six major categories, including a safe agricultural products base, an agricultural high-tech park, agricultural processing and distribution, forestry, eco- agricultural tourism, which will form an urban agriculture with typical Shenzhen characteristics. 

Buji Farm Produce Wholesale Market

Covering an area of 120,000 square meters, the Buji Farm Produce Wholesale Market has a floor space of more than 200,000 square meters. More than 2,000 enterprises from the country's 30 provinces, municipalities and autonomous regions engage in dealings of more than 3,000 varieties of farm produce in the market. It has topped its counterparts in China for many years in succession in terms of sales revenue. Its business has also expanded to South China, Hong Kong and the Southeast Asian region.

Modern Industry

General Introduction
Shenzhen's export-oriented industry makes up half of its whole economy. The city's total industrial output value has maintained fast growth over the past 15 years. In 2006, driven by domestic and overseas markets, the industrial production with the high-tech sector as the backbone continued to grow vigorously and realized 285.812 billion yuan in added value, up 17.3 percent over the previous year. The total industrial added value made up 50.3 percent of the city's gross output value.

Top 100 Enterprises
Shenzhen's integrated industrial development has been brought up to date with more priority given to key industries. In 2006, the city's top 100 enterprises realized industrial added value of 162.04 billion yuan, and gross industrial output value of 723.75 billion yuan, up 28.5 percent over the previous year and making up 62 percent of the city's total industrial output value. 

Pillar Industries
Since the mid-1990s, Shenzhen has focused on seven major industries, which include computer software, IT, microelectronics and components, video and audio products, electro-mechanical integration, and key projects of light industry and energy. Meanwhile, new industries, such as pharmaceuticals, medical equipment, biotechnology and new materials, have grown rapidly.
Electronics and telecom equipment manufacturing is the city's largest industry, with modern equipment making (spearheaded by machinery making) the second-largest industry.

Major Industrial Products

Shenzhen has 34 industrial sectors. Of its 1,000-plus industrial products, 30 are in lead position in China in terms of total output. The following are some of the city's products, which have notched up a large share of domestic and international markets: containers, 38 percent globally; hard drives, 50 percent domestically and 10 percent globally; computer magnetic heads, 60 percent globally; laser pickups, 60 percent globally; program-controlled switching boards, 40 percent domestically; gene hepatitis B vaccine, 51 percent domestically; clocks and watches, 45 percent globally; and gold jewelry, 70 percent domestically.

Traditional Industries

Shenzhen has more than 1,200 garment brands. Traditional industries, such as leather, gold and jewelry, machinery, furniture, toy, printing, clock and watch, continue to grow rapidly.

Jewelry Industry

Shenzhen was the first city in China to engage in the gold and jewelry processing business. Its business turnover has accounted for 70 percent of the domestic market. More than 1,100 gold and jewelry enterprises in Shenzhen are working to expand and integrate the industry and develop a series of brands.

Construction Industry

The city's construction industry has seen steady growth. There are more than 600 registered construction companies, 80 construction supervising companies, 56 pricing consultation companies and 67 bidding agents in Shenzhen. The city also has six construction associations. Besides, 184 construction companies from inland provinces set up branches in the city. In 2006, the city's construction industry realized added value of 16.291 billion yuan, up 7.5 percent over the previous year.