Shenzhen strives to play a pivotal role in the implementation of the Belt and Road Initiative to build itself into a gateway along the 21st-Century Maritime Silk Road by making full use of its geographic location and advantages in business and human resources, putting emphasis on the development of the Guangdong-Hong Kong-Macao Big Bay Area, and focusing on transportation connectivity, economic and trade cooperation and cultural exchanges.
ECONOMIC AND TRADE LINKS
Shenzhen has its own advantages in building itself into a strategic pivot in the Belt and Road Initiative. It has developed a sound economic and trade relationship with the countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road that has resulted in an impressive foreign trade volume since its industrial structure is quite complementary to that of the countries along the Belt and the Road. In 2015, Shenzhen has carried out several implementation schemes to support local enterprises to invest in the projects from the countries along the Belt and the Road. About US$8.5 billion has been invested and the investment increased by 94%. The actual foreign investment increased by 272%.
BAY AREA ECONOMY
Shenzhen will speed up the development of the bay area economy to promote its economic upgrading and increase its economic returns. To better implement the Belt and Road Initiative, Shenzhen will coordinate regional resources, build an economic corridor highlighting Qianhai Bay, Shenzhen Bay, Dapeng Bay and Daya Bay, and accelerate the upgrading of its bay area economy.
CONSTRUCTION OF FREE TRADE ZONE AND DEVELOPMENT AND OPENING UP OF QIANHAI
Shenzhen implements the overall planning of the Guangdong Free Trade Zone, plans and builds the Qianhai & Shekou Area with high standards, and speeds up the formulation of investment and trade rules in accordance with international practices. It will strive to build itself into a pilot demonstration window of the opening up of China's finance industry, a key base of world service trade and an international pivot port. It will enhance cooperation with Hong Kong, speed up the development and opening up of Qianhai, integrate the development of high-end service industry, emerging service industry and headquarters economy, and enhance service and trade liberalization. By 2020, Qianhai's GDP is expected to reach 150 billion yuan.
INFORMATION SILK ROAD
Information infrastructure is essential to the implementation of the Belt and Road Initiative. As the information infrastructure is inadequate in the countries along the Belt and Road, investment demand in the sector is big and the market potential for information products is huge. The Information Silk Road will expand spaces, tap new markets and create new opportunities for the development of Shenzhen's information industry.
Shenzhen is a powerhouse of China's electronic information industry, with its annual industrial output value exceeding 1 trillion yuan. It is also China's as well as the world's key research, production and export base of telecommunication equipment, flat panel display, computers and peripheral devices, electronic components, home audiovisual products and software.
Shenzhen has a developed Internet industry. In 2015, Shenzhen's Internet industry growth increased by 19.1%. The volume of e-commerce trade amounted to 1.7 trillion yuan. Shenzhen's Internet finance leads the country with the largest number of online loan platforms.
Shenzhen has more than 90,000 Internet-related businesses and a large number of world-renowned Internet companies.