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Emerging industries of strategic importance

2017-09-13

Emerging industries of strategic importance including biology, Internet development, new energy, new material, cultural and creative industries and new-generation information technology are becoming the new engines for Shenzhen's development. The marine industry, aerospace and aviation industry, life health industry, robot and smart wearable devices are becoming its future industries.

In 2016, the added value generated by the city's emerging industries was 784.77 billion yuan, up 10.5% from 2015, comprising 40.3% of the city's GDP. The Internet industry generated 76.75 billion yuan, up 15.3% from a year ago. The added value of new material industry was 37.34 billion yuan, up 19.6% from 2015. The added value of the new energy industry was 59.23 billion yuan, up 29.3% from a year ago. The added value generated by robot, wearable devices and intelligent equipment industries was 48.64 billion yuan, up 20.2% from 2015.

INDUSTRIAL BASES

Shenzhen has placed importance on the development of biology, Internet, new energy, new material, cultural and creative industries, and new-generation information technology industries. Construction of 23 industrial bases for emerging industries of strategic importance is under way. The International Bio-valley Baguang Core Area, Royole International Flexible Display Base and Kuang-Chi Future Technology Park are under construction.

INDUSTRIAL DEVELOPMENT

In 2016, Shenzhen's R&D investment was 80 billion yuan, comprising 4.1% of the city's GDP. The investment goes side by side with that of Israel. The number of Shenzhen's PCT (Patent Cooperation Treaty) applications totaled 19,600, accounting for almost 46.6% of the national total. Tencent, ZTE, Salubris and BYD won the China Gold Patent Award in 2016, which accounted for 20% of the awardees.

Shenzhen has made key breakthroughs in core technologies. Its new generation communication technology, gene sequencing, new display technology, new energy vehicles and more are the leading technologies in the world. In 2016, 16 projects that were conducted by 19 Shenzhen colleges, institutions and enterprises won the National Science and Technology Award. The 4G TD-LTE technology and applications made by Huawei, ZTE and Yulong won the grand prize of National Prize for Progress in Science and Technology. The Huawei Polar Code became one of the key standards of 5G. In the area of biotechnology, BGI-Shenzhen is globally known for its excellence in new DNA sequencing as well as extensive biological information analysis. While SuperD's glasses-free 3-D is recognized as a world-leading technology, Royole Corporation has developed more than 200 core technologies of flexible display.

The competitive strength of local companies has been reinforced. Shenzhen has witnessed an increasing number of local companies step onto the world stage. Huawei, one of the biggest telecommunications equipment suppliers and mobile phone manufacturers in the world, achieved a business revenue of 520 billion yuan in 2016, up 32% from 2015. As an Internet giant, Tencent generated 108.38 billion yuan in revenue in the three quarters of 2016. BYD, one of the world's largest producers of new energy battery and vehicles, achieved a revenue in 2016 of 103.98 billion yuan, up 29.95% from the previous year. Also, a great many specialized companies have emerged in various fields. For instance, Hepalink plays a major role in the global market of Heparin-related products. DJI-Innovations occupies over 70% of the global share in the civilian UAV market, whereas UBTECH Robotics Corporation is a pioneer of intelligent humanoid robots, with a market value estimated at US$1 billion.

 
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