Zhang Yu

JeniZhang13@163.com

THIS year, Nanshan District is on track to achieve a regional GDP close to 1 trillion yuan (US$139.42 billion), according to a press conference centered on the district’s high-quality development Thursday.

As a trailblazer in China’s reform and opening up, Nanshan is a formidable economic, technological, and innovation powerhouse.

Li Xiaoning, head of the Nanshan District Government, stated at the conference that Nanshan remains steadfast and confident in its role as a “pacesetter” in the comprehensive deepening of reforms. The district is committed to leading the economic realm, accelerating Shenzhen’s development, and playing a pioneering role in China’s path to modernization.

Nanshan’s economy has seen steady growth. In 2023, the district’s local GDP reached 856.6 billion yuan, ranking it first among districts and counties in Guangdong Province and second nationwide. It has also secured the top spot among China’s top 100 innovative districts for seven consecutive years.

In the first half of this year, Nanshan reported a local GDP of 449.5 billion yuan, with a growth rate of 5%. It also led the city in fixed asset investment, totaling 77.82 billion yuan.

The district’s value added by large-scale industrial enterprises, an important economic indicator, went up 9.4% year on year in the first half of 2024.

Li emphasized that Nanshan will focus on advanced manufacturing and modern service industries, expedite the establishment of a modern industrial system, and vigorously foster new quality productive forces.

The district aims to add three national-level “single champion” enterprises in the manufacturing industry and 50 top performers among specialized, high-end, and innovation-driven small and medium-sized enterprises that provide distinctive products or services within the year, while also increasing the total number of national high-tech enterprises to over 5,500.

By 2025, Nanshan is committed to increasing the added value of the service industry in the region to more than 700 billion yuan and cultivating two additional 100-billion-yuan industrial clusters.