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Shenzhen Becomes High-tech Industrial Base
After ten-year development, Shenzhen has developed into southern China's high-tech industrial base.
Since the early 1990s, the Shenzhen municipal government adopted the experiences of other countries and made high-tech its top priority. It passed a series of regulations to develop three major industries: electronics and IT, bio-engineering and new material science. They built a 11.5 square kilometer high-tech industrial park. And they introduced preferential policies, giving stock options, to support the development of the high-tech industry.
Currently, Shenzhen set up a multi-layer high-tech investment system, where the government is the "head," the enterprises the main body and banks the support. In 1999, they approved three high-tech projects worth 420 million yuan, a 126.7% increase from the previous year.
Shenzhen has established technology research and development (R&D) system centered around enterprises, to promote the integration of technology into the economy. There are more than 700 R&D organizations in the entire city, 93% of which belong to enterprises. In addition, the city of Shenzhen jointly operates the Chinese Academy of Science and Technology R&D Institute with the Ministry of Science and Technology; Science and Technology Industrial Park with Chinese Academy of Science, Bio-engineering Industrialization Base with China's Academy of Military and Medicine Science, Shenzhen-Tsinghua Institute with Tsinghua University, and Shenzhen-Hongkong Research Base of Industry Science. Altogether, more than twenty famous universities in China are housed in the Shenzhen Virtual University Park and advance the progress of science.
There are more than 100 projects in the national "Torch" project to support China's high-tech industry. There are more than 20 fields including information technology, bio-engineering and new material science, of "863" achievements. Furthermore, multinational corporations like IBM, Lucent, Hitachi, Philip, Dupont, HP invent and Epson have already up high-tech industrial enterprises in Shenzhen.
Shenzhen's major high-tech products have a relatively high market share in domestic and foreign markets. Statistics show that Shenzhen's high-grade computers contribute to 16% of the national output, program control switchboard account for 60%, and Huawei Technolgies Co.'s telecommunications relay products accounted for more than 25% of China's market share. In addition, Kingee's financial software is one of the best among Chinese financial software.
Moreover, the output of computer monitors, printers, mobile phones, hardware drive, magnetic resonance imaging (MRI), genetic engineering interferons, and hepatitis B bacteria play a prominent role in China economy. 10,000 program controlled switchboards began wholesale export in 1997. Gamma bistouries of Our International Co.'s high-grade medical equipment was the first to break into the American market. It ranks sixth in output in the medical equipment industry worldwide. Shenzhen's production of magnetic head accounts for a third of the world's output.
Compared with the early 1990s, the output value of Shenzhen's high-tech products have increased at an annual rate of more than 50%. Shenzhen's high-tech industry has become the primary engines of the city's economic growth, especially the five major industries: electronic IT, bio-engineering, integration of machinery and electricity and laser. Last year, Shenzhen's total high-tech output value reached 81.98 billion yuan, more than 4.6-times that of five years ago. The gross value of industrial output grew from 15.2% to 20.5%. The amount of high tech exports was US$5.13 billion, roughly a 16% increase from last. During the first half, output value of Shenzhen's high tech industry totaled 42.3 billion yuan, up 24% from the first half of last year.
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