Southern Metropolis Daily Original Report
September 12, 2024
Shenzhen’s Baao District has emerged as a powerhouse in China’s drive towards industrial modernization, securing the second position in the national top 500 list for county-level industrial modernization, according to a recent report released by the Sichuan Branch of the China Academy of Information and Industrial Development (CAIIF).
A Resounding Achievement
The district’s robust performance is evident from its economic indicators. In the first half of this year, Baao’s value-added industrial output from large-scale industries grew by 10.1%. Notably, the computer, communication, and other electronic equipment manufacturing sector saw an increase of 14.6%, while the non-ferrous metal smelting and rolling processing industry surged by 48.9%. The metal products industry also experienced significant growth at 24.0%. Among the 13 industrial enterprises with a turnover of over 10 billion yuan, the value-added output increased by 22.3%. This comprehensive growth underscores the substantial achievements Baao has made in advancing industrial modernization.
A Strategic Focus on Innovation and Technology
Baao, known as an industrial powerhouse within Shenzhen, has been capitalizing on both domestic and international development opportunities. By leveraging its resources and strengths, the district has been driving significant changes in industrial quality, efficiency, and momentum. The strategic emerging industries in Baao have seen their added value reach 2592.48 billion yuan in 2023, marking a year-on-year increase of 19.5%. Companies like Xingwangda and Pengding have been selected for national-level smart manufacturing pilot projects, and several others, including Yingfeiyuan Energy Storage and Hanno Medical, are at the forefront of global technology with products like ECMO systems.
A Diverse and Thriving Industrial Ecosystem
The district’s industrial prowess is not limited to traditional manufacturing. Baao has also witnessed an explosive growth in the service sector. In 2023, large-scale service enterprises achieved an operating revenue of 3877.37 billion yuan, a growth of 31.7%. Notably, the revenue from the internet and related services increased by 34.6%, while the software and information technology services sector saw a massive jump of 88.4%. These figures indicate that Baao’s industry is rapidly moving towards智能化,绿色化, and integrated development, with traditional industries being constantly upgraded and strategic emerging industries continuously strengthening.
Recognition and Leadership
Baao’s leadership in the industrial sector has been consistently recognized. The district has topped several recent rankings, including being named the first in the national top ten PCB industry clusters and ranking fourth in the 2024 top 100 districts list. Additionally, Baao has secured a prominent position in several new planning initiatives, showcasing its potential and prominence.
A Focus on Cluster Development
The China Association of Industrial Economy’s president, Li Yizhong, emphasizes the importance of county-level economies and industries as the foundation of the national economy and industrial modernization. Baao has been successful in deeply embedding its industrial ecosystem within the regional urban agglomeration, aligning with dominant industries and fostering specialized and innovative Little Giant enterprises and manufacturing champions.
A Commitment to High-Quality Development
Baao’s rise to the top is not accidental but a result of its long-standing commitment to innovation and industrial upgrading. Over the past six years, the district has focused on promoting high-quality manufacturing development, aiming to build a world-class advanced manufacturing highland. By optimizing the business environment, improving policy systems, and strengthening innovation-driven strategies, Baao has provided an excellent growth environment for manufacturing enterprises.
Conclusion
Baao District’s success in the national industrial modernization rankings reflects its strategic focus on innovation, technology, and cluster development. As the global manufacturing landscape becomes increasingly competitive, Baao’s dedication to innovation-driven development and enhancing enterprise competitiveness has injected robust momentum into the high-quality growth of its manufacturing sector. The CAIIF report, which covers 2752 county-level administrative units across China, provides a comprehensive evaluation of the progress in industrial modernization at the county level, filling a gap in quantitative research in this area.
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