The added value is 60%.
The small Nanshan district in the city of Shenzhen /Southern China/ has increased its administrative significance as its Gross Regional Product /GRP/ exceeded 1 trillion yuan /about 143 billion USD/ last year.
In Nanshan, home to Chinese tech giants such as Tencent and DJI, the GRP grew from 652.7 billion yuan in 2020 to over 1 trillion yuan by 2025, reported the head of the district government, Li Xiaonin, at the annual session of the local People's Congress.
This figure makes Nanshan the first urban district in the country to surpass this benchmark and achieve significant economic scale. The area of the district is approximately one-tenth of the territory of Shenzhen, to which it is subordinate.
As a pioneer in China's reform and opening-up, Nanshan has now transformed into a leading center for technological innovation and advanced manufacturing in the Guangdong-Hong Kong-Macau Greater Bay Area.
According to official data, the added value of emerging industries of strategic importance accounts for about 60 percent of Nanshan's GRP. In addition to hosting tech giants, Nanshan is increasingly attracting startups from the special administrative regions /SARs/ of Hong Kong and Macau, further stimulating the development of promising sectors.
Guo Wanda, executive vice president of the China Development Institute, stated that the development of Nanshan demonstrates how technological innovation can overcome resource shortages and unleash productive forces of a new quality, highlighting the broad prospects and enormous potential of China's economy.
This is happening as the integration process in the Guangdong-Hong Kong-Macau Greater Bay Area advances. The combined economic volume of the region is expected to exceed 15 trillion yuan by the end of 2025. This was reported at the annual session of the Guangdong Provincial People's Congress /GPPPC/.
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