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set to maintain its status as a leading innovation   expertise  in  high-tech  manufacturing .  To  boost
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           hub and promises to be a key player in Shenzhen¡¯s   the embodied intelligent robotics sector, Shenzhen
           journey toward becoming a smart, sustainable and   has formulated  a new action plan aiming for an
           globally competitive city.                         industrial  output  exceeding  RMB100  billion  by
                                                              2027 . To accelerate the development of the low-
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             Shenzhen        Socialist      Pioneering        altitude economy, the city unveiled an ambitious
           Demonstration Zone                                 plan to increase its low-altitude takeoff and landing
                                                              facilities from 249 to more than 1,200 by 2026 .
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             Shenzhen has experienced rapid development       Meanwhile, it plans to add  over 8,000 new 5G-A
           since the reform and opening up in 1979 and is now   base  stations  and  establish  a  comprehensive
           seeking to reinvent itself as the home of Chinese   network  integrating ¡°5G + millimeter wave +
           innovation.  Shenzhen¡¯s  GDP  reached  RMB3.68     satellite¡±  technologies  to  support  innovative
           trillion  (US$510  billion)  in  2024,  growing  5.8%   applications within the low-altitude economy over
           YoY , placing it among China¡¯s leading large- and   the next three years.
              48
           medium-sized cities. For three consecutive years,
           Shenzhen has ranked first nationwide in both total   According to the city¡¯s outline for its 14th Five-Year
           industrial output above designated size and value-  Plan (2021-2025) and long-term targets for 2035 :
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           added industrial output among cities. In H1 2025,
           Shenzhen maintained steady growth momentum,          ?    The government will achieve landmark
           with GDP expanding 5.1% YoY to RMB1.83 trillion    progress in  reforming key areas  and critical
           (US$256.20 billion). High-tech manufacturing       links, complete pilot reform tasks and provide
           led the growth, with outputs of civilian drones,   an important demonstration for institutional
           industrial  robots  and  3D  printing  equipment   building nationwide.
           surging 59.0%, 38.0% and 35.8%, respectively
           ?  underscoring  Shenzhen¡¯s  competitive  edge       ?    Improve systems and  mechanisms for
           in  intelligent  manufacturing.  Regarding  foreign   market-oriented  allocation of  factors: Support
           trade, imports hit a record high of RMB858.86      in-depth exploration of the land management
           billion and exports of high-tech products grew     system, enhance a labor mobility system suited to
           8% .  Private  enterprises  accounted  for  69.8%   the characteristics of a megacity, promote reform
             49
           of total trade and maintained stable exports       of the growth enterprise market and pilot the
           to  key  partners  such  as  ASEAN  countries .  To   registration system and explore new mechanisms
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           support exporters amid global tariff uncertainties,   for data property protection and utilization.
           Shenzhen implemented a new policy for cross-
           border e-commerce that allows refunds for goods      ?    Create a market-oriented, law-based and
           exported  through  overseas  warehouses.  Under    internationalized  business  environment:  Further
           this policy, cross-border e-commerce goods         improve a fair and open market environment, build a
           exported via overseas warehouses are eligible for   benchmark city for intellectual property protection,
           a ¡°refund upon departure¡± tax rebate.              enhance the administrative management system
                                                              and the legislation for special economic zones.
             To    improve    industrial  competitiveness,
           Shenzhen introduced a series of supportive policies   ?   Strengthen the environmental system
           leveraging the latest AI innovations. It plans to   for  scientific  and  technological  innovation:
           increase the output value of the city¡¯s AI application   Optimize  and  innovate  resource  allocation  and
           industry by at least RMB800 billion by 2026 and    management mechanisms,  and  establish  an
           accelerate  technology  breakthroughs  by  using  its
                                                              51  The government of Shenzhen, https://www.sz.gov.cn/
                                                              szzt2010/wgkzl/jcgk/jchgk/content/post_12053581.html
           48  The government of Shenzhen, https://www.sz.gov.  52  https://www.cnbayarea.org.cn/policy/policyrelease/
           cn/cn/xxgk/zfxxgj/zwdt/content/post_11981813.html  policies/content/post_1283112.html
           49  The government of Shenzhen, https://www.sz.gov.  53  Nanfang metropolis daily, https://baijiahao.baidu.
           cn/cn/xxgk/zfxxgj/tjsj/tjfx/content/post_12303214.html  com/s?id=1819908354339344674&wfr=spider&for=pc
           50  Commerce Bureau of Shenzhen, https://commerce.  54  The government of Shenzhen, http://www.sz.gov.
           sz.gov.cn/tzsz/yshjjc/content/post_12291382.html   cn/en_szgov/news/latest/content/post_8858253.html


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