Shenzhen, in keeping with its development as a modern city, has built a new industrial infrastructure, with high-tech industry and advanced manufacturing as its base and modern tertiary industry as its backbone.
Industrial Structure
Shenzhen has formed a modern industrial “aircraft carrier group,” which has the high-tech industry as its “aircraft carrier,” and other advanced industries as its “escort ships.” The total value-added output of the city’s four pillar industries made up 54.4 percent of its GDP in 2006, an increase of 4.6 percent over the previous year. The city’s productive service industries are also highly advanced. Its modern financial sectors, including banking, securities and insurance, provide enough industrial capital, while the modern logistics network, comprising seaports, airports, free trade zones, export processing zones, and customs-supervised warehouses, leads Shenzhen to the international market
Investment Structure
There is growth in the city’s fixed asset investment. In 2006, the city’s fixed asset investment totaled 127.367 billion yuan, up 7.8 percent over the previous year. Of that figure, the investment in the first industry was 33 million yuan, an increase of 43.7 percent over the previous year; the investment in the second industry reached 45.019 billion yuan, up 20.9 percent; and the investment in the third industry amounted to 82.315 billion yuan, an increase of 1.8 percent.
Ownership Structure
Shenzhen is striving to improve its basic economic system, which takes public ownership as its main body and encourages joint development of multiple forms of ownership. The city has cultivated a number of large-scale State-owned enterprises and listed companies, which are domestically and internationally competitive. While striving to attract more foreign investment, Shenzhen endeavors to standardize rural collective share-holding enterprises, and encourage the development of private and individual businesses, with priority given to the development of private high-tech enterprises. The ownership of State-owned enterprises is being diversified.