Shenzhen nails it in 2019

Shenzhen Mayor Chen Rugui delivered the city’s preliminary annual Work Report yesterday at the Civic Center in Futian district. It yielded some interesting highlights, with numbers that might sound mind-boggling to Hongkongers. The full report will only come next month, once economic data has been properly audited. Highlights included:

  1. Economic growth
  • GDP for 2019 was expected to be around 7%, but would likely fall to around 6.5% in the coming year;
  • Public budget revenue grew 6.5% in 2019, but would likely fall to 4.5% growth in 2020;
  • However, education and medical expenses would rise in 2020, by 16% and 15%, respectively;
  • Per-capita disposable income of residents rose by 8.5% in 2019;
  • Profits of industrial enterprises with annual revenue above 20 million yuan rose by more than 10% in 2019;
  • Over 500,000 commercial entities were registered in 2019, taking the total to 3.2 million;
  • More than 280,000 new “talents” were introduced to the city in 2019;
  • More than 150,000 new jobs would be created in 2020, keeping unemployment below 3%.
  1. Education
  • Primary and secondary schools: 60,000 new places were created at 40 new campuses in 2019; these numbers will rise by 210,000 and 60,000, respectively, in 2022;  
  • Kindergartens: 21,000 new places were created at 63 new schools in 2019; this number will rise to 20,000 in 2020;
  • Colleges and universities: Construction began on the Shenzhen Institute of Technology, Shenzhen Institute of Innovation and Design, and Shenzhen Conservatory of Music of the Chinese Academy of Sciences. The Shenzhen campus of Sun Yat-sen University was basically completed, and new projects were launched to design and build the Shenzhen Institute of Peking University Cambridge and the Shenzhen Institute of Advanced Technology of Shenzhen University.
  1. Healthcare
  • 83 projects were built, renovated or expanded, adding 3,800 hospital beds; 
  • In 2020, another 8,000 new beds and two new 3A hospitals will be added;
  • The average price of 25 centralized procurement pilot medicines was reduced by 52%;
  • Electronic health cards and electronic social security cards may be integrated.
  1. Housing
  • More than 90,000 units of public housing were built in 2019;
  • Another 80,000 public housing units will be built in 2020, while the remaining 400 urban villages will be placed under renovation.
  1. Environment
  • Shenzhen was the first city in China to eliminate black and smelly water, and became one of top 10 cities for water environment improvement. 
  • The average PM2.5 concentration fell to 24 micrograms per cubic meter, the best since monitoring data began in 2006.
  1. Business promotion
  • At the global investment conference, 128 projects were signed on site with a total investment of over 560 billion yuan;
  • Implemented tax and fee reductions of more than 110 billion yuan throughout the year;
  • Major construction projects under way include the Ocean City near the airport in Bao’an, the New City Center in Qianhai, the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone (in Huanggang/Lok Ma Chau), and Bright Science City (in Guangming). These are multi-billion-dollar efforts that will transform the city as a science and technology center.
  1. Advanced digital government – smart cities
  • Shenzhen launched 50 key core technology projects; 
  • Number of international patent applications for PCT and the maintenance rate of valid invention patents for more than 5 years ranked first in China; 
  • More than 2,700 National High-Tech Enterprises were added, with a total of more than 17,000, second only to Beijing.
  • Emerging industries such as 5G, artificial intelligence and blockchain are leading the country;
  • Shenzhen ranks first in overall “smart city” construction.

Read more (in Chinese):

Nanfang Daily

Shenzhen Daily

Eastmoney

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