Shen­zhen to build over­seas in­dus­trial in­no­va­tion cen­ters

China Daily (Hong Kong) - - BUSINESS - By ZHOU MO in Shen­zhen sally@chi­nadai­

Shen­zhen will ac­cel­er­ate the con­struc­tion of a num­ber of over­seas and in­dus­trial in­no­va­tion cen­ters this year as part of its ef­forts to ramp up in­no­va­tion-driven eco­nomic growth.

The city in south­ern Guang­dong prov­ince plans to build 10 over­seas in­no­va­tion cen­ters in coun­tries and re­gions where there are abun­dant re­sources — such as the US, Canada and Europe — to ab­sorb and make use of the in­no­va­tive skilled staff lo­cated there.

Shen­zhen Mayor Xu Qin mapped out the ini­tia­tive in his gov­ern­ment work re­port on Fri­day, when the Shen­zhen peo­ple’s congress kicked off.

“We will for­mu­late spe­cial plans to sup­port en­ter­prises and or­ga­ni­za­tions, to set up 10 in­no­va­tion cen­ters over­seas to cre­ate an international col­lab­o­ra­tive in­no­va­tion plat­form and gather in­no­va­tive tal­ent from across the world,” Xu said, adding that the first four will start con­struc­tion this year.

“To im­ple­ment the ac­tion plans of In­ter­net Plus and ‘Made in China 2025’, we also plan to build 10 man­u­fac­tur­ing in­no­va­tion cen­ters in such ar­eas as robotics, 3D print­ing and new en­ergy ve­hi­cles to en­hance our ca­pa­bil­ity in high-end, pre­cise and smart man­u­fac­tur­ing,” Xu added.

Known as the coun­try’s in­no­va­tion hub, Shen­zhen has been tak­ing the lead in China in pur­su­ing an in­no­va­tion-driven eco­nomic de­vel­op­ment model.

In­vest­ment in re­search and de­vel­op­ment by the city amounted to more than 80 bil­lion yuan ($11.6 bil­lion) last year, ac­count­ing for 4.1 per­cent of its to­tal gross do­mes­tic prod­uct. The num­ber of its na­tional high-tech com­pa­nies in­creased by 2,513 in 2016, triple the growth a year ear­lier, to 8,037.

Shen­zhen’s in­vest­ment in R&D in 2016

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