The Pak Banker

Silicon Valley of China makes dreams a reality

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Jamie Salter grew up in London and studied in Cambridge. But it was Shenzhen, a city in south China's Guangdong province known as the "Silicon Valley of China" that made his dream a reality. "I don't just stay in London or go to San Francisco" because "if you care about speed and you need quality, then Shenzhen has the supply chain and the network and experience already," said Salter, a vice-president with hardware startup Carv.

Once a small fishing town, Shenzhen, after four decades of reform and openingup, has gradually become a global hardware center and hub for scientific and technologi­cal advances, where skyscraper­s appear commonplac­e and the population has surged past 13 million. Like Salter, every foreign resident living in Shenzhen has their reason for staying.

When the young British entreprene­ur came to Shenzhen for the first time, he was blown away by the heightened difference­s compared to home.

"Crazy new technology is moving around and there are loads of people, and it's always busy," he said. His destinatio­n upon arrival was HAX, an American company investing in hardware startups based in the city and San Francisco.

The workshop is divided up into openplan offices where young entreprene­urs like Salter are hard at work developing their first prototypes, using components from the electronic market just downstairs.

Nikita Iliushkin, another HAX protege from Canada, who is currently working on a new type of drone, pointed out the advantages of Shenzhen for fledgling companies. "Here all the various suppliers work much, much faster," Iliushkin said. "We are able to iterate so much faster being here." "One week in Shenzhen is like one month everywhere else," he said.

Today, Shenzhen is known for its hardware expertise, thanks to its huge number of factories and resellers. It also has one of the world's most developed hardware industry chains and abundant intellectu­al capital.

"As a hardware startup, you don't have much money, and partly because of that, you do not have much time, you need to get to market quickly," Salter said. "So the best place to do that is, without a doubt, Shenzhen." His company now has devised a digital sports coach that analyzes skiing techniques in real-time providing feedback on the slopes. With China's successful bidding for the 2022 Winter Olympic Games and the country's plans to encourage"300 million people to join in ice and snow sports", Salter dreams bigger in China.

"Chinese skiing would offer real potential for us," he said.

Wolfgang Egger, a world-famous German car designer, is also building his dreams with BYD, a Shenzhen-headquarte­red electric vehicle maker.

Sitting in the BYD global design center, Egger, who proposed building the center, said that as a designer with experience in different companies and brands, "to have this opportunit­y to create something like this from nothing is a big challenge that I need." That is the main reason why he joined the Chinese car manufactur­er three years ago.

At that time, the "electric car trend in the rest of the world was not so strong" while China was a leader, Egger said. "I was looking to really do a project on the identity and on the electrical future," he said. "BYD is the best option I could have."

At the Shanghai Internatio­nal Automobile Industry Exhibition in April, BYD debuted its E-SEED GT electric concept car with a "Dragon Face" design.

Such details as "dragon-scales" feature on the car's door panels, headlights resembling "dragon whiskers," and a "dragon ridge" on its roof and tail, were inspired by a symbol of dragons in China's Hongshan culture that dates back thousands of years.

Behind the

eye-catching

design

is

Egger and his team's desire to "look for inspiratio­n for the brand's identity in Chinese culture". A voracious reader of Chinese traditiona­l tales, BYD named several of its car lines after dynasties in Chinese history. Shenzhen was also designated as a United Nations Educationa­l, Scientific and Cultural Organizati­on City of Design in 2008, the first of its kind in China.

"The concept of modern Chinese design was gradually created in Shenzhen and has increasing­ly become a part of the city residents' lives," UNESCO said on its website. "From my point of view, Shenzhen could be, (and) should be the design capital in China," Egger said, adding all the elements are present, including technology, young people and emerging trends.

In August, Shenzhen, the trailblaze­r in China's reform and opening-up, received a new mission: to create a pilot demonstrat­ion area of socialism with Chinese characteri­stics. The southern Chinese city, one of China's first special economic zones set up in 1980, has since been widely dubbed the "Miracle of Shenzhen".

Official data showed that Shenzhen's GDP was only 196 million yuan ($28 million) in 1979, one year after China initiated reform and opening-up. In 2018, it soared to over 2.4 trillion yuan. Shenzhen's embrace with the world has helped the city grab the tail of globalizat­ion. The first Walmart- owned Sam's Club store on the Chinese mainland, which was opened in Shenzhen in 1996, has become the top Sam's Club store globally since 2008.

Globalizat­ion also enables internatio­nal talent to work and live in such fastdevelo­ping cities like Shenzhen.

At least five Nobel laureates have set up their research institutes in Shenzhen. Among them, Arieh Warshel, a Nobel laureate in chemistry in 2013, said, "Shenzhen has a lot of high technologi­es which allow you in principle to innovate and collaborat­e, (and) a lot of resources which help innovation."

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