Why Shenzhen can leap to the first industrial city?

In 2022, the city's industrial value added above the scale grew by 4.8% year-on-year. From the industry categories, above-scale mining, manufacturing, electricity, heat, gas and water production and supply industry added value growth of 14.7%, 4.1%, 9.5%, respectively.

Major industry categories, above-scale automotive manufacturing value added grew 104.5%, oil and gas extraction industry grew 13.6%, special equipment manufacturing industry grew 4.8%, computer, communications and other electronic equipment manufacturing industry grew 1.8%.

It is worth mentioning that Shenzhen's industrial output value and full-caliber value added for the first time to achieve "double first".

  • The value added of seven strategic emerging industries climbed to 1.3 trillion yuan step

The traditional advantageous industries iterative upgrade, manufacturing new forces more economic growth to bring "new momentum".
Statistics show that in 2022, the production of major high-tech products in Shenzhen continued to grow rapidly, including new energy vehicles, charging piles, civilian drones, 5G smartphone production increased by 183.4%, 113.8%, 34.7%, 22.3%, respectively.

Specialized new enterprises play a strong supporting role, the annual value added grew by 8.3% in total, contributing 22.1% to the value added of the city's regulated industry.

In the face of growth uncertainties, Shenzhen's economy is anchored for the future. 2022 will see many new industrial policies and major projects take root. 2022 will see the value added of the city's seven strategic emerging industries (20 industry clusters) climb to 1.3 trillion yuan, reaching 1,332,402 billion yuan, accounting for 41.1% of GDP, up 6.9% year-on-year and higher than the GDP growth rate by 3.6 percentage points. 3.6 percentage points higher than the GDP growth rate.

Some of the new industry clusters grew at a higher rate, including six clusters with double-digit growth in value added, such as intelligent network-connected vehicles (45.6%), new materials (21.4%), new energy (15.9%), software and information services (14.6%), high-end medical devices (12.4%) and marine economy (11.4%); the growth rate of new energy (15.9%) also increased quarter by quarter.

  • Market sales gradually rebounded

In 2022, the city's total import and export amounted to 36737.52 billion yuan, up 3.7% year-on-year. Among them, exports of 219.480 billion yuan, up 13.9%; imports of 147.972 billion yuan, down 8.5%. Among them, general trade imports and exports grew by 4.0%, accounting for 49.6% of the total imports and exports, the proportion increased by 0.2 percentage points compared with 2021.