Shenzhen: Speed up and efficiency increase of major project construction fixed assets investment

2023-10-17

From the Super Headquarters Base in Shenzhen Bay, along the east bank of the Pearl River Estuary, all the way from Dachan Bay Wharf to Shenzhen International Convention and Exhibition Center, Shenzhen in the golden autumn season is full of vigorous work. Famous enterprises are coming one after another, major projects are coming one after another, and industrial development is showing vigorous vitality. Tencent Music Headquarters Building, ByteDance Houhai Center, Tengchuang Future Project, Hytera Global Headquarters Building, Raytheon High end Precision Manufacturing Industry Headquarters... Recently, the list of major project plans for Shenzhen in 2023 was released, with 68 new projects and a total investment of more than 500 billion yuan. Major industrial projects are fully utilized, with strong economic momentum. From January to August this year, the city's fixed assets investment increased by 13.1% year on year, and 72.6% of the annual investment plan was completed for major projects. On September 28th, the Shenzhen Shantou High end Electronic Chemical Industry Park was officially awarded with a planned area of 1.84 square kilometers in the near future and 4 square kilometers in the long term. The park focuses on key raw materials in the semiconductor industry such as photoresists, electronic specialty gases, wet electronic chemicals, CMP materials, and advanced packaging materials, establishes a "5+3+1" industrial system, and focuses on building a core area for the development of the semiconductor material industry in Shenzhen Benchmark base for domestic electronic chemical parks. Manufacturing investment is the foundation and leading indicator for the formation of the supply capacity of the real economy. From January to August this year, Shenzhen's industrial investment showed a strong growth trend of 47.6%, with a significant driving effect of manufacturing investment, with a growth rate of 60.6%. Longgang District Energy Storage Industrial Park, Pinghu Cross border E-commerce Industrial Park, Feichi Intelligent Technology Industrial Park, Zhongshen Optoelectronic Intelligent Manufacturing Industrial Park, Henggang South "Industrial Upstairs", and Low Altitude Intelligent Integration Infrastructure Construction... Shenzhen continuously increases its project reserve efforts to ensure that there are a batch of projects under discussion, a batch of project contracts, a batch of projects under construction, and a batch of projects completed and put into operation at any time. The impressive growth rate of industrial investment is driven by demand, "said Yu Lingqu, Executive Director of the Financial Development and State owned Enterprise Research Institute of China (Shenzhen) Institute of Comprehensive Development. Shenzhen's industry, especially manufacturing, is mainly composed of high-tech industrial products, and the market demand is very strong. Driven by this, enterprises have a strong willingness to start new production lines and expand production capacity through investment; In the long run, the growth of investment in the manufacturing industry represents the transformation of industrial upgrading into new productivity, which will play an important driving role in the overall economic cycle and sustainable economic growth. Investment in high-tech industries is active, with a 67.7% increase in investment in Shenzhen's high-tech manufacturing industry from January to August. Among them, investment in electronic and communication equipment manufacturing increased by 69.8%. The driving force of the "new driving force" of the economy is still improving, and a batch of strategic and leading projects will cultivate new growth points, open up new fields and tracks for development, and continuously shape new driving forces and advantages for Shenzhen's development. Confidence is sufficient for private investment, and enhancing investment vitality is confidence. Not long ago, the Shenzhen Industrial Investor Conference was held, with over 500 national level funds and top financial institutions, investment institutions, professional institutions, and enterprises from both domestic and foreign countries participating. A series of high-value, large-scale, and practical cooperation projects were launched, with a total scale of over 6

Edit:Hu Sen Ming    Responsible editor:Li Xi

Source:ecns.cn

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