Shenzhen sustains hi-tech growth
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Now in its 11th year, Shenzhen's successful China Hi-Tech Fair (CHTF) will be held from November 16 to 21 in the city bordering Hong Kong.
Hosted at the Shenzhen Convention and Exhibition Center, this year's theme highlights innovation.
The largest exhibition in China showcasing technological achievements, the show also includes trade opportunities, forums and investment projects.
Organizers said the hi-tech gala has accelerated mass production and globalization of China's technological advancements and been crucial in promoting economic and technology exchange between countries and regions.
In the blueprint for the reform and development of Pearl River Delta area from 2008 to 2020, the State Council has now set a bigger goal for CHTF organizers to build the fair into a world-leading exhibition.
"As the host of a popular hi-tech fair, Shenzhen has attached great importance to hi-tech industries, encouraging companies to build their own brands, develop products with patents and self-owned property rights and make products with high added value," said Wang Xuewei, director of the Shenzhen commission for technology, industry, trade and information.
According to official figures, the hi-tech output value in Shenzhen increased by 500 billion yuan to more than 800 billion yuan from 2004 to 2008, an average annual growth rate of 27.8 percent.
The city's hi-tech output value continued to lead the country last year with a record-high 871 billion yuan, accounting for one-sixth of the country's total. The lion's share came from electronics and information technology, which generated almost 784 billion yuan, up 13 percent from a year previous.
The figures reflect the large number of hi-tech companies in Shenzhen with strong performance.
Of the city's 3,086 hi-tech companies, 621 each have annual revenue of more than 100 million yuan, while 85 report more than 1 billion yuan and two generate more than 100 billion yuan, according to official figures.
In 2008, the telecom equipment market leader Huawei Technologies achieved contract sales of 159 billion yuan, a surge of 46 percent over the year previous.
ZTE, another leading telecom equipment maker listed on both the Shenzhen and Hong Kong stock markets, recorded an annual increase of 27.4 percent in sale revenue to hit 44.3 billion yuan last year.
From January to May this year, both again registered sharp increases in revenues, with Huawei growing 33 percent to 53.9 billion yuan and ZTE increasing 75.2 percent to about 21.8 billion yuan.
Led by the two giants and other market leaders, the entire electronics and information industry in Shenzhen recorded respectable growth this year despite the global economic downturn.
The industrial output value of the sector rose 9.9 percent year-on-year in the first seven months, according to official figures.
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