Shenzhen to be a center for high tech industries
Shenzhen will be positioning to be a center for innovations for world class high tech industries. To attain this goal Shenzhen must foster a cluster of big innovation enterprises that will lead their industries, while spending more attention on their small and medium sized enterprises.
A lot of enterprises are well known for their abilities to copy branded products and many of the copied products are innovative. Their only problem is on how to turn low end innovations into high end innovations. Shenzhen also needs to combine their innovations technology with the manufacturing industry to create a more modern manufacturing industry. Manufacturing enterprises are in great demand in China especially those with great innovation capabilities.
Considered as a secondary industry this should help maintain part of Shenzhen’s industrial structure even with the government imposing s tone in developing a modern service industry. A majority of people think that Singapore is the leader in the service industries, but their secondary industry is long accounted for at least thirty percent of their GDP growth that enabled sustainable economic growth.
Shenzhen must create a comprehensive industrial structure, that will feature a modern high end manufacturing and service industries in efforts to be an economic center. Experts say that Shenzhen’s future development have come to a crucial time to maintain a momentum after thirty years for robust economic growth. Challenges facing Shenzhen includes increasing population, limited land resources, unbalanced industrial structures and discouraging social management shenzhen must face this problems which are vital in transforming the city.