China-Shenzhen/Institutional Advantages

Institutional advantages help transform Shenzhen into China's economic hub over four decades

  • English

Shotlist


FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots of cityscape, buildings

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
2. SOUNDBITE (Chinese) Sun Huaming, deputy director, Municipal Party Committee Reform Office (starting with shot 1):
"Shenzhen was born for reform, and it bloomed because of reform. It is the city of reform. It was born as a special (economic) zone."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
3. Various of old footage of construction in Shenzhen
4. Fast motion of construction in progress
5. Various of old footage of vehicles on road, board reading "Time is money, efficiency is life"
6. Time-lapse footage of cityscape
7. Aerial shots of cityscape, buildings, traffic

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
8. Man entering building
9. Staff at front desk of China Commercial Law Firm
10. Staff delivering paperwork to Gao Shu, principle partner of China Commercial Law Firm
11. SOUNDBITE (Chinese) Gao Shu, principle partner, China Commercial Law Firm:
"I think only places like Shenzhen could handle trial and error and fault tolerance mechanism like this."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
12. Cityscape
13. Various of building under construction, machinery, sun rising
14. Various of cityscape
15. Various of old footage of workers
16. Aerial shot of vehicles, board reading "Time is money, efficiency is life"
17. Various of buildings

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
18. Exterior of Shenzhen Institutes of Advanced Technology
19. SOUNDBITE (Chinese) Pan Haobo, deputy director, Institute of Biomedicine and Technology, Shenzhen Institutes of Advanced Technology, Chinese Academy of Sciences (starting with shot 18):
"I think the fact that Shenzhen has established an angel fund when applying scientific and technological findings to practical use has left me with a deep impression. I think this marks the first time that China has proposed a real angel fund to help commercialize research and development deliverables."
20. SOUNDBITE (Chinese) Sun Huaming, deputy director, Municipal Party Committee Reform Office (ending with shots 21-24):
"Technology and innovation is a feature of Shenzhen. We have formed a combination of basic research, technology breakthroughs and industries, commercializing deliverables that is supported by technology and talent. The innovation industry chain that covers the entire process has bred a batch of world-class innovation enterprises."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
21. Various of machines at exhibition
22. People discussing things
23. High-tech machine
24. Various of machines at exhibition, visitors
25. Various of cityscape

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
26. SOUNDBITE (Chinese) Fang Tao, executive vice president, Shenzhen Charity Federation (starting with shot 25/ending with shot 27):
"The philanthropy environment is operating in line with matching politics and economy. The first reason that Shenzhen could achieve so many economic wonders is that behind them lies a guiding system, a principle that has brought people to consensus. It requires all kinds of systems to ensure that the idea is practical and promotable."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
27. Aerial shot of sign reading "Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone"
28. Aerial shot of buildings
29. Aerial shot of sign reading "Guangdong pilot free trade zone"
30. Chinese national flag, other flags

Storyline


South China's Shenzhen City, a vanguard of China's development as a reform and opening-up paragon, has transitioned from a small fishing village to a modern metropolis as rafts of reforms were rolled out to constantly improve its business system over the past four decades.

Shenzhen has been one of China's many great economic miracles as it created countless firsts on the Chinese mainland, including the first land auctioned, the first stock issued and the first export industrial zone set up after the founding of the People's Republic of China in 1949.

On August 26, 1980, the Standing Committee of the fifth National People's Congress, the national legislature, approved the establishment of special economic zones in several provinces and cities, Shenzhen being one of them.

Since then, Shenzhen has been aiming high as its development path widened from the simplest form to encompass more fields consisting of not only industry and commerce, but also agriculture and tourism.

Endowed with the courage of boldly looking for breakthroughs via institutional advantages, Shenzhen once implemented a policy that had the features of processing with supplied materials, processing with supplied designs, assembling with supplied parts and compensation trade.

"Shenzhen was born for reform, and it bloomed because of reform. It is the city of reform. It was born as a special (economic) zone," said Sun Huaming, deputy director of the Municipal Party Committee Reform Office.

By the end of 1993, Shenzhen authorities decided to embark on a new journey of innovation. Back then, spawning opportunities had brought the first wave of cooperating law offices to the city, shattering the old-fashioned work mode.

"I think only places like Shenzhen could handle trial and error and fault tolerance mechanism like this," said Gao Shu, principle partner of China Commercial Law Firm.

In the wake of supporting policies and more ambitious entrepreneurs coming to cash in on the upsurge of the Chinese economy, Shenzhen has seen exponential growth over the years.

From 1979 to 2019, Shenzhen's gross domestic output (GDP) rose at an annual growth rate of 21.6 percent to 2.69 trillion yuan (about 388.89 billion U.S. dollars), its per capita GDP also skyrocketed from 606 yuan to 203,489 yuan.

In February last year, the great game went on as Chinese authorities unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to develop the region into "a role model of high-quality development."

In the plan, Shenzhen was listed as one of the four core cities, along with Hong Kong, Macao and Guangzhou, to become core engines for regional development and strengthen the radiating effect in leading the development of nearby regions.

"I think the fact that Shenzhen has established an angel fund when applying scientific and technological findings to practical use has left me with a deep impression. I think this marks the first time that China has proposed a real angel fund to help commercialize research and development deliverables," said Pan Haobo, deputy director of the Institute of Biomedicine and Technology with Chinese Academy of Sciences’ Shenzhen Institutes of Advanced Technology.

"Technology and innovation is a feature of Shenzhen. We have formed a combination of basic research, technology breakthroughs and industries, commercializing deliverables that is supported by technology and talent. The innovation industry chain that covers the entire process has bred a batch of world-class innovation enterprises," said Sun.

In August last year, Shenzhen received a new mission as a guideline issued by the Communist Party of China Central Committee and the State Council said the city will be built into a pilot demonstration area of socialism with Chinese characteristics.

This means that high hopes are placed on Shenzhen to become a well-rounded city that might become an engine for the Guangdong-Hong Kong-Macao Greater Bay Area's development into a vibrant world-class city cluster.

While optimizing its own business environment, Shenzhen has attached great importance to the promotion of ecological progress to achieve sustainable development. So far, it has also grown into a city of care, charity and volunteers.

"The philanthropy environment is operating in line with matching politics and economy. The first reason that Shenzhen could achieve so many economic wonders is that behind them lies a guiding system, a principle that has brought people to consensus. It requires all kinds of systems to ensure that the idea is practical and promotable," said Fang Tao, executive vice president of Shenzhen Charity Federation.

DOWNLOAD
  • ID : 8161992
  • Dateline : Recent/File
  • Location : Shenzhen,Guangdong,China
  • Category : economy, business and finance
  • Duration : 2'42
  • Audio Language : Chinese/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Published : 2020-10-18 02:04
  • Last Modified : 2020-10-18 06:04:05
  • Version : 3

China-Shenzhen/Institutional Advantages

Institutional advantages help transform Shenzhen into China's economic hub over four decades

Dateline : Recent/File

Location : Shenzhen,Guangdong,China

Duration : 2'42

  • English


FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots of cityscape, buildings

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
2. SOUNDBITE (Chinese) Sun Huaming, deputy director, Municipal Party Committee Reform Office (starting with shot 1):
"Shenzhen was born for reform, and it bloomed because of reform. It is the city of reform. It was born as a special (economic) zone."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
3. Various of old footage of construction in Shenzhen
4. Fast motion of construction in progress
5. Various of old footage of vehicles on road, board reading "Time is money, efficiency is life"
6. Time-lapse footage of cityscape
7. Aerial shots of cityscape, buildings, traffic

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
8. Man entering building
9. Staff at front desk of China Commercial Law Firm
10. Staff delivering paperwork to Gao Shu, principle partner of China Commercial Law Firm
11. SOUNDBITE (Chinese) Gao Shu, principle partner, China Commercial Law Firm:
"I think only places like Shenzhen could handle trial and error and fault tolerance mechanism like this."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
12. Cityscape
13. Various of building under construction, machinery, sun rising
14. Various of cityscape
15. Various of old footage of workers
16. Aerial shot of vehicles, board reading "Time is money, efficiency is life"
17. Various of buildings

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
18. Exterior of Shenzhen Institutes of Advanced Technology
19. SOUNDBITE (Chinese) Pan Haobo, deputy director, Institute of Biomedicine and Technology, Shenzhen Institutes of Advanced Technology, Chinese Academy of Sciences (starting with shot 18):
"I think the fact that Shenzhen has established an angel fund when applying scientific and technological findings to practical use has left me with a deep impression. I think this marks the first time that China has proposed a real angel fund to help commercialize research and development deliverables."
20. SOUNDBITE (Chinese) Sun Huaming, deputy director, Municipal Party Committee Reform Office (ending with shots 21-24):
"Technology and innovation is a feature of Shenzhen. We have formed a combination of basic research, technology breakthroughs and industries, commercializing deliverables that is supported by technology and talent. The innovation industry chain that covers the entire process has bred a batch of world-class innovation enterprises."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
21. Various of machines at exhibition
22. People discussing things
23. High-tech machine
24. Various of machines at exhibition, visitors
25. Various of cityscape

Shenzhen City, Guangdong Province, south China - Recent (CCTV - No access Chinese mainland)
26. SOUNDBITE (Chinese) Fang Tao, executive vice president, Shenzhen Charity Federation (starting with shot 25/ending with shot 27):
"The philanthropy environment is operating in line with matching politics and economy. The first reason that Shenzhen could achieve so many economic wonders is that behind them lies a guiding system, a principle that has brought people to consensus. It requires all kinds of systems to ensure that the idea is practical and promotable."

FILE: Shenzhen City, Guangdong Province, south China - Exact Date Unknown (CCTV - No access Chinese mainland)
27. Aerial shot of sign reading "Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone"
28. Aerial shot of buildings
29. Aerial shot of sign reading "Guangdong pilot free trade zone"
30. Chinese national flag, other flags


South China's Shenzhen City, a vanguard of China's development as a reform and opening-up paragon, has transitioned from a small fishing village to a modern metropolis as rafts of reforms were rolled out to constantly improve its business system over the past four decades.

Shenzhen has been one of China's many great economic miracles as it created countless firsts on the Chinese mainland, including the first land auctioned, the first stock issued and the first export industrial zone set up after the founding of the People's Republic of China in 1949.

On August 26, 1980, the Standing Committee of the fifth National People's Congress, the national legislature, approved the establishment of special economic zones in several provinces and cities, Shenzhen being one of them.

Since then, Shenzhen has been aiming high as its development path widened from the simplest form to encompass more fields consisting of not only industry and commerce, but also agriculture and tourism.

Endowed with the courage of boldly looking for breakthroughs via institutional advantages, Shenzhen once implemented a policy that had the features of processing with supplied materials, processing with supplied designs, assembling with supplied parts and compensation trade.

"Shenzhen was born for reform, and it bloomed because of reform. It is the city of reform. It was born as a special (economic) zone," said Sun Huaming, deputy director of the Municipal Party Committee Reform Office.

By the end of 1993, Shenzhen authorities decided to embark on a new journey of innovation. Back then, spawning opportunities had brought the first wave of cooperating law offices to the city, shattering the old-fashioned work mode.

"I think only places like Shenzhen could handle trial and error and fault tolerance mechanism like this," said Gao Shu, principle partner of China Commercial Law Firm.

In the wake of supporting policies and more ambitious entrepreneurs coming to cash in on the upsurge of the Chinese economy, Shenzhen has seen exponential growth over the years.

From 1979 to 2019, Shenzhen's gross domestic output (GDP) rose at an annual growth rate of 21.6 percent to 2.69 trillion yuan (about 388.89 billion U.S. dollars), its per capita GDP also skyrocketed from 606 yuan to 203,489 yuan.

In February last year, the great game went on as Chinese authorities unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to develop the region into "a role model of high-quality development."

In the plan, Shenzhen was listed as one of the four core cities, along with Hong Kong, Macao and Guangzhou, to become core engines for regional development and strengthen the radiating effect in leading the development of nearby regions.

"I think the fact that Shenzhen has established an angel fund when applying scientific and technological findings to practical use has left me with a deep impression. I think this marks the first time that China has proposed a real angel fund to help commercialize research and development deliverables," said Pan Haobo, deputy director of the Institute of Biomedicine and Technology with Chinese Academy of Sciences’ Shenzhen Institutes of Advanced Technology.

"Technology and innovation is a feature of Shenzhen. We have formed a combination of basic research, technology breakthroughs and industries, commercializing deliverables that is supported by technology and talent. The innovation industry chain that covers the entire process has bred a batch of world-class innovation enterprises," said Sun.

In August last year, Shenzhen received a new mission as a guideline issued by the Communist Party of China Central Committee and the State Council said the city will be built into a pilot demonstration area of socialism with Chinese characteristics.

This means that high hopes are placed on Shenzhen to become a well-rounded city that might become an engine for the Guangdong-Hong Kong-Macao Greater Bay Area's development into a vibrant world-class city cluster.

While optimizing its own business environment, Shenzhen has attached great importance to the promotion of ecological progress to achieve sustainable development. So far, it has also grown into a city of care, charity and volunteers.

"The philanthropy environment is operating in line with matching politics and economy. The first reason that Shenzhen could achieve so many economic wonders is that behind them lies a guiding system, a principle that has brought people to consensus. It requires all kinds of systems to ensure that the idea is practical and promotable," said Fang Tao, executive vice president of Shenzhen Charity Federation.

ID : 8161992

Published : 2020-10-18 02:04

Last Modified : 2020-10-18 06:04:05

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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