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Economic restructure boosts Shenzhen's economy

07-14-2010 08:59 BJT Special Report:30 Anniversary of Shenzhen SEZ |

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The special economic zone of Shenzhen recorded steady growth in the first half of this year. The city's industrial output, export, investment and expenditure increased during the 6-month period, thanks to the ongoing economic restructure.

Emerging industry is a key focus in the development of Shenzhen's economy. The local government has made economic restructuring a top priority. It's set up funds to boost the development of emerging industries including biology, new energy and Internet. The government is also boosting development for these industries by implementing supporting policies.

Yin Yong, Official of Shenzhen Science, Industry and Trade Comm. said "We should speed up putting these supporting policies into effect, and integrate policies on science and technology, industry, trade and human resources into an all-round supporting policy to further develop the emerging industries."

Shenzhen also plans to invest more than 300 billion yuan in advanced technology projects. It will optimize the city's economic structure.

Shenzhen's economy increased by more than 11 percent year on year, to more than 420 billion yuan by the end of the first half of this year.

Editor:Xiong Qu |Source:

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