Shenzhen offers a snapshot of this vibrant high-tech trade story. Total R&D spending in the city grew at an average annual rate of 12.9 percent from 2020 to 2024, and R&D intensity reached 6.67 percent, the highest among Chinese cities. The Shenzhen-Hong Kong-Guangzhou innovation cluster has also topped the Global Innovation Index rankings.
Cooperation between Shenzhen and its Asia-Pacific partners advances along a well-defined track, featuring manufacturing, research and talent development, and the practical application of technology, said Chen Jiaxi, vice-president of the Shenzhen Reform and Opening Up Executive Leadership Academy.
"The Shenzhen meeting will send a clear signal: China's commitment to high-standard opening up, to sharing opportunities with the Asia-Pacific, and to multilateralism remains firm," said Chen, who is also a professor at Shenzhen University.
