Shenzhen leads tech revolution Industry

Shenzhen leads tech revolution Industry 1

SHENZHEN: The southern city of Shenzhen is the symbol of the transformative reforms launched by China 40 years ago: former fishing villages that morphed into a manufacturing hub.

Today Shenzhen is again at the heart of a new policy aimed at turning China into a hi- innovator and shed its reputation as an assembly line for foreign companies or – worse – an imitator.

Modern skyscrapers housing corporations and ambitious startups tower over the mega-city of 13 million people – among them is Wu Yebin, 35, who runs his own tech firm from his 35th floor office.

His own story mirrors those of countless others who have risen from modest backgrounds following the reforms spearheaded by late paramount leader Deng Xiaoping, which the Communist Party ratified on December 18, 1978.

The son of poor farmers, Wu arrived in the city in 2005 and over the years he assembled devices similar to Apple’s iPad or MacBook, joining Shenzhen’s army of people making “shanzhai” – creative knock-offs of foreign electronics affordable for population.

“Germany, the United States, Japan, South Korea… All developed countries have done this to develop their manufacturing industry,” Wu said. “You have to do that to gain experience.”

While this economic model used to be “very popular, it is no longer viable today,” he said.

He now leads his own electronics firm, MeegoPad, which boasts an annual turnover of $28 million making products such as miniature PCs.

“We are now very attached to intellectual property and patents,” Wu said.

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Shenzhen, which lived off fishing and rice paddies, became a testing ground for Deng’s reforms when it was designated as the country’s first Special Economic Zone in 1980.

It grew into a massive manufacturing centre, with factories churning out gadgets, computers and phones for foreign firms, which today include Apple and Samsung.

Today China’s own global corporations, such as company Huawei and internet giant Tencent, have made Shenzhen their headquarters and the city of tens of thousands of factories is dubbed the “Silicon Valley of Hardware”.

The metropolis is now seeking to reinvent itself as the home of Chinese innovation, in line with Beijing’s “Made in China 2025” plan to dominate key hi-tech industries such as robotics, electric vehicles and artificial intelligence.

“China is becoming a world leader in this field,” Wu said. “Shenzhen is turning into a meeting point for creative engineers from around the world.”

Shenzhen leads tech revolution Industry 4

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