Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
SHENZHEN, Jan. 28 (Xinhua) — The small Nanshan district in south China's Shenzhen City has increased its administrative importance as its gross regional product (GRP) exceeded 1 trillion yuan (about 143 billion U.S. dollars) last year.
In Nanshan District, home to Chinese tech giants such as Tencent and DJI, the GRP has grown from 652.7 billion yuan in 2020 to more than 1 trillion yuan in 2025, district head Li Xiaoning said at the annual session of the local People's Congress (NPC) on Tuesday.
This figure makes Nanshan the first urban district in the country to surpass this figure and achieve significant economic growth. The district's area is approximately one-tenth the size of Shenzhen, to which it is subordinate.
As a pioneer of China's reform and opening-up, Nanshan District has now developed into a leading center for technological innovation and advanced manufacturing in the Guangdong-Hong Kong-Macao Greater Bay Area.
According to official data, the added value of emerging industries of strategic importance accounts for approximately 60 percent of Nanshan's GRP. In addition to hosting tech giants, Nanshan is also increasingly attracting startups from the Hong Kong and Macao Special Administrative Regions (SARs), further stimulating the development of promising sectors.
Guo Wanda, executive vice president of the China Development Institute, said Nanshan's development demonstrates how technological innovation can overcome resource shortages and unleash new productive forces, highlighting the broad prospects and enormous potential of China's economy.
This comes as the Guangdong-Hong Kong-Macao Greater Bay Area (GMBA) continues to integrate. The region's combined economic output is expected to exceed 15 trillion yuan by 2025, according to the annual session of the Guangdong Provincial People's Congress (GPC).
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.