Innovative SZ advantageous in blue ocean economy

Writer: Pang Zhongying  | Editor: Vincent Lin  | From: Shenzhen Daily | Updated: 2019-10-15

Pang Zhongying

Shenzhen should develop the marine economy in the 21st century both horizontally and vertically.

Horizontally, Shenzhen should go global and actively take part in the world’s marine economy and develop cooperation projects in the Indian Ocean and even Atlantic Ocean.

Vertically, from the surface of the sea to the bottom, Shenzhen should develop high-tech industries and promote the sustainable exploration of ocean resources. By relying on coastal waters and high seas, Shenzhen can promote the coordinated development of the marine economy.

Shenzhen is a city of innovation. It has advantages in talents, location, technologies, policies and infrastructure.

With the development of the demonstration area of socialism with Chinese characteristics, Shenzhen will become one of the most innovative cities in the world in the future.

The 21st century is the century for the marine economy. With the development of modern science and technologies, the marine economy is developing quickly at a global level. It has become a new engine for economic growth, industry upgrading and innovation. It is estimated that the industrial volume of the global marine economy will reach US$3 trillion. China, as a country with rich ocean resources, will promote the sustainable development of the marine economy by expanding its industrial network under the Belt and Road Initiative and constructing a shared community of marine destiny.

(Pang Zhongying, Professor of International Relations at Ocean University of China)