Initiative for Cooperation on Emerging Industries launched in SZ

At the China-ASEAN Forum on Emerging Industries convened in Shenzhen today, Mayor Qin Weizhong announced the Initiative for Cooperation on Emerging Industries (Shenzhen Initiative). The full text of the intiative is as follows:

Initiative for Cooperation on Emerging Industries (Shenzhen Initiative)

The China-ASEAN Forum on Emerging Industries convened in Shenzhen, China on July 4th, 2023.

The Forum was attended by the representatives of the People’s Republic of China, Negara Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Republic of the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam.

Emerging industries have been blossoming with the emergence and application of new technologies as the latest round of global scientific and technological revolution and industrial transformation deepens, profoundly changing ways of production, business models, market structures and innovative cooperation.

Cultivating emerging industries is an important strategic choice for all countries to achieve economic and social development.

The Forum’s purpose is to foster mutually beneficial cooperation between China and ASEAN member states over emerging industries for common and sustainable development.

HEREBY China puts forward an initiative below:

1. Build a regional ecosystem of innovation by improving the mechanism for cooperation in technology innovation and standards and encouraging collaboration among government agencies, enterprises, academia, chambers of commerce and associations. Reaffirm to maintaining unimpeded industrial and supply chains as well as their status as global public goods, jointly building an equal and more inclusive and constructive partnership for industrial and supply chains, and jointly seeking opportunities for the development of emerging industries.

2. Explore cooperation in digital economy, new energy vehicles (NEV), energy electronics and other emerging industries, including developing digital platforms and cloud computing services, building smart cities, supporting collaboration among NEV enterprises, enhancing application of energy electronics, promoting clean energy transition, boosting participation of small and medium-sized enterprises, and building industrial parks for cooperation in emerging industries.

3. Call on China and ASEAN member states to jointly explore the establishment of a China-ASEAN ministerial dialogue mechanism in the industrial sector, host forums on a regular basis, strengthen policy coordination and share development experience for common development of the manufacturing industry and the real economy, implement the United Nations 2030 Agenda for Sustainable Development, ensure that all parties benefit from development, and encourage the industrial, academic and research communities from ASEAN member states to join the Network of the Partnership on New Industrial Revolution under the Global Development Initiative. Make full use of the mechanism of China-ASEAN Digital Ministers' Meeting to promote practical and mutually-beneficial cooperation for win-win outcomes in the digital field.

We stand ready to contribute to practical cooperation in emerging industries and usher in a more prosperous and better future for all.