Bao'an unveils 10 major events of 2024

Surging GDP  

In the first three quarters of 2024, Bao’an District’s GDP surpassed 382.9 billion yuan (US$52.57 billion), marking a 6.8% year-on-year increase. The district also added four new listed companies, six green factories, and five green supply chain enterprises, further solidifying its economic growth and sustainability efforts.

Employees work at a drone-making firm in Bao’an.  Photos from Xinhua

Low-altitude economy

Bao’an District launched the country’s first Low-Altitude Economy Industry Public Service Center, attracting leading enterprises such as Pengcheng Wings. Improved government services also supported the growth of emerging industries as the district’s new-quality productive forces showed strong momentum.

International headquarters area  

The Jiuwei International Headquarters Area initiated construction projects encompassing general planning, transportation, and investment promotion. Additionally, Zone 1 of the Xinqiaodong Advanced Manufacturing Industrial Park was completed.

An aerial view of the Shenzhong Link.

Shenzhong Link

The Shenzhong (Shenzhen-Zhongshan) Link, opened June 30, 2024, has transformed regional connectivity, bringing Bao’an and the western Pearl River Estuary city clusters into a 30-minute commuting circle. The link has already facilitated over 10 million vehicle trips.

Education and housing

Bao’an District expanded its educational infrastructure by adding 47,000 compulsory education seats and 17,000 kindergarten seats. The increase ranked first in the city. Additionally, the district constructed 20,000 affordable housing units.

Industrial development

Bao’an was recognized as the nation’s top district for the new-type PCB (Printed Circuit Board) industry. Bao'an has the highest number of green factories and green supply chain enterprises in the city. The district also ranked second among the top 500 districts across the country in comprehensive strength for new industrialization.

Business environment

During the 2024 Shenzhen Global Investment Promotion Conference, Bao’an District signed 41 projects. In 2024, A total of 72 projects, each involving an investment of at least 100 million yuan, settled in the district.

Central area development

The quality enhancement plan for Bao’an’s central area earned gold and silver awards at the 2024 Beijing Design Week. Furthermore, the central Bao’an commercial district topped the national list for in-depth tourism in the category of shopping districts, showcasing its vibrant and fashionable urban appeal.

Land use

In 2024, Bao’an made 282.2 hectares of land available for development, including 107 hectares for industrial development. The district hosted a land space promotion conference that attracted over 100 State-owned enterprises, listed companies, and leading construction firms.

Shiyan-Baiwang intelligent manufacturing city

Bao’an aims to transform the Shiyan-Baiwang area into a demonstration zone for new-type industrialization and a renowned eco-tourism destination centered around Shiyan Lake. Focusing on six key industries—electronic information, new energy, power semiconductors, AI + embodied intelligence, AI + scientific research, and biomedicine—the Shiyan-Baiwang area targets an annual industrial output exceeding 1 trillion yuan by 2030.