The “first meeting of the new year” often has the significance of “weather vane” and is an important window to observe local development.
On February 5, Guangdong held a provincial high-quality development conference to press the start button of the New Year around the economy.
The next day (February 6), Shenzhen held an enlarged meeting of the Standing Committee of the Municipal Party Committee around the work requirements of the provincial high-quality development conference, immediately deployed the work path and methods for the new year, and sent a strong signal: the city will immediately enter the state and take action immediately, and make every effort to promote Shenzhen’s high-quality development to achieve new achievements in 2025.
The meeting made a series of deployments around the “ten key points” of high-quality development, especially in consumption, scientific and technological innovation, the new system of modern industries, and further deepening the reform in an all-round way. From the specific deployment arrangements of Guangdong’s “first meeting of the new year” to Shenzhen, we can gain insight into the focus of Shenzhen’s reform and innovation.

Anchoring the primary task of boosting consumption, Shenzhen proposes to grasp local and global consumption, and expand and strengthen digital platforms and online sales.
In 2024, Shenzhen’s total industrial output value and industrial added value above designated size will achieve the “double first” of cities in the country for three consecutive years. Facing 2025, Shenzhen’s industry should not only consolidate its leading position and continue to maintain a good momentum of development, but also accelerate the construction of a new modern industrial system with Shenzhen’s characteristics and advantages, and form a strong support for medium- and long-term high-quality development.
At present, China’s economy is facing the challenges of insufficient domestic aggregate demand and increasing uncertainty in the international environment, but it also has the advantages of sufficient resilience and great potential. In 2024, Shenzhen’s foreign trade will win the championship again after 9 years, and its exports will rank first in the mainland’s foreign trade cities for 32 consecutive years.
In other words, Shenzhen should take more powerful measures to cultivate new growth points with higher gold content and stronger driving force.

While promoting innovation and development, Shenzhen focuses on the reform tasks in key areas, and lays a good foundation and accumulates momentum for economic and social development with “key moves”.
In this regard, Shenzhen proposes to take Shenzhen’s comprehensive reform pilot as the traction to promote the acceleration of the implementation of various reform measures, continue to deepen the reform of the business environment, continuously improve the level of government services and legal guarantees, strengthen the construction of key industrial chains, focus on the supporting elements and guarantees, and strive to create an industrial ecology with everything, efficient and convenient, unilaterally outstanding and stronger comprehensive advantages, so as to provide better conditions for the innovation and development of all kinds of enterprises and provide more opportunities for all kinds of talents to start their own businesses.
In the critical period of climbing over hurdles, Shenzhen will also provide valuable reference experience for latecomers.
The meeting has clearer requirements for Shenzhen’s innovation, talent, R&D and other fields, such as: to accelerate the creation of a tropical rainforest-style innovation and entrepreneurship ecology to form greater innovation capabilities and more innovation achievements; comprehensively strengthen the main role of enterprises in scientific and technological innovation and the role of talents as the first resource; We will continue to increase the investment in R&D and innovation of the whole society, and take the whole city as the source and incubator of new productivity and innovation, and build a city of innovation in an all-round and in-depth manner.

Looking at Shenzhen’s specific work deployment from Guangdong’s “first meeting of the new year”, it is consistent that “high-quality development” is the main direction.
This year is the final year of the “14th Five-Year Plan”, an important year for further deepening reform in an all-round way, and the 45th anniversary of the establishment of the Shenzhen Special Economic Zone.
Next, it is expected that Shenzhen will make comprehensive efforts and key breakthroughs in specific actions.