A Trailblazer in China’s Economic Modernization

Ensuring proper returns for investors is the driving force behind Shenzhen’s sustained and rapid economic growth. Based on a series of institutional arrangements for property rights and the reform towards a socialist market economy, Shenzhen has established the best market-based economic system in China. By nurturing industrial chains and a modern economic system, Shenzhen had laid the foundation for industrial development and the growth of enterprises. By introducing a host of policies that encourage innovation, Shenzhen has successfully achieved industrial upgrading and high-quality development. The modern economic system and a high level of development have contributed to the modernization of Shenzhen’s economy.