Shenzhen to focus on chips, AI and biomedicine to grow GDP 40 per cent over five years in the face of US hostility and economic slowdown

//Shenzhen to focus on chips, AI and biomedicine to grow GDP 40 per cent over five years in the face of US hostility and economic slowdown

Shenzhen to focus on chips, AI and biomedicine to grow GDP 40 per cent over five years in the face of US hostility and economic slowdown

Shenzhen, the southern boomtown hand-picked by Chinese President Xi Jinping as a model “socialist” city, has set lofty development and technology goals in a blueprint for 2025 and beyond, painting itself a bright future despite challenges from US sanctions and slowing economic growth at home.The mainland city, which spent the last couple of decades transforming from a sweatshop manufacturing base into China’s answer to Silicon Valley, has hopes to boost its economy to 4 trillion yuan (US$612.8…

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By | 2020-12-31T11:00:08+00:00 December 31st, 2020|Technology|Comments Off on Shenzhen to focus on chips, AI and biomedicine to grow GDP 40 per cent over five years in the face of US hostility and economic slowdown