Opinion | China’s ‘trillion-yuan districts’ reveal gains and gaps of its hi-tech push
China’s pivot to a tech-driven economy is thrilling, but its success will be judged by how it improves people’s everyday lives
The anticipated rise of Shenzhen’s Nanshan district to a “trillion-yuan district” marks a monumental milestone, placing it alongside Shanghai’s Pudong and Beijing’s Haidian as the only districts to reach such a GDP threshold.
Beyond a mere numerical benchmark, the “trillion-yuan” label signifies China’s transition into a technology-powered economic era. This achievement underscores more than local success – it amplifies the resilience of China’s economy, increasingly driven by hi-tech innovation. The pace and quality of the nation’s future growth will depend on the ability of these knowledge-intensive hubs to innovate, navigate global headwinds and seize opportunities in emerging industries.
Across China’s hi-tech parks, energy is palpable. Passionate entrepreneurs turn fresh ideas into viable ventures; debates fill cafes, focused on the next breakthrough. This dynamism reflects economic vitality, as evidenced by a steady surge in new tech firms.