Beijing has high hopes for Shenzhen and its role in ensuring that China becomes technologically self-sufficient in the face of crippling US curbs on technology transfers.
The hometown of telecoms giant Huawei and drone maker DJI has plans to boost its imports of integrated circuits and other hi-tech equipment, as the administration of US President Joe Biden could tighten curbs on Chinese access to advanced technologies.
Shenzhen, dubbed âChinaâs Silicon Valleyâ, aims to lift its import value of integrated circuits (ICs), a key component needed for local high-end industries, to 800 billion yuan (US$110 billion) by 2025, according to the cityâs three-year action plan dated September 3 but only made available to the public a week ago.
That would mark a doubling of 2017âs imports, and is equivalent to about 29 per cent of the national import total last year.
The value of the cityâs IC imports fell 17.7 per cent from a year earlier to 278.5 billion yuan in the first half of this year.
âWeâll provide support for the import of important equipment and key components, such as semiconductors, integrated circuits, and ultra-high-definition displays,â the government plan says.
Shenzhen, dubbed âChinaâs Silicon Valleyâ, aims to lift its import value of integrated circuits (ICs), a key component needed for local high-end industries, to 800 billion yuan (US$110 billion) by 2025, according to the cityâs three-year action plan dated September 3 but only made available to the public a week ago.
That would mark a doubling of 2017âs imports, and is equivalent to about 29 per cent of the national import total last year.
The value of the cityâs IC imports fell 17.7 per cent from a year earlier to 278.5 billion yuan in the first half of this year.
âWeâll provide support for the import of important equipment and key components, such as semiconductors, integrated circuits, and ultra-high-definition displays,â the government plan says.
