At the recent "Strengthening of Equipment Manufacturing Industry in Shenzhen under Tight Constraints—Shenzhen Machinery Industry Entrepreneurs High-Level Forum," organized by the Municipal Machinery Industry Association, local media reported that the Shenzhen Municipal Trade and Industry Bureau is accelerating efforts to boost the city’s equipment manufacturing sector. Several new policy proposals have been introduced, aiming to provide strong incentives for industry growth. The goal is for the sector to generate 200 billion yuan in added value by 2010, making up 45% of the city’s total industrial output.
Experts from the Trade and Industry Bureau highlighted that while Shenzhen lags behind other industrial cities in large-scale machinery manufacturing, it has a strong competitive edge in fields such as electronic communications, electromechanical integration, and related sectors. Companies like Huawei and ZTE, along with manufacturers of CNC machines, medical devices, and instrumentation, have established unique national advantages. Shenzhen is also recognized as one of three key central cities in Guangdong Province for equipment manufacturing development.
According to statistics, in 2003, the equipment manufacturing industry contributed over 80 billion yuan in added value, accounting for nearly 30% of the city’s GDP, with exports exceeding 60% of the total. Preliminary estimates suggest that last year, the sector’s added value reached around 100 billion yuan, representing 41% of the city’s industrial output.
Wang Xiaochun, deputy director of the Trade and Industry Bureau, emphasized that Shenzhen is now at a golden opportunity for growth, aligning with the city's industrial strengths and national policies under the “11th Five-Year Plan.†The bureau is currently working on a long-term development plan, identifying four key areas: environmental protection equipment, water treatment systems, automation and measurement devices, high-speed CNC machines, and medical equipment. They also outlined six strategies, including supporting key enterprises through land, capital, and listing policies.
Financing remains a major challenge for many equipment manufacturers. Yang Chaohui of Shenzhen Han Digital Laser Technology Co., Ltd., urged banks to increase support, noting that long production cycles and delayed payments often lead to cash flow problems. He suggested adopting buyer credit models used internationally, which could help domestic manufacturers compete better.
Cheng Chunsheng from Shenzhen Securities Information Co. encouraged companies to leverage the capital market. Since 1993, China has seen 244 listed equipment manufacturers, raising a total of 100.6 billion yuan. He noted that listing procedures have become more streamlined, with the Shenzhen Stock Exchange allowing companies to go public within a year.
Many enterprise leaders also called for the establishment of specialized industrial zones tailored for machinery and equipment firms. Current standard factory spaces are too small, forcing some companies to use temporary structures or repurpose existing buildings. A dedicated production base with proper facilities is urgently needed.
Finally, the president of Deweisen Technology (Shenzhen) Co., Ltd. stressed the importance of cluster production and refined division of labor. While government support is essential, he emphasized that collaboration among enterprises and industry associations is crucial to achieving deeper specialization and efficiency in the sector.
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