Spotlight on tech innovation as SZ gears up for Apec

Shenzhen is promoting its high-tech sector to showcase the nation’s ambitions in innovation and global competitiveness as the city prepares to host Apec. The city has designated four foundational economic pillars, with the high-tech industry serving as Shenzhen’s primary economic engine and growth driver. According to municipal government data, the added value of Shenzhen’s strategic emerging industries reached 1.67 trillion yuan last year, accounting for 43 percent of the city’s GDP. Shenzhen is also home to more than 25,000 high-tech enterprises, ranking among the highest in the country. Peter Ruan, founder of Shenzhen smart-glasses company GetD, said Chinese products are among the world’s most advanced technically and offer strong value for money. He added that development is booming because Shenzhen has a complete industrial chain and its research and development staff are diligent and efficient. Ruan hopes to use Apec as an opportunity to spotlight the "speed of Shenzhen" in the tech field to the world. "In developing these glasses, we often work through the night, until late. To produce our newest model of glasses, we worked until seven in the morning," he said. "This is the Shenzhen spirit. The can-do spirit. This Apec summit is a very important meeting for Shenzhen. I hope...