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Shenzhen SEZ continues spearheading China's reform, opening-up 45 years on

China

China

China

Shenzhen SEZ continues spearheading China's reform, opening-up 45 years on

2025-08-27 00:02 Last Updated At:02:17

The establishment of the Shenzhen Special Economic Zone (SEZ) has been a great innovative move to advance China's modernization and the SEZ continues to prove its relevance with innovation-driven development in the new era.

Tuesday marks the 45th anniversary of the Shenzhen SEZ. A once-sleepy fishing village, Shenzhen became a testing ground for China's reform and opening-up when it was designated as one of the country's first special economic zones in 1980.

Over the past decades, Shenzhen has rapidly emerged as a leading hub for innovation and technology. It is now again at the forefront of China's transformation to high-quality and innovation-driven development, playing a trailblazing role in the country's deepened reform and higher-level opening-up.

Technology professionals such as Zhang Ke are advancing the use of artificial intelligence in critical fields. He leads the AI for Science department at BYD, China's world-leading new energy vehicle manufacturer, where his team has pioneered the integration of AI into lithium battery research and development.

"In the fields of material research and lithium batteries, we will accelerate this research by a tremendous amount, and this new approach that combines robotics and AI algorithms will really change the way that we do research and the way that we live," Zhang told China Global Television Network (CGTN).

After earning a Ph.D. overseas, Zhang chose to settle in Shenzhen. He said that government support and the city's open environment have greatly helped him do research here over the years. "It embraces openness. The government here really provided a fairly easy policy environment for this to happen and to integrate people from different countries and from different fields," he said.

According to the Capital Institute of Science and Technology Development Strategy, Shenzhen ranks second nationwide for science and technology innovation among 288 cities across China.

Shenzhen's success lies in a unique combination of a supportive government and a market environment that embraces inclusiveness and openness and promotes global collaboration, according to Cao Zhongxiong, assistant president of the China Development Institute.

"Traditionally, our innovation followed a path from basic science to technological and industrial innovation. In Shenzhen, however, innovation is first driven by industries and enterprises, which then continuously extends and feeds back into basic research, fostering the development of technological innovation. I can clearly see an efficient, organic interaction between the market and the government, where resources within the city can undergo a highly effective 'chemical reaction'," said Cao.

Shenzhen SEZ continues spearheading China's reform, opening-up 45 years on

Shenzhen SEZ continues spearheading China's reform, opening-up 45 years on

Iran's Supreme National Security Council announced on Thursday that it will waive all transit fees for commercial ships passing through the Strait of Hormuz for the next 60 days after Tehran and Washington signed a memorandum of understanding (MoU) aimed at ending their conflict.

According to a statement released by the council, the fee waiver applies to commercial vessels applying for passage under Article 5 of the MoU. Ships are required to submit their transit applications to the Persian Gulf Strait Authority, an Iranian authority overseeing shipping control in the Strait of Hormuz.

During this 60-day period, the Iranian government will cover all associated costs, allowing the vessels to transit free of charge.

The statement noted that the Persian Gulf Strait Authority has been instructed to prioritize and expedite the processing of these applications to ensure the implementation of the MoU. However, due to specific operational conditions and potential security risks in the transit routes, vessels must adhere to designated shipping lanes and scheduled times. These measures are designed to ensure navigation safety, prevent maritime accidents, and gradually increase the waterway's transit capacity, according to the statement.

The authority will release further execution arrangements and technical details regarding the transit protocols in due course.

The statement also said that other critical matters, including mine clearance operations in the waterway, will be addressed in accordance with Article 5 of the MoU.

Meanwhile, U.S. forces on Thursday lifted the blockade on all maritime traffic entering and exiting Iranian ports and coastal areas, according to U.S. Central Command.

"American forces are not impeding the transit of vessels to or from Iranian ports. All U.S. military blockade enforcement efforts have ceased," the command wrote on X.

Iran waives transit fees for merchant ships in Strait of Hormuz for 60 days

Iran waives transit fees for merchant ships in Strait of Hormuz for 60 days

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