Since the reform and opening up, especially over 13 years since the establishment of the district, Baoan people have taken the opportunity to make outstanding achievements in social and economic construction through union, development, innovation and practice, today it has become a modern district with supporting industries, complete services, perfect infrastructure, convenient communication and sound legal system. In 2005, Baoan accomplished a GDP of RMB 116.345 billion, a gross over-scale industry output value of RMB 399.755 billion, a total value of social consumable retail of RMB 28.499 billion, a fixed assets investment of RMB 28.707 billion, a general local budget income of RMB 37.126 billion, a total export of USD 42.902 billion and an actual foreign direct investment of USD 0.846 billion. It is expected that it will accomplish a GDP of RMB 147.5 billion, a gross over-scale industry output value of RMB 500 billion, a total export of USD 50 billion and an actual foreign direct investment of USD 90 billion in 2006.
With the rapid development of the modern industry and the comprehensive promotion of urbanization, the support of the modern service industry is urgently demanded. Meanwhile, the extension of urban rail communication and the construction of ports and general passenger transport stations also offer a new platform to the modern service industry. Now, Baoan is meeting with a good opportunity for the development of the modern service industry. Shenzhen has formulated a strategic objective of accomplishing its integration and building itself into an international city, according to its 11th Five-Year Plan, Baoan will be built into a district with strongest industrial development, most concentrated industrial layout and largest high-tech output. 324 infrastructure projects with an investment of about RMB66 billion are scheduled in the 11th Five-Year Plan so as to further optimized the general investment environment of Baoan.
The Baoan Government is actively promoting the development of the modern service industry dominated by modern logistics and cultural creation industry, constructing multi-level modern business centers, actively attracting domestic and foreign famous financial institutions for entry, speeding up the construction of ecological tourism bases and moderately developing real estate so as to build itself into a strong district in the modern service industry.
Baoan enjoyed great success in manufacturing in the past. Today, it will accomplish a brilliant development of the modern service industry.