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Shenzhen's APEC Meeting: A Catalyst for Global Development

On December 30, 2025, Shenzhen hosted an informal meeting for high-level officials of the Asia-Pacific Economic Cooperation (APEC). This pivotal event is set to bring the spotlight back to the region in anticipation of the APEC Economic Leaders' Meeting, which will be held in this thriving city in 2026. The gathering not only serves as a platform for economic dialogue but also highlights Shenzhen's remarkable transformation over the years.

Kishore Mahbubani, the former Singaporean Ambassador to the United Nations, participated in discussions surrounding APEC's impact. Upon returning to Shenzhen, a city he previously visited during its early development stages, Mahbubani described it as the 'fastest-growing city in world history.' His insights shed light on how APEC leaders will likely be inspired by what Shenzhen has achieved.

"When they arrive, they will undoubtedly be impressed," Mahbubani remarked, emphasizing that the city's industrial evolution reflects a model of success that could benefit other nations globally. With its skyline now brimming with skyscrapers, Shenzhen has indeed come a long way from its humble beginnings, once characterized merely by rice fields.

Recently, Mahbubani also explored the advancements in electric vehicle technology during a visit to BYD, a leading Shenzhen-based electric vehicle manufacturer. At this innovative company, he engaged in testing new models and investigating the advanced blade battery technology that is becoming a hallmark of the company. Established just thirty years ago, BYD has expanded its reach, now operating across 116 countries and regions. This expansion is emblematic of Shenzhen's broader transition from basic manufacturing to cutting-edge technology beyond just electric vehicles.

As Shenzhen reaches a significant milestone, celebrating 45 years since it was designated a special economic zone, it has developed into one of the largest urban economies on mainland China. This city is widely regarded as a testing ground for China's developmental policies—offering lessons in both innovation and effective governance.

Mahbubani noted the importance of Shenzhen's institutional advantages that have fostered its growth. For instance, he visited the Qianhai Shenzhen-Hong Kong Innovation and Entrepreneur Hub, meeting startups and Hong Kong-funded companies that benefit from integrated government services and supportive policies. This proactive governmental approach has proven to be not only efficient but also replicable in other contexts.

Moreover, the evolution of the relationship between Shenzhen and Hong Kong over the past 45 years is significant. Formerly characterized by a one-sided acceptance, it has transformed into a mutually strengthening partnership that has catalyzed growth on both sides. The youthful population and vibrant innovation ecosystem continue to attract new industries, ranging from electric vehicles to augmented reality technologies.

In a time when global growth appears to be tapering off, Mahbubani urged a shift in how development is conceptualized. "What Shenzhen has accomplished in such a short time could genuinely serve as a source of inspiration for countries aspiring for rapid progress," he stated, reinforcing the idea that economic successes can be achieved through visionary leadership and adaptive policies.

Thus, as world leaders prepare for the upcoming APEC summit in Shenzhen, they carry not just their national interests but also the potential for redefining developmental benchmarks that could spur innovation and sustainability across borders.

Video: APEC Meeting Insights