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Kishore Mahbubani: Shenzhen's Role in Global Development

The Asia-Pacific Economic Cooperation (APEC) Informal Senior Officials' Meeting recently concluded in Shenzhen, with the city confirmed as the host for the upcoming APEC Economic Leaders' Meeting in 2026. This event marks a significant moment for Shenzhen, a city recognized for its rapid development and innovation.

Kishore Mahbubani, the former Singaporean ambassador to the United Nations, returned to Shenzhen with a sense of curiosity and admiration. He was a participant in the inaugural APEC Economic Leaders' Meeting back in 1993 and noted that witnessing Shenzhen today is both remarkable and inspiring. “When APEC leaders come here, they will be very impressed,” Mahbubani states. “What Shenzhen has achieved can offer genuine inspiration for the world.”

Mahbubani highlights Shenzhen's industrial transformation as a key aspect of its development story. From being an area filled with rice fields just a few decades ago, the city has morphed into a sprawling metropolis with a skyline that rivals some of the largest global cities. This transformation embodies a shift from basic manufacturing to advanced technology, making it a model for other nations.

During his visit, Mahbubani had the opportunity to tour BYD, an electric vehicle manufacturer headquartered in Shenzhen. He was impressed by the company's innovative advances, particularly with their blade battery technology. “Founded only three decades ago, BYD now operates in 116 countries,” he noted. “This speaks volumes about Shenzhen's evolution and broader shift in economic strategy.”

This year marks the 45th anniversary of Shenzhen's designation as a special economic zone, which played a crucial role in its remarkable growth. Over the years, the city has become one of the largest urban economies in mainland China and is viewed as a testing ground for various developmental policies.

Mahbubani also took note of the institutional strengths of Shenzhen, particularly during his visit to the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub. Here, he interacted with numerous startups and Hong Kong-based firms that thrive under supportive government services and policies. He praised this integrated approach, deeming it effective and potentially replicable in other regions.

The former diplomat emphasized that Shenzhen's narrative extends beyond economic growth; it also reflects a transformation in its relationship with Hong Kong. What was once a one-sided flow of resources has gradually evolved into a collaborative partnership that benefits both entities.

The city is not just a haven for innovation; it boasts a vibrant young population that continually attracts burgeoning industries, particularly in fields such as electric vehicles and augmented reality. According to Mahbubani, the current global climate, characterized by slowing economic growth, presents a perfect chance for cities like Shenzhen to showcase alternative developmental paths.

He remarked, “Shenzhen's astonishing achievements offer a profound message: significant progress is possible in a relatively short period. This can inspire other countries to envision and pursue their unique growth trajectories.”

As the world looks towards new ways to spark economic revival, Shenzhen stands as a beacon of hope and innovation. Mahbubani's reflections not only celebrate Shenzhen's past but also its promising future, one that may unlock new pathways for global development.

For more insights, you can view Mahbubani's reflections on this transformative city through a detailed video description here.

As the upcoming APEC Economic Leaders' Meeting draws near, many eyes will undoubtedly turn toward Shenzhen, eager to learn from its success and witness its continuing journey as a leader in global innovation.