Shenzhen dethrones Shanghai, Beijing as China’s top industrial powerhouse, mayor boasts

South China Morning PostEN 2 min read 100% complete by Frank ChenFebruary 25, 2026 at 06:00 AM

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Shenzhen has surpassed Shanghai and Beijing as China's top industrial powerhouse, according to its mayor, Qin Weizhong. The city's economy grew from 2.83 trillion yuan in 2020 to 3.87 trillion yuan in 2025, with an annualized growth rate of 5.5%. Shenzhen also led in industrial output and import and export value last year. The city is poised to host a summit of leaders from Asia-Pacific Economic Cooperation members in November, providing a global platform to highlight its economic model and tech advancements. Shenzhen boasts the highest research-and-development density among mainland cities and has a computing power ranking among the world's best, according to Qin's annual work report delivered on February 9.

Key Entities & Roles

Key Player Opposition Context

Asia-Pacific Economic Cooperation (APEC) 60% Qin Weizhong ×280% Shenzhen ×5100% China ×4100%

Keywords

shenzhen 100% economic development 90% economic growth 80% industrial output 70% manufacturing 70% artificial intelligence 60% exporting 60% tech advancements 60% start-up cultivation 50% asia-pacific economic cooperation 50%

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Positive

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South China Morning Post

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Shenzhen

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shenzhen economic development economic growth industrial output manufacturing artificial intelligence exporting tech advancements start-up cultivation asia-pacific economic cooperation

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