Statement by the City’s Executive Mayor, Patricia de Lille City establishes formal relations with Shenzhen to exchange knowledge and drive economic growth Note to editors: the below statement is an extract from remarks by City of Cape Town Executive Mayor, Patricia de Lille, at the signing of a Sister City agreement with Shenzhen in the People’s Republic of China today, 15 September 2015, in an effort to strengthen relations. Thank you for hosting us here today. As the leaders of two great cities, we have a tremendous responsibility to do what is in the best interests of our residents and for economic growth. Indeed, the example of China is one that the rest of the developing world can and should learn from. But of particular interest is the development and scope of change that cities like Shenzhen have been able to manage and lead. It is cities like Shenzhen that we in Cape Town can learn from and grow with. And that is because in the economy of the 21st Century, cities are the drivers of economic growth. Indeed, the McKinsey Global Institute has advised that over the coming decades growth will be determined by a class of secondary cities that understand, build on, or develop competitive advantages or competitive specialisations. And for the first time in the history of the world, this century, more people will live in cities than in rural locations. The City of Cape Town is becoming an active player in forging a place for ourselves in this new era. In so doing, we have looked at our relative size, our economic strengths and weaknesses, our place in the world and, more specifically, our place within the economically emerging continent of Africa. And we have taken into account the desired benefits we want to see from a new approach, including leveraging investment attractors and playing our part to attract people to live and work here. While we may not have the size or scale of Johannesburg, we are distinguishing ourselves as a highly specialised city that has taken the lead in certain key sectors in South Africa and southern Africa, as well as being a gateway to Africa. We believe these features make us more competitive than other cities for the right kind of investor, especially cities like Johannesburg. We have reliable and quality infrastructure with reliable power and water supplies and accurate billing systems. We have a public transport network and useable roads. We have an education cluster with four universities. We have an advanced tertiary services sector, especially in terms of finance and business process outsourcing. And we have a broadband network that is being rapidly expanded to provide the kind of ICT support required by business in the 21st Century. We have become home to a number of global companies who have established offices with us, including companies like Hisense and Naspers, with its global stake in Tencent. And we are trying to position ourselves as a green city with a move towards green economy sectors. These drives, and these great interventions, are dependent on us carving a place in the world, however, and learning from others. That is why we are so proud to partner with Shenzhen in formal relations. China is a driving force of the global economy and our country has a proud relationship with yours in the BRICS partnership. What Shenzhen has been able to achieve in a few decades is remarkable, especially in dealing with the pace and scale of urbanisation. What is more, your economic competitiveness as a major centre of Chinese business will build the links that we hope will benefit Cape Town markets, investors, and overall commerce. Thank you again for hosting us in your city. It is a privilege to be here. Thank you.