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Economy is Great

2015-06-26

  Shenzhen is mainland China’s most “marketized” city, one in which the market economy has been developed both fully and soundly. Shenzhen has a fair market environment and a full respect for enterprises, which thus have greater development opportunities in Shenzhen. Shenzhen currently has 30,000 science/technology enterprises, and the number of Shenzhen’s national-level high-tech enterprises reached 4,742 at the end of 2014.

  Over the past 30+ years, Shenzhen’s GDP growth has averaged 25% per year, making it one of the world’s fastest growing cities, and also allowing this former small fishing village to transform into one of China’s most economically developed cities. Shenzhen’s 2014 GDP exceeded 1.6 trillion RMB, the size of its economy continued to rank 4th among mainland China’s medium/large cities, and its GDP per capita reached 23,900 USD, placing it onto an innovation-driven orbit.

  〇Shenzhen ranked 2nd on Forbes magazine’s ranking of “Mainland China’s Best Cities for Business.”

  〇On the Global Financial Centres Index, Shenzhen ranked 22nd in the world as a global financial city, second in mainland China.

  〇England’s Nature magazine labeled Shenzhen as one of “China’s 10 Strongest Cities for Real Scientific Research Ability.”

   
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