P. 8




Policy Trends

Often dubbed China’s “Silicon Located in Guangdong province only 100 km (62
Valley”, Shenzhen is China’s miles) southeast of its capital, Guangzhou, Shenzhen is
fastest-growing city. It is ranked strategically located on the Pearl River Delta that serves
by the Chinese Academy of as a border with Hong Kong. The city center is under
Social Sciences as the mainland’s 20 minutes from Kowloon by fast train. Other nearby
top city for “overall economic cities include Huizhou, Dongguan, Lingdingyang, Mirs
competitiveness” and is China’s Bay, and Macao.
premier Special Economic Zone
(SEZ) for foreign investment as well According to the Outline Development Plan for
as a sub-provincial class city. the Guangdong-Hong Kong-Macao Greater Bay Area
(GBA), Shenzhen is one of four core cities to serve as
Shenzhen was declared China’s first the engines for development in the region. Shenzhen is
SEZ by then-Communist Party (CCP) frequently called upon to be the GBA’s technology and
chairman Deng Xiaoping in 1979. R&D hub. As of 2018, four percent of Shenzhen’s GDP
Aided by capital flowing easily from was invested into research and over 11,000 high-tech
neighboring Hong Kong, the city has enterprises called the city home.
since transformed from small fishing
town to bustling megacity. In 2018, Shenzhen had the world’s fourth largest
container port and China’s fourth largest airport for
Every year, millions flock to its cargo. For 2018, Shenzhen’s exports accounted for 38
city center as part-time or migrant percent of all of Guangdong’s exports and 10 percent
workers, entrepreneurs from of China’s total exports. It has been the largest single
around the globe seek to benefit exporter in China for the past 26 years.
from its investment-friendly
practices, and tourists admire its Shenzhen trails only Shanghai and Beijing in China
futuristic landscape. for overall GDP, ranking third at 2,249 billion RMB

5 AmCham South China
   3   4   5   6   7   8   9   10   11   12   13