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The Shenzhen Special Economic Zone (Chinese: 深圳经济特区) is a special economic zone (SEZ) of China. One of four special economic zones (SEZ) established in May 1980, it was the first SEZ created by Deng Xiaoping , [ 1 ] and, like the other three zones, was modeled after Ireland 's Shannon Free Zone .
Before 1980, Shenzhen's GDP was just 0.2 percent of Hong Kong's. In 2018, the city's GDP hit 2.42 trillion yuan (US$372 billion), overtaking Hong Kong. [20] Successes in Shenzhen prompted Chinese central authorities to instruct provincial officials to learn from Shenzhen. [21]: 114
Retail is an important pillar of Shenzhen's tertiary sector. Out of the added value of Shenzhen's tertiary sector of 1.42 trillion RMB (US$201 billion) in 2018, retail contributed 43% (616.89 billion RMB) of this amount, a 7.6 percent increase compared to last year (601.62 billion RMB). [183]
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[39] [42] In January 1984, Deng Xiaoping made his first inspection tour to Shenzhen and Zhuhai, praising the "Shenzhen speed" of development as well as the success of the special economics zones. [43] [44] Hu Yaobang, then General Secretary of CCP, played an important role in implementing the reforms together with Zhao Ziyang, then Premier of ...
Shenzhen is one of the major cities for handicraft manufacturing in China. With over 1,900 handicraft manufacturers and more than 200,000 practitioners, it boasts the largest handicraft production base in the country. Shenzhen holds a leading position in the design and production of water products, which is an emerging cultural industry in the ...
BYD, the Chinese carmaker backed by Warren Buffett, has just surpassed Tesla as the world’s largest seller of electric vehicles. Now, to maintain its momentum, the company will need to chart new ...
Learning from Shenzhen: China's Post-Mao Experiment from Special Zone to Model City is a 2017 collection of essays, co-edited by Mary Ann O'Donnell, Winnie Wong, and Jonathan Bach, and published by the University of Chicago Press.