Shenzhen is a coastal city in South China, neighboring Hong Kong and Macao. The core engine of the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen is a modern, international and innovative metropolis full of charm, vitality, impetus and innovation. Shenzhen has been a national economic center, a science and technology innovation center, a regional financial center and a commercial and logistics center of China. Shenzhen, born in the country’s epic reform and opening-up drive and prospering for its innovation, has created a wonder of the world’s industrialization, urbanization and modernization.
Shenzhen, City of Charm
Over the past 41 years, constructors of the special economic zone have gathered in Shenzhen from around the country. Shenzhen has quickly emerged as a modern international mega city with full functionality that manages a population of more than 20 million at an average age of 33. Shenzhen, a national designated international comprehensive transportation hub, is home to a world-class container port, the largest land port in Asia and the country’s fifth largest airport. Shenzhen is one of the safest, most stable and fairest cities with best legal environment in China. It has won numerous awards and recognitions, including the National Civilized City, the Nations in Bloom, a member of the Creative Cities Network of UNESCO and UNESCO City of Design. Shenzhen is an open and inclusive city that honors rule of law and good ethics. It is a livable city with abundant job opportunities and rich tourism resources. Shenzhen has been an important window of China’s reform and opening up. It has accelerated the opening and development of Qianhai Shenzhen-Hong Kong Modern Services Cooperation Zone and the Qianhai & Shekou free trade area, as well as the construction of the Shenzhen-Hong Kong Cooperation Zone for Technology and Innovation in Lok Ma Chau and the GuangdongHong Kong-Macao Greater Bay Area. It has established friendship relations with 88 provinces and cities in 56 countries around the globe.
Shenzhen, City of Vitality
A pioneering city in China’s reform and opening up, Shenzhen has taken the lead in carrying out market-oriented reforms of the economic system. The city has taken the first steps in more than 1,000 different fields in the country, from building the first export-oriented economic development zone in China to holding the country’s first land auction, from taking the lead in “bringing in” to “going global,” from economic reform to the further and comprehensive reform in economic, political, cultural, social, ecological civilization and Party building systems. It has made continuous efforts to create a world-class business environment. Shenzhen is one of the cities with China’s best business environment that has greatly stimulated the market vitality. Shenzhen is home to a large number of local enterprises with global competitiveness such as Huawei, Ping An, China Merchants Bank and DJI and is ranked first in the country in terms of the number of commercial entities and entrepreneurship density.
Shenzhen, City of Impetus
From encouraging enterprises of import and compensation trade to facilitating industry transformation and upgrading and enhancing the supply-side structual reform, economic development has always been a focus of Shenzhen. It has designated high technology, finance, logistics and the creative cultural industry as the city’s four pillar industries. Its economic growth mainly relies on the emerging industries, while the advanced manufacturing businesses have dominated its manufacturing sector above designated scale, and the modern service industry dominates the tertiary industry. Shenzhen’s GDP has grown from 196 million yuan (US$27.61 million) in 1979 to over 3 trillion yuan in 2021, ranking fifth among Asian cities. Shenzhen created the world-renowned “Shenzhen Speed,” the development-leading “Shenzhen Efficiency,” “Shenzhen Quality” and “Shenzhen Standards,” as well as the “Shenzhen Made,” “Shenzhen Design” and “Shenzhen Brands” that mark the era.
Shenzhen, City of Innovation
Shenzhen has taken the innovation-driven growth as its development strategy and insisted on innovation as the No. 1 priority in establishing a whole-process innovation ecological chain of "basic research + technological research + achievement industrialization + technology finance + talent support". Shenzhen has formed a market-oriented technological innovation system that takes enterprises as its mainstay and highly blends industry with university and research. It has become a model innovative city that gathers innovation resources, achievements and culture in the country, as well as the first national innovative city, the first city in the country designated as an innovation demonstration zone, one of the first batch of Chinese cities designated as the demonstration zones of sustainable development. Other strategic scientific and technological facilities such as the Comprehensive National Science Center of the Greater Bay Area and the Peng Cheng Laboratory have been built in Shenzhen. Shenzhen is the window through which China displays its achievements in reform and opening up to the world. Shenzhen is the window through which the international community observes China’s reform and opening up. Shenzhen is striding toward the construction of a pilot demonstration zone of socialism with Chinese characteristics. Shenzhen is working hard to build an exemplar city of a great modern socialist country.