- Gordon Dumoulin
China's model for reform and opening up 40 years young....
Last week (August 26), Shenzhen celebrated its 40th birthday as the first Special Economic Zone (SEZ) established in China in 1980. The city has emerged as a symbol of the country's reform and opening-up policy and transformed from a smaller fishing town with 330,000 inhabitants bordering Hongkong to a 13 million sprawling high-tech and financial city.
As a testing ground for market-oriented reforms, Shenzhen has led the Chinese economy and seen its own economic size increased a staggering 10,000-fold in the past four decades.
The city is home to global high-tech giants such as Huawei and Tencent. Shenzhen is far from saturated with the next challenging phase being the high-tech heart of the Greater Bay area, a megalopolis of 70 million people, also known as the Pearl River Delta, consisting of nine Chinese cities, Hongkong and Macau.
See here a nice infographic about data on 40 years Shenzhen presented by globaltimes.cn :
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