China’s Urban Boom — (Part 12) Building A Century in Fifteen Years

CITIES & THE WEALTH OF NATIONS

Shenzhen, China — With a population of nearly 15 million, Shenzhen is a major city on the southern coast of China, situated immediately north of Hong Kong. Due to China’s economic liberalization, the area became China’s first—and arguably one of the most successful—Special Economic Zones. Shenzhen’s novel and modern cityscape is the result of the vibrant economy made possible by liberal economic policies and rapid foreign investment since the institution of the Special Economic Zone in the early 1980’s. Shenzhen is now one of the fastest growing cities in the world and is southern China’s major financial center — home to the Shenzhen Stock Exchange as well as the headquarters of numerous high-tech companies. Shenzhen is also the third busiest container port in China. It’s thought that Shenzhen has been the fastest growing city in China for the past 30 years, and it’s GDP per capita makes it one of China’s wealthiest.

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