Economic & Industrial Activities
Guang Niu. "China's Economy Continues To Grow." Britannica Image Quest. WebEconomic PowerShenzhen is ranked having the fourth strongest economic power in the Chinese mainland. Also, it is one of the country's leading cities for economic returns. According to the 2015 Competitiveness of Chinese Cities Blue Book, Shenzhen ranked first on the list of 2014 cities in China overall economic competitiveness, exceeding Hong Kong for the first time.
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"Shenzhen Infrastructure." Photos for Class. WebImprovements in Urban InfrastructureThe city competes with Hong Kong and Guangzhou as a major city of the Pearl River Delta. For example, improvements in urban infrastructure such as highways, an airport, and several skyscrapers in addition to the establishment of Shenzhen University and other academic institutions and research centers have been created. The diverse population of the Shenzhen people is displayed while everyone holds a common goal of forward social mobility.
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"Battery Shelf." Photos for Class. WebGrowth from BatteriesPaul Lin displayed how BYD, a Chinese auto manufacturer, has grown to standard parts for one third of all the world's mobile phones from rechargeable batteries. Because of the simple battery, the company was able to thrive. BYD was not intimidated by the complexities of car-design and it knew a great deal about batteries. Currently, the company has seven immensely-sized plants with 130,000 workers, from the two Chinese car firms established.
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The Economy's 3 Challenges
Yu expressed that Shenzhen's economy faces three challenges. First, several preferential policies that city favored have been cleared and the advantages of its location have gone down because of China's WTO extension and general opening up. Because of the accessibility to customs and shipping routes, countless multinational enterprises attracted by China's low labor costs prefered to invest in Guangdong and Pearl River Delta throughout the 1980s. On the other hand, recently, multinationals invested in China's domestic market because it was thriving. The multinationals choose large market influenced locations. Several obstacles to attracting investment include the Yangtze River Delta and areas around the Bohai Sea which have this advantage. Subsequently, Yu believes Shenzhen must create a more advanced business environment so it can draw more investment from multinational companies. Secondly, many other cities are developing quickly, following the lead of Shanghai. Yu admits that Shenzhen will fall behind the rest of the cities if development slows down, even a little. Consequently, the city must manage its advantages in order to develop boldly. Third, it is tough to develop a massive city at a high speed like Shenzhen which has a large economic scale. Shenzhen is ranks fourth in GDP in comparison among China's large and medium-sized cities, and second in gross industrial output value. The city has run into the challenge of how to surpass itself.
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"Shenzhen Stock Exchange." Photos for Class. WebEconomic Edge Issue |
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Hong Kong consumers have been intrigued to Shenzhen's countless restaurants, massage and beauty parlors, photo salons, and retail shops because of the low-priced living cost; meanwhile, stolen goods, prostitution, and illegal drugs have increased rapidly.
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Shenzhen is experiencing a new chapter in its economic growth because of the difficulty to maintain its economy. Although the Shenzhen Stock Exchange has shut down all initial public offerings, IPOs by new firms, local officials are anticipating that investment will continue to be strong. In addition, they are curious to find out how much the economy is affected by the local financial industry. Shenzhen managed a stable growth in its economy throughout 2014. For example, the GDP increased by 8.8% to 1.6 trillion yuan. There was a 9.3% rise to 484.4 yuan with the total retail sales of consumer products. Additionally, there was a 9.8% growth to US$487.77 billion from foreign trade. For three consecutive years, the nation's export and import quantities remained at the top of it's large and medium-sized cities.
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Shenzhen must focus on its new advantages and further optimize its investment and development environment, in order to accomplish this objective the city has. In particular, its soft investment environment, such as government affairs, legal system, and business environment need to be advanced further.
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Land Use
"Scenic Mangrove Nature Reserve." Photos for Class. WebBeautiful CoastlineShenzhen Bay, Mangrove Nature Reserve, and a 15-kilometer coastal leisure corridor in the west and some of the city's coast scenic locations. The Chinese National Geography magazine titled the coastline along Dapeng Peninsula as being one of the eight prettiest coasts in the country. Also, the city has over twenty beaches for public access.
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"Map of JCFO." Photos for Class. WebThe James Corner Field OperationsThe James Corner Field Operations created a design for 1.5 million people focusing on the central and most important resource, water, in a 4,500 acre area. Within the enormous complex are five sub-divisions which help distribute the large design. The new site has provided a hydrological infrastructure as well as a public parkland from the existing rivers.
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"Spacious City." Photos for Class. WebDense, But Not Like Hong KongBecause the buildings are shorter and not as bunched together as Hong Kong, Shenzhen does not feel as overcrowded. Additionally, there is more open, green areas in Shenzhen which holds space for the attractive, wide city parks. Because of the more complacent feel in Shenzhen over the sprawl in Beijing, the many factors gives Shenzhen a more comfortable perception.
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The city of Shenzhen serves as a connection between the Chinese mainland, Hong Kong, and a transport centerpiece for coastal southern China. The booming city leads in high-tech advancement, financial services, foreign exchange, shipping, and innovative and cultural businesses.
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Daniel Berehulak. "Shenzhen One Of The Fastest Growing Cities In The World." Britannica ImageQuest. WebHi-tech IndustryThe prosperous city seeks to construct an ingenious system for modern industries assisted by the modern services, based on its development in hi-tech and exceptional assembly industry. The first pillar industry of Shenzhen is hi-tech. Shenzhen has experienced an annual steady growth rate for its output value of 40 percent, since 1995.
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