[photopress:zone_Shenzen.jpg,full,alignright]Daniel Inman has written a long and excellent article on evaluating cities in China and their potential.
What follows is but a small part of the article edited right down to fit in the space available:
Many of China’s cities are already economically significant on an international scale. Take Shenzhen for example, a city of over eight million people just across the border from Hong Kong. Thirty years ago, this former fishing town was chosen by Deng Xiaoping to be China’s first Special Economic Zone, which opened it up to trade with the outside world. Now it is China’s largest manufacturing centre, it has the country’s second largest port, and is home to two stock exchanges.
New cities will all grow into places with their own economic identity, dependent on a wide range of factors, such as geography, natural resources, and the qualities of the local population.
However, among this diversity they are all modernising in a way that will attract the kind of foreign investment that has accelerated growth in Shanghai, Beijing and Shenzhen. This means strong investment in both the hard and soft infrastructure needed to create an environment attractive to a foreign business.
Tianjin, a giant port city close to Beijing, pulled in nearly $6 billion in 2007 in foreign investment as a result of the Tianjin Economic-Technological and Development Area (TEDA). There are already 62 Fortune 500 companies with operations in TEDA and it is the money and technology that foreign companies provide that is helping to propel Tianjin into the first rank of Chinese cities.
More, much, much more, by clicking HERE.
Source: CNBC European Business
