It is now China’s richest city ranked by per capita GDP and within another decade, it plans to become as modern and competitive as Singapore, Hong Kong and Seoul. And by 2030, if integrated with its neighbor Hong Kong it will be massive.
Hong Kong has conducted a feasibility study on the construction of the railway linking Shenzhen’s and Hong Kong’s airports.
If approved by the central government, would allow Shenzhen passengers to spend just 12 minutes traveling to Hong Kong international airport aboard a cross-border railway by 2011.
In May 1980, late Chinese leader Deng Xiaoping designated four cities as ‘special economic zones’ — the first testing grounds for the reform. Shenzhen was one of the first special economic zones (SEZs).
Not only Shenzhen, the entire Pearl River Delta took the lead in the reform and sought to follow the words of Deng Xiaoping, who said ‘to get rich is glorious’.
Today the city is home to some of China’s most important electronics manufacturers, such as telecom-equipment firm Huawei Technologies and mobile phone maker ZTE.
The rapid development of Shenzhen has also allowed Guangdong to become the richest province in China.