Chapter 7.44: Shenzhen City


Overview

Located in Guangdong Province's coastal region, Shenzhen is the country's first Special Economical Zone (SEZ), established in 1979. The city consists of six districts, of which four are within the SEZ. Shenzhen is bordered by the New Territories of Hong Kong in the south, Wutong Mountain in the north, Dapeng Bay in the east and Houhai Bay in the west and it has a total area of 2,035 square kilometres. The population is 4.6876 million. Over 20 years of rapid economic growth have brought Shenzhen to the forefront of the major Chinese cities in terms of overall economic strength. The city is the fastest developing in China. Between 1980 to 2001, its annual increase in GDP averaged 29.5 per cent, in industrial output value 45.4 per cent, and in import and export value 39.1 per cent. Major economic indicators are shown in Table 7.44.1.

Table 7.44.1: Major economic indicators, Shenzhen City

Item

2000

2001

Population (millions)

124.92

4.6876

Gross domestic product (billion RMB)

166.524

195.417

GDP per capita (thousand RMB)

 

43.34

Disposable income per capita (thousand RMB)

   

       Urban residents

   

       Rural residents

23.544

9.869

Savings (billion RMB) [*]

316.762

409.257

Investment in fixed assets (billion RMB)

61.625

67.337

Value-added of primary industry (billion RMB)

1.689

1.811

Value-added of secondary industry (billion RMB)

93.245

105.646

Value-added of tertiary industry (billion RMB)

77.703

87.960

Total retail sales of consumer goods (billion RMB)

53.82

60.926

Source: Shenzhen Statistical Bulletin 2000 and 2001

Note: Figures are preliminary and unadjusted

[*] Both institutional and private savings.




Doing Business with China
Doing Business with China
ISBN: 1905050089
EAN: 2147483647
Year: 2003
Pages: 648
Authors: Lord Brittan

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