shenzhen gdp

Shenzhen is often referred to as the cultural and economic hub of southern China due to its innovation across multiple sectors. Shenzhen's gross domestic product totaled 2.7 trillion yuan (about 40 trillion yen) in 2019, the third-biggest in China after Shanghai and Beijing. But its achievements have been transformational for many countries and momentum counties to grow. "The secret of Shenzhen's growth is that the government did not interfere in the private economy," said a researcher at the State Council, China's cabinet. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. © Reuters, Jack Ma's Ant Group sets aim for world's largest IPO, China's Five-Year Plan, Macao tourism bump, Taiwan-US 5G forum, Hong Kong security law sparks race for Asia's next financial capital, China's stock market rally gets extra push from foreign investors, Fluency in Mandarin becomes key to Hong Kong bankers' success. Shenzhen's growth somewhat even defies economic theory. As the very first SEZ in China, Shenzhen symbolizes the country's swift transition from economic obscurity to economic prowess. In 2019, the city's GDP was nearly 2.7 trillion yuan (about 396.9 billion U.S. dollars). (Photo by Masayuki Terazawa), Robotic vacuum cleaners are assembled at a factory in Shenzhen on Aug. 9, 2019. According to Nobel Prize laureate, Paul Romer, the secret is not technology but the ability to formulate and implement effective governance rules.


The KK100 building, center, and other buildings in Shenzhen stand are seen from the Lo Wu district of Hong Kong, China, September 9, 2019. (Photo by Isaac Wong/SOPA Images/LightRocket via Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, was being held in custody by Chinese police, most aggressive economic consolidation and centralization in the 21st century.
The undertone was a marked rise in hostility around the world to the globalized trade mechanisms that have allowed the PRC to grow, and a chilling around the world in response to the emergence and spread of COVID-19. Beijing ICP prepared NO.16065310-3, The real secret of Shenzhen's 40-year economic miracle. and over 1 Mio. Shenzhen's growth somewhat even defies economic theory. As a SEZ, Shenzhen is given the privilege to embrace market capitalism policies under the guise of "Socialism with Chinese Characteristics," unlike other cities in Mainland China which is based on a planned economy. Workers who came to the city to find jobs at local factories and their children subsequently contributed to the growth of telecom and internet companies. GDP. All these examples are testament to Shenzhen's status as a prototype, an experimental city, from which the rest of China can learn.

Are you interested in testing our corporate solutions? The revised figure for the previous year has not been published yet. Please see our, Gross domestic product (GDP) at current prices of Shenzhen city in China from 2009 to 2019, Gross domestic product (GDP) at current prices of Shenzhen city in China from 2009 to 2019 (in billion yuan), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Special economic zone and tech hub on the front line of US-China confrontation Regarding the supra-national context, China has advanced a broad range of rules-based initiatives to create a community with a shared future for mankind. As a Premium user you get access to the detailed source references and background information about this statistic.

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