For example, Shenzhen, a city bordering Hong Kong in the southeast, has evolved as a hub for the electronics industry. It has cultivated an ecosystem to support the manufacturing supply chain, including component manufacturers, low-cost workers, a technical workforce, assembly suppliers, and customers.
Shenzhen's location has been a huge factor in why companies want to move into the city because it is just across the border of Hong Kong, which is a financial center in China. In addition to being so close to Beijing, Shenzhen is also very easy to get to and travel within the city is also very easy.
Shenzhen is a global center in technology, research, manufacturing, business and economics, finance, tourism and transportation, and the Port of Shenzhen is the world's fourth busiest container port. Shenzhen is classified as a Large-Port Megacity, the largest type of port-city in the world.
Shenzhen is known as the "world's factory" for a reason, and that's because pretty much everything is made there. Of course, that goes double for electronics. An estimated 90 percent of the world's devices are manufactured there, everything from TVs to phones.
It is a significant transport hub in the Belt and Road and Asia-Pacific. Shenzhen has an international deep-water port, an international airport, and the largest land boundary control point in Asia, as well as expressways and freight and passenger railways of national importance.
Guangzhou — 11.6 million people
It is the richest city in Chinese mainland per capita, still just above Shenzhen.
Shenzhen is a city located in south-central Guangdong sheng (province) in southeastern China. It lies along the coast of the South China Sea and is located immediately north of Hong Kong.
Shenzhen became China's first Special Economic Zone in 1980. This meant tax exemptions, land subsidies, and more control in operating private businesses, which led to several companies — and entrepreneurs — becoming billion-dollar rich.
The company is famous for producing iPhones for the US technology giant Apple. It is headquartered in Taipei, Taiwan. They have a giant factory in Shenzhen, China.
The real-time air quality in Shenzhen is 20 (GOOD) AQI now.
In 2022, the number of high-net-worth individuals (US dollar millionaires) in Shenzhen reached 45,700, trailing only Beijing (128,200) and Shanghai (127,200) on the Chinese mainland. Though Hong Kong's millionaire population was higher at 129,500, it is shrinking fast (Shenzhen, by contrast, is surging).
As one of the most modern and forward-thinking cities in China, Shenzhen is home to leading technology businesses and trading companies – all of which take advantage of the city's young and dynamic workforce.
That year, it was declared a special economic zone, which opened the city to foreign investment, technology, and managerial expertise through the establishment of foreign-owned, joint-venture, and other business enterprises. From 1980 the city grew at a phenomenal rate, a rate known in China as “Shenzhen speed.”
The coastal city, however, is also one of the most plagued by social issues such as traffic congestion, pollution, healthcare access and cost, rising housing price, and security problems, according to the report.
From the fishing village in the past, with a consistent policy that promotes technology like AI 2023 policy, Shenzhen of today is being referred to as “Silicon Valley of China” because it is the home to leading Chinese Tech Company like Huawei, the big producer of network hardware and communicating devices; Tencent, a ...
There are now 6,990 foreigners who live in Shenzhen City as permanent residents, said sources from exit and entry section of Shenzhen Public Security Bureau. Shenzhen, which faces Hong Kong across a local river, is also one of the country's five special economic zones.
Most of the stores in the roughly 1 km shopping corridor are unauthorized "fakes" -- although they are selling genuine Apple products -- and their numbers have mushroomed ahead of the release on Friday of the iPhone 6S and iPhone 6s Plus.
It's now making a small percentage of iPhones in India, and it's making AirPods in Vietnam. But up and leaving China is not going to happen anytime soon. Former Apple operations manager Whitehead says China's extraordinary support of the Silicon Valley giant turned around its fortunes and made it a global success.
Shanghai – China's financial centre
Widely regarded as the financial capital of China, Shanghai is home to 127,200 millionaires, 332 centi-millionaires, and 40 billionaires.
New York City topped the list with 136 billionaires in 2022. The city's uber-rich population lost two people from 2021 to 2022, but it's still the global billionaire capital.
Countries With Most Billionaires
The United States is the country with the most billionaires, with a total of 724 billionaires. China is the country with the second-highest number of billionaires, with 698 individuals. India is the third country with the most billionaires with 237 billionaires.
Mandarin is known in known in China as 'Putonghua'. Because of Shenzhen's close proximity to Hong Kong and Guangzhou, you will also hear the Cantonese language spoken. Many people in Shenzhen can also speak at least some English, with the Shenzhen Government offering programs to help people learn English.
What is the local language? Mandarin is the mother dialect of the Chinese language and is spoken in most provinces of China, including Shenzhen. Cantonese, however, is the dialect of the Guangdong Province and because the people of Shenzhen grow up speaking Cantonese, it's widely spoken.
“For most of history, Shenzhen was known as Bao'an County, which was part of Dongguan prefecture,” Tsai says.