China's Silicon Valley | govt.chinadaily.com.cn

China's Silicon Valley

Updated: May 16, 2019 govt.chinadaily.com.cn Print

Population:13,026,600 (2018)

Area: 1,997.47 square kilometers

Location: southern part of the Chinese mainland and southern Guangdong, the east coast of the Pearl River Delta

Economy

The development of Shenzhen, China's gateway to the outside world, is regarded as the epitome of the country's drive toward reform and modernization. Shenzhen has three main industries, namely, emerging industries, the advanced manufacturing industry and the modern service industry. 

The city's GDP exceeded 2.4 trillion yuan ($34.95 billion), an increase of 7.5 percent year-on-year, and the economic aggregate ranked among the top five for Asian cities.The public revenue of Shenzhen was 910.24 billion yuan, and the local general public budget revenue was 353.84 billion yuan.

Shenzhen strives to play a pivotal role in the construction of the Belt and Road to build itself into a gateway along the 21st-Century Maritime Silk Road by making full use of its geographic location and advantages in business and human resources, putting emphasis on the development of the Guangdong-Hong Kong-Macao Greater Bay Area, and focusing on transportation connectivity, economic and trade cooperation and cultural exchanges.

Administrative divisions

Shenzhen is a sub-provincial city. It has direct jurisdiction over eight districts and two new areas: Luohu, Futian, Nanshan, Yantian, Bao'an, Longgang, Longhua and Pingshan districts, and Guangming and Dapeng new areas. The Central Government expanded the special economic zone to cover the whole city on July 1, 2010.

 

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