With an area of 1997 km2, Shenzhen is located on the coast of South China, neighboring Hong Kong to the south. Shenzhen is within the subtropical oceanic climate zone, with a permanent population of 12.5283 million at the end of 2017
Over the course of 38 years, Shenzhen grew from a remote fishing village of 30,000 people into a modern metropolis hosting over10 million residents. In 2017, the GDP of Shenzhen reached USD 347 billion, an increase of 8.8%. The import and export volume of Shenzhen totaled USD 442 billion in 2017, ranking the first among Chinese cities for 25 consecutive years.
While keeping a rapid economic growth, the green element of the development is on the rise. Energy consumption and water consumption per ten-thousand Yuan of GDP have declined for 7 consecutive years. Shenzhen’s air quality is at the forefront of China’s large and medium cities. In particular, the number of new-energy vehicles put on the market of Shenzhen is leading in the world. Another 20,000 new-energy vehicles were put on the market in 2017, realizing 100% replacement of all public buses with electric ones. Promoting green and low-carbon development has formed another feature of Shenzhen.
Today, Shenzhen is one of the most dynamic cities of China and one of the fastest-growing cities in the world. Shenzhen is home to the world’s third-busiest container port, and the fourth largest airport in the Chinese mainland. Shenzhen is the high-tech and manufacturing hub of southern China with hi-tech, finance, logistics and culture as the four pillars of its economy. Shenzhen has also identified strategic emerging industries including biology, Internet, new energy, new materials, culture and creativity, and next generation IT.
Shenzhen is a national innovative city, “independent innovation” is the leading strategy for the development of this city. PCT international patent application and invention patents per 10,000 people are the highest among Chinese cities. Huawei, Ping an, China Merchants, Vanke, Zhengwei, Tencent and Hengda are among the world’s top 500s, with Tencent topping Asia’s largest market cap company in 2016. In recent years, entrepreneurship has been growing in Shenzhen, thousands of makers are active all across Shenzhen. In March 2015, Shenzhen announced the creation of an International Makers’ Center, and set up an International Maker Week in June of each year, which provides an innovation environment of global scape for Shenzhen and global makers.
The “Belt and Road” National Initiative has brought new opportunities to Shenzhen. Shenzhen is making full use of its geographical, commercial and human advantages, relying on Guangdong-Hong Kong-Macau Greater Bay Area, focusing on transportation interconnection, economic and trade cooperation and cultural exchanges, to build the hub of the 21st century maritime Silk Road,and strives to play a strategic role in the construction of “Belt and Road”.