Friday, January 30, 2009

Shenzhen, China

January 13 - 15, 2009

We arrived in Shenzhen on Jan. 13, from Nanjing. We were surprised at the development there. The city is full of skyscrapers like Shanghai. In fact, the Shenzhen Stock Exchange is larger than the Shanghai.

According to Wikipedia:

Shenzhen is a city of sub-provincial administrative status in southern China's Guangdong province, situated immediately north of Hong Kong. Owing to China's economic liberalization under the policies of reformist leader Deng Xiaoping, the area became China's first—and ultimately most successful—Special Economic Zone.

Shenzhen's novel and modern cityscape is the result of the vibrant economy made possible by rapid foreign investment since the late 1970s, when it was a small fishing village. Since then, foreign nationals have invested more than US$30 billion for building factories and forming joint ventures. It is now reputedly one of the fastest growing cities in the world.[1] Being southern China's major financial centre, Shenzhen is home to the Shenzhen Stock Exchange as well as the headquarters of numerous high-tech companies. Shenzhen is also the second busiest port in mainland China, ranking only after Shanghai.

Premier Deng Xiaoping was revered as the Father of Shenzhen because of his decision to build up Shenzhen. His statue stands looking at Hong Kong Harbor as he passed away before Hong Kong was returned to China.

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