Shenzhen strives to play a pivotal role in the implementation of the Belt and Road Initiative 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 Big Bay Area, and focusing on transportation connectivity, economic and trade cooperation and cultural exchanges.

 

 

GDP grew by 8.9% in 2015 Export tops Chinese mainland cities for 23 years Local revenue up 30.9% in 2015.

 

ECONOMIC GROWTH

In 2015, Shenzhen’s economy maintained a healthy momentum of growth. GDP grew by 8.9% to 1.75 trillion yuan. Its total retail sales of consumer goods increased by 2% to 501.78 billion yuan. Foreign trade volume increased to US$442.55 billion. Export and import volume has stayed at the top of the nation’s large and medium-sized cities for the 23rd consecutive year.

 

ECONOMIC POWER

Shenzhen is fourth on the Chinese mainland in terms of economic power and is one of the country’s top cities for economic returns. Surpassing Hong Kong for the first time, Shenzhen placed first on the list of 2015 Chinese cities’ comprehensive economic competitiveness, according to the 2015 Competitiveness of Chinese Cities Blue Book.

 

FISCAL REVENUE

Shenzhen reported 272.71 billion yuan in local revenue in 2015, up 30.9% from 2014.

 

ECONOMIC STATUS

Shenzhen is a link between the Chinese mainland and Hong Kong and a transport hub for coastal southern China. The city leads in high-tech development, financial services, foreign trade, shipping, and creative and cultural industries. It has undertaken a mission to pilot China’s structural reform and continuous opening up to the outside world.

 

GEOGRAPHIC LOCATION

Shenzhen is a coastal city in South China, adjoining Hong Kong. Its longitude lies between 113.46 and 114.37 degrees east, and its latitude between 22.27 and 22.52 degrees north. Sitting south of the Tropic of Cancer, it is in southern Guangdong Province. Demarcated from Hong Kong by the Shenzhen River in the south, it is bordered by Dongguan and Huizhou in the north, Daya Bay and Dapeng Bay in the east and the Lingding Sea and the mouth of the Pearl River in the west.

Shenzhen has a vast sea area, covering 1,145 square kilometers and boasting 283 kilometers of coastline and typical subtropical marine climate and vegetation. The city also has rich natural attractions, including popular beaches such as Dameisha, Xiaomeisha, Xichong, Dapeng Peninsula National Geopark and nature reserves like the Mangrove Nature Reserve, Wutong Mountain and Inner Lingding Island

 

BAY AREA ECONOMY

Shenzhen will speed up the development of the bay area economy to promote its economic upgrading and increase its ecnomomic returns. To better implement the Belt and Road Initiative, Shenzhen will coordinate regional resources, build an economic corridor highlighting Qianhai Bay, Shenzhen Bay, Dapeng Bay and Daya Bay, and accelerate the upgrading of its bay area economy.