Lo Wu Bridge witnesses China's reform and opening-up

  • Chronicle of China's special economic zones

    China decided to establish its special economic zones (SEZs) 30 years ago as the country was pulling itself out of the turbulent times of the Cultural Revolution (1966-1976) and launching its reform and opening-up policies.

  • Hu calls for more innovation, use of clean energy

    President Hu Jintao called for more innovation and increased use of clean energy during a recent tour of Shenzhen.

  •    Shenzhen Background

       The city of Shenzhen, formerly known as Bao'an County and covering an area of 1,952.8 square kilometers, was established in 1979 because of its proximity to Hong Kong.


       On Aug. 26, 1980, part of Shenzhen was singled out as the first SEZ in China occupying an area of 327.5 square kilometers.


       On July 1 this year, the Shenzhen SEZ was approved by the Central Government to expand to the whole city to accommodate the rapidly growing economy.

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       The 1980s witnessed the Shenzhen Special Economic Zone take off with an influx of foreign investors and migrant workers.


       The decade also saw bold reforms unfold in the Special Economic Zone — such as the emergence of the then controversial stock market, reviled by conservatives across the nation as a "product of decadent capitalism" — and the market economy and export-oriented economy taking shape.



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       The decade saw a new economic vitality spreading rapidly and reform in full swing in Shenzhen.


       The immense economic success of the special economic zone paved the way for remarkable changes to national economic policy and prompted the Central Government to pilot reforms in other cities to step up the reform and opening up.


        In the meantime, Shenzhen delved into more technologically intensive industry by attracting professionals from other parts of China and offering favorable policies for high-tech companies. Affluent Shenzhen citizens have also led the nation in philanthropic acts and paid more attention to cultural and creative industries.


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       The past decade has seen Shenzhen burnishing its reputation as a green city, an economic engine, a livable city with a fascinating blend of cultures as well as a city of design. The young city is now looking forward to entering a new decade, which will start with the Universiade Games.


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