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Economic Scale Advantage In 2004, the GDP of Shenzhen reached 342.28 billion yuan, and the total amount of import and export in foreign trade reached US$ 147.28 billion, and the amount of export was US$ 77.85 billion, and the amount of import was US$ 54.437 billion. The gross industrial output value was 650.927 billion yuan, and the output value of high tech was 327.8334 billion yuan, accounting for 50.4% of the gross industrial output value in the city. By the end of 2004, the accumulated amount of foreign investment was up to US$ 27.532 billion.
Regional advantages Located at the forefront of Pearl River Delta, Shenzhen is connected to New Territory of Hong Kong in the south, and is near Daya Bay in the east, and reaches Pearl River Mouth in the west, and is near Dongguan and Huizhou in the north. It is an important coastal traffic hub in South China, and it has 12 ports, for easy access to Shenzhen, and is the only city in China which has marine, land and air ports. Shenzhen Port ranks the 4th among the world large container ports, and Shenzhen has the largest land passenger port in China Luohu Port and Huanggang Port; Guangshen, Shenshan Expressway and Jingjiu Guangshen Expressway connect Hong Kong, Shenzhen and the inland closely. Shenzhen Port adopts 24-hour clearance and electronic inspection, and the commencement of the Western Bridge will connect Shenzhen and Hong Kong more closely, and the regional advantages of Shenzhen will be strengthened, which will not only further develop the economy in Shenzhen and Hong Kong, but also will be the hub and bridge for Hong Kong to connect the Mainland of China and the world.
Industrial and supporting facility advantages Shenzhen is the production and research base as well as the commodities trade center of high-tech products such as computer and software, communication equipment, audio and visual products, optical electromechanical products, biomedical products and medical equipment. Shenzhen has about 3,000 computer enterprises, producing almost all the computer parts. The output of color TV sets and computers come first in China, and the output of program controlled exchanges accounts for 80% in China, and the output of magnetic heads for hard disks ranks the 3rd in China, and the export of software ranks the firstly in China for 5 consecutive years, and the output of domestic brand mobile phones accounts for about 30% in China. The output of copy machines accounts for 43% in China, and the output of injection machine comes first in Asia, and the output of containers and digital multi-meters come first in the world. In addition, the furniture, clock and watch, clothes, gold and jewelry, and printing and artistic gift manufacturers are in the leading position in China. Shenzhen has 25,000 manufacturing enterprises, with complete industrial supporting facilities, and within the range of 2 hours' drive with Shenzhen as the center, you can purchase 90% of electric components, 80% of mechanical and mould raw materials and parts, and 60% of plastic, metal and chemical materials.
Cultural advantages of immigration An old Chinese saying says: observe the climatic conditions to know the change of weather, and observe the human characteristics to manage the country with culture. Shenzhen is a new city with immigrants, and the human cultural characteristics in it are different from the traditional culture in other cities. It not only converts and activates the culture in inland, but also absorbs and combines foreign culture from Hong Kong. The unique geographical and cultural environment in Shenzhen creates the open, tolerant and innovative new culture in Shenzhen, so it becomes a city most suitable for overseas and domestic talents for development.
| Four pillar industries in Shenzhen |
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High tech
Since 1990s, Shenzhen greatly developed high tech industry, and currently it has become one of the zones in China in which there are the most advanced and integrated high tech industries. In 2004, the output value of high tech products was 326.652 billion yuan, and when calculated according to the current price, it was increased by 31.6% than the previous, and the output value of high tech products with individual intellectual property rights was 185,309 billion yuan, which was increased by 33.4%, accounting for 56.7% of the total amount of all the high-tech products. And in particular, the electronic information industry has the leading advantages, and the main products, such as computer software and hardware, program controlled exchanges, and access network equipment share a large market share in Mainland, China.
To promote economic and technological cooperation between China and various countries in the world, China High-Tech Fair was held in every October in Shenzhen since 1999. The High-Tech Fair has become one of the important windows for China high tech sector to the outside. And Shenzhen has become the production, research and trade center of high-tech products in China.
Modern logistics
Shenzhen is the only city in China which has marine, land and air ports. Currently 12 ports of various types have been established to the world, and in 2004, the person-time for exit and entry of the ports reached 150,000,000, and the vehicle-time of exit and entry of ports was 13,360,000. Shenzhen has the east and the west port zone, and has 53 wharf berths with a capacity of over ten thousand tons, and opened 106 international container liner routes, and formed an international container liner network basing on Shenzhen as the hub and covering main ports in world 12 navigating zones.
In 2004, Shenzhen ranked the 4th largest port in the world, and the throughput of port goods exceeded 135,000,000 tons, and the throughput of containers was up to 13,659,000 standard containers.
Shenzhen BaoAn International Airport is the 4th largest airport in China, and currently it has opened 95 domestic flight courses and 14 international flight courses. In 2004, the transportation number of passengers in Shenzhen Airport was 14,244,500, and the throughput of transportation of airport goods was 495,400 tons.
Shenzhen has advanced roads, expressways and railways, and the length of road is 1,800km, and the length of expressways is 200km, and the density of road network is up to 0.75km/km2. Within 90 minutes' drive, the airports in Shenzhen, Hong Kong, Guangzhou, Macao and Zhuanhai can be reached, and Shenzhen is the exchange of Jingguang, Jingjiu and Guangjiu railway, and the expressways connect to Hong Kong and main cities in Pearl River Delta in Guangdong.
Stage I of Shenzhen Metro was completed and put into operation by the end of 2004. And Line No. 4 of Shenzhen Metro is currently under construction by Shenzhen and Hong Kong, and will be connected to Hong Kong Metro network in 2008. The west access engineering of Shenzhen and Hong Kong will also be completed and put into operation in July of 2006.
Modern finance
Shenzhen has set up sound and complete modern financial system with banking, securities and insurance as the main businesses, together with other financial institutions
Shenzhen is the birthplace for the first foreign-invested bank, the first joint stock insurance company, the first securities company, the first foreign exchange regulation center, the first Sino-foreign financial company, and the first electronic financial settlement center in China.
All the domestic financial institutions have set up branches in Shenzhen, and Shenzhen is a city in which the domestic banks have set up the most networks with the most complete coverage. Over 50 foreign-invested financial institutions have set up branches in Shenzhen, and the distribution density of financial institutions in Shenzhen is leading in China. 80% of the current funds of Shenzhen enterprises come from bank loans, and 36% of the basic enterprise construction fund comes from bank loans, and the fund invested by banks accounts for 56% of all the construction funds. By the end of 2004, the balance of RMB deposits in domestic financial institutions in the city was 710.075 billion yuan, and the amount of loans in domestic financial institutions in the city was 524.277 yuan, and the accumulated cash expenditure in the year was 1,121.088 billion yuan, and the accumulated amount of cash income was 1,023.673 billion yuan.
One of the two stock exchanges in China is located in Shenzhen. By the end of 2004, there were 536 companies listed in Shenzhen Stock Exchange, and 578 stocks were listed, and the total sum of capital stock was 200,447 billion stocks, and the total market value of the listed companies was 1,104.123 billion yuan, and the transaction amount in the securities market in the year was 1,642.053 billion yuan.
Modern cultural industry
In Shenzhen, a group of cultural industries with obvious and quick benefit, market success and advantages have been set up, including the printing industry, news and publishing industry, broadcasting industry, cultural and recreation industry, cultural and travel industry, advertising industry, and cultural product manufacturing industry.
In 2004, a group of excellent cultural industries stood out as outstanding, and OCT Group Company and Dafeng Village were named by the Ministry of Culture as "Sample Base for Cultural Industry in China" in the first batch, and only five ones was listed in Guangdong, which shows the strength of the cultural industry in Shenzhen. In November, the first Cultural Industrial Fair was held successfully in Shenzhen, and a platform was set up for the development of the cultural industry in Shenzhen or even in China, and an outstanding cooperation opportunity was created for both domestic and foreign merchants, and also the latest information about the development of the world cultural industry was brought for China.
The development of the cultural industry in Shenzhen will be based on innovative cultural brand as the core, and the technical strength of the cultural industry and the traditional industry will be improved, and the eight advantageous industries will be especially developed, including media industry, publishing industry, creative design industry, printing industry, audio and visual industry, recreation industry and travel industry. | Transportation |
Shenzhen can be reached by air, train, sea or road. Transportation to Shenzhen from other places Shenzhen Airport is 35km from downtown Shenzhen and connects the city with many other parts of China, as well as some international destinations. Shenzhen airport is conveniently connected by coach directly to Hong Kong airport for a fee of around RMB200 or HK$200. The airport is also connected to Shenzhen city by various airport bus routes. Shenzhen Railway Station provides links to different parts of China. There are frequent trains to Guangzhou, plus long-distance trains to Beijing and other destinations.
Transportation to Shenzhen from Hong Kong Shenzhen is connected by fast ferries linking Shekou (a port in Shenzhen within walking distance to our Immersion Center), Hong Kong International Airport, Kowloon, and Hong Kong Island. The ferry trip will only take you less than one hour to get to Shekou. This will be the easiest way to get to our Immersion center if you are coming to Shenzhen via Hong Kong. Our Immersion Center is only 5 minutes walk away from the Shekou ferry. Click here to find the ferry schedule. You may also take the train journey from Hong Kong's KCRC East Tsim Sha Tsui (TST) station to Shenzhen's Lo Wu border crossing. It takes approximately 40 minutes at a cost of HK$36.3 (as of December 2005). Trains run every 3-8 minutes from 5:30am to 11:00pm and the border crossing is open daily from 6:30am to midnight.
Transportation within the Shenzhen City Shenzhen launched its Metro system on 28th December 2004. The metro has two lines, one from Luohu (Luohu & Shenzhen railway stations) to Window of the World, and the other from Huanggang to a point further north. Our center staff will help you if you need any information about taking Shenzhen metro. It is also very convenient to travel in the Shenzhen city by bus or taxi. There are lots of bus routes in Shenzhen with which you can go almost anywhere in the city. Bus fares are very cheap, usually around 2-8 yuan of RMB. Taxis are metered, with a starting fare of RMB12.5 for 3 kilometers, and RMB2.4 for each additional kilometer | |