Shenzhen
Shenzhen is known as one of China’s first SEZs and is known for its mobile phones.
Prioritized Industries: major manufacturing base and trade center for high-tech products.
Advantages: It’s status as one of the first SEZs draws significant foreign investment. As the regional financial center with 12 ports, Shenzhen’s strong private sector accounts for 83 percent of the province’s total output.
Trade Fairs
- China Shenzhen Consumer Goods Procurement Fair is the largest consumer goods procurement fair in China.
- China High-tech Fair
Statistics
- Average annual per capita GDP $12,134
- Population 6.2 million
- Imports from the U.S. $4.6 billion
From the book:
“There are twelve ports in Shenzhen, including the world’s fourth-largest container port. Guangdong Province has a strong private sector; it is the birthplace of China’s marketplace. Production by the private sector (non-state-owned and non-state-holding enterprises) accounted for 83 percent of the province’s total industrial output. Key industries include high-tech products (especially mobile phones), electric machinery, metals, medical equipment, pharmaceuticals food processing, textiles, apparel, chemicals, plastics, and transportation equipment. Here is a partial list of the foreign companies already doing business in Shenzhen: Mitsui, Mitsubishi, Sanyo, Panasonic, Toshiba, Sony, Squibb, Harris, Du Pont, Siemens, Lufthansa, ING, HP-Compaq, Carrefour, Lucent, PepsiCo, Whirlpool, Kodak, McDonald’s, AIG, Citigroup, Philip Morris Companies, Johnson Controls, Sears, FedEx, Sara Lee, HSBC, ABN AMRO, IBM—oh, and Wal-Mart.”