Shenzhen, a city with a history dating back to the Ming Dynasty, derived its name from the presence of deep irrigation ditches near the village, referred to as “shnn-jnn” in the local dialect. The city’s early growth was spurred by trade activities during the Qing Dynasty.
However, what sets Shenzhen apart is its transformative journey from a small fishing town to a bustling metropolis, primarily propelled by its designation as a Special Economic Zone (SEZ) in May 1980. This marked the beginning of Shenzhen’s exceptional development trajectory.
As a Special Economic Zone, Shenzhen implemented unique economic policies and management systems, fostering a conducive environment for investment, particularly encouraging foreign investment. The city embraced an export-oriented economic model as its developmental goal.
Over the past four decades, Shenzhen has undergone a staggering transformation. Its Gross Domestic Product (GDP) skyrocketed from less than 200 million yuan to an impressive 2.7 trillion yuan. The population, too, witnessed remarkable growth, expanding by 19.5 million people. Shenzhen’s success story reflects its commitment to innovation, economic openness, and adaptability, making it a symbol of China’s rapid urban development.
