Shenzhen is a city in the Guangdong province in mainland China. It is the city that is situated immediately next to the city of Hong Kong on the continent. It is the center of an administrative region. Thanks to the economic activity in the area Shenzhen has turned into a bustling hub of business and a modern metropolitan city.
The economic growth of the city started with the reforms of Deng Xiaoping. They allowed for the formation of the first special economic zone in China. This economic boom can be seen in the changing architecture of the city and the many skyscrapers that dominate its city line now.
Shenzhen has seen incredible development since the first foreign capital entered it in the 1970s. At this point of time the city was nothing more than a small fishing village. It has been estimated that multinationals have invested more than thirty billion dollars in production facilities in the city. It all started with the first joint ventures for factories with local companies.
Now, the city is one of the fastest growing cities in the world. It has turned into the financial center of southern China. The Shenzhen Stock Exchange and the Chinese headquarters of many MNSs are situated there. The city is also the proud host of one of the busiest ports in the world dealing in enormous amounts of export and import mostly with container ships. In this respect it is third only to Shanghai and Hong Kong.
There are plans about Shenzhen and its neighboring Hong Kong ever since the reunification of the ex-British colony with the rest of the country. Chief administrators and business leaders see the future as the establishment of one of the biggest and strongest metropolitan areas in the world. Joint city development planning has been undertaken on both sides.
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