Shenzhen is among the top mainland cities for economic returns.
Economic Growth
In 2010, Shenzhen's economy maintained a healthy momentum of development. GDP grew by 12 percent to 951.09 billion yuan, and the total retail sales of consumer goods increased by 17.2 percent to 300.08 billion yuan. The foreign trade volume increased 28.4 percent to US$346.75 billion. The export volume increased 26.1 percent to US$204.18 billion, ranking first among the nation's large and medium-sized cities for the 18th consecutive year.
Economic Power
Shenzhen is fourth on the Chinese mainland in terms of economic power and one of the cities that has generated the biggest economic returns.
Shenzhen was second in an economic performance listing by the Brookings Institute and the LSE Cities. The Global Metro Monitor report published in November 2010, which examined data on economic output and employment in 150 of the world's largest metropolitan economies, showed that Shenzhen's economic performance was second in the world and first in China.
Fiscal Revenue
Shenzhen reported 110.68 billion yuan in local revenue in 2010, up 25.7 percent compared with the previous year.
Economic Status
Shenzhen is a link between the Chinese mainland and Hong Kong and a transport hub in coastal southern China. The city leads in high-tech, financial services, foreign trade, shipping and creative cultural industries. It has undertaken a mission to pilot China's structural reform and a broader opening to the outside world. |