About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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It’s been said that Shenzhen, a southern Chinese city, was forged from reform and strengthened with opening-up. It was in 1978 that China decided to pursue reform and opening-up. And two years later in August 1980, the Shenzhen Special Economic Zone came into being, a magnet for direct foreign investment and cross-border trade. The bustling metropolis is at the heart of tremendous changes in China over the last 40 years. This once little fishing hamlet has now become one of the most vibrant cities in the world. Now with a population of over 12 million, it’s home to several big Chinese tech companies, including Huawei, Tencent and ZTE. Bordering Hong Kong, it is part of the China Greater Bay Area, which connects Hong Kong, Macao and eight other major cities in southern China. So what makes Shenzhen so attractive？What risks and opportunities lie ahead for this miracle city?
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In This Story: China
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.