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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