Inside Shenzhen, China’s Silicon Valley

About This Source - Bloomberg QuickTake News

QuickTake is a series by Bloomberg which is tagged “Global news the world needs today.” Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake News:

  • Kitty-Cams show Cape Town Cats Hunting for More Than You Might Expect
  • LIVE: Federal Judge Blocks U.S. Postal Service Changes That Slowed Mail | Happening Today
  • How Taiwan Plans to Go 5G Without China
  • Shenzhen is now home to more than 11 million people and some of China’s most recognizable technology names, including Huawei, Tencent and dronemaker DJI.

    From ventilators for Covid-19 patients to 5G connectivity, Bloomberg’s Allen Wan takes us around Shenzhen, dubbed China’s Silicon Valley.

    The former fishing village bordering Hong Kong has the strongest claim to be China’s answer to Silicon Valley. Thousands of tech companies are active in the city, drawn by its proximity to factories capable to churning out all manner of gadgets.

    The southern Chinese city has the centralized control, relentless efficiency and advanced manufacturing that lie at the root of President Xi Jinping’s concept of China’s future greatness.
    Shenzhen’s transformation from village to gritty manufacturing town goes back to 1979 and Deng Xiaoping’s decision to promote a plan to create China’s first “special economic zone.” That allowed foreign direct investment and private enterprise in a country where talk of such things would have been a political crime just a few years earlier.

    Armed with its new status, Shenzhen was permitted to experiment with more market-oriented policies than the rest of China, which was emerging from decades of man-made famines and communist factional violence.

    Shenzhen’s opening came at just the right time. Hong Kong, which had boomed for the last two decades, was upgrading its economy away from manufacturing and toward legal and financial services. Its mainland neighbor was perfectly positioned to pick up the slack. From that moment, investment poured in from across the border and the two cities’ fates were locked together.

    Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm

    QUICKTAKE ON SOCIAL:
    Follow QuickTake on Twitter: twitter.com/quicktake
    Like QuickTake on Facebook: facebook.com/quicktake
    Follow QuickTake on Instagram: instagram.com/quicktake
    Subscribe to our newsletter: https://bit.ly/2FJ0oQZ
    Email us at quicktakenews@gmail.com

    QuickTake by Bloomberg is a global news network delivering up-to-the-minute analysis on the biggest news, trends and ideas for a new generation of leaders.

    In This Story: China

    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

    7 Recent Items: China

  • ‘Amazing journey’ for Olympic swimmers Siobhan Haughey, Maggie MacNeil, says coach
  • China Seeks Talks With SEC Over IPO Ban
  • There’s a global semiconductor chip shortage and this is why it matters
  • Why is China committed to multilateralism?
  • Uganda receives 586,000 vaccine doses from China and Norway
  • Egyptian experts: Politicizing virus, vaccines mixes up priorities
  • Why does China value its relationship with Africa?
  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • Opposition Leader David Crisafulli calls for greater COVID testing resources | 7NEWS
  • Concerns grow over easing restrictions, unvaccinated as Delta threatens 4th COVID-19 wave
  • NSW records 207 new local cases, Queensland lockdown extended | 9 News Australia
  • LIVE: 207 cases of COVID-19 recorded in NSW | ABC News
  • 207 new local COVID-19 cases in NSW | Coronavirus | 9 News Australia
  • 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”.

    3 Recent Items: Hong Kong

  • There’s a global semiconductor chip shortage and this is why it matters
  • Could Hong Kong’s new immigration law ban residents from leaving? | DW News
  • Hong Kongers fear new immigration law could ban them from leaving
  • Leave a Comment