People exercise in front of a portrait of China’s former paramount leader, Deng Xiaoping, at a square in Futian district, Shenzhen – the city he designated as the nation’s first special economic zone 40 years ago. Photo: Sam Tsang
China’s tech hub, Shenzhen, barely avoids economic contraction in first half of 2020
- Stronger investment, particularly in fixed assets and infrastructure, offset sharp declines in exports and retail sales
- But housing prices have surged in recent months as the city – China’s first special economic zone – approaches its 40th anniversary
People exercise in front of a portrait of China’s former paramount leader, Deng Xiaoping, at a square in Futian district, Shenzhen – the city he designated as the nation’s first special economic zone 40 years ago. Photo: Sam Tsang
