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As part of Deng Xiaoping’s 'reform and opening up' policies, China named Shenzhen a special economic zone in 1980. Over the next 40 years, Shenzhen transformed from a rural backwater with a population of 20,000 to China's answer to Silicon Valley. It forms part of the “Greater Bay Area”, so created in 2016 by the Chinese government, which groups nine Guangdong cities with Hong Kong and Macau as an economic hub.
Wang Zongxing’s restaurant business in the southeastern Chinese city of Shenzhen has been badly hurt by the coronavirus pandemic. But the 33-year-old noodle shop owner is also frontman in a rock 'n' roll band, a side gig that is helping him play his way through the Covid-19 “blues”.
The technology hub’s government plans to put 69,350 new flats up for sale by the end of the year, compared with the 50,434 that are currently being marketed
The technology hub’s government plans to put 69,350 new flats up for sale by the end of the year, compared with the 50,434 that are currently being marketed
China blocked a range of Australian exports last year for problems ranging from pest infestations to mildew, as fears grow Beijing will widen restrictions on Australian goods.
China blocked a range of Australian exports last year for problems ranging from pest infestations to mildew, as fears grow Beijing will widen restrictions on Australian goods.
The changes afoot reflect the competition between the three stock exchanges – Hong Kong, Shanghai and Shenzhen – to claim the crown as the go-to destination for Chinese companies.
The changes afoot reflect the competition between the three stock exchanges – Hong Kong, Shanghai and Shenzhen – to claim the crown as the go-to destination for Chinese companies.
A bout of mysterious sell-offs has dragged Chinese B shares to a decade low this week, reminding investors of unfinished reforms in one corner of China’s US$7.5 trillion stock market.
A bout of mysterious sell-offs has dragged Chinese B shares to a decade low this week, reminding investors of unfinished reforms in one corner of China’s US$7.5 trillion stock market.
The five were held in January last year as part of a national crackdown triggered by a factory dispute in the southern city of Shenzhen.
The five were held in January last year as part of a national crackdown triggered by a factory dispute in the southern city of Shenzhen.
New book examines the human consequences of a globalised system in which an American smartphone is produced by a Taiwanese company using a mainland Chinese workforce
New book examines the human consequences of a globalised system in which an American smartphone is produced by a Taiwanese company using a mainland Chinese workforce
Shenzhen’s economy shrank 6.6 per cent in the first quarter of 2020 as the coronavirus took its toll on China’s hi-tech hub.
Shenzhen’s economy shrank 6.6 per cent in the first quarter of 2020 as the coronavirus took its toll on China’s hi-tech hub.
China is seeking to nurture the ChiNext technology board in Shenzhen, which fosters one of the world’s most valuable medical ventilator maker, Shenzhen Mindray.
China is seeking to nurture the ChiNext technology board in Shenzhen, which fosters one of the world’s most valuable medical ventilator maker, Shenzhen Mindray.
China has promised help to small and medium-sized businesses amid the coronavirus outbreak, but the loans are in some cases being incorrectly used for real estate investments.
China has promised help to small and medium-sized businesses amid the coronavirus outbreak, but the loans are in some cases being incorrectly used for real estate investments.
The pro-establishment camp must perfect the art of balancing the demands of ‘one country’ with the appeal of ‘two systems’, while the pro-democracy camp must stop lobbying foreign countries.
The pro-establishment camp must perfect the art of balancing the demands of ‘one country’ with the appeal of ‘two systems’, while the pro-democracy camp must stop lobbying foreign countries.
As the coronavirus has spread abroad, global logistics have slowed and shipping firms have reduced capacity, hitting business at China’s top eight ports.
As the coronavirus has spread abroad, global logistics have slowed and shipping firms have reduced capacity, hitting business at China’s top eight ports.
Animal rights groups hope the Shenzhen ban will start a domino effect in other cities and sparing animals across China.
Animal rights groups hope the Shenzhen ban will start a domino effect in other cities and sparing animals across China.
Sense of community is strong on mainland side, with general understanding that people are ‘all in this together’.
Sense of community is strong on mainland side, with general understanding that people are ‘all in this together’.
After European buyers complain of being sold substandard products, Beijing says only companies approved by the National Medical Products Administration can ship their goods overseas.
After European buyers complain of being sold substandard products, Beijing says only companies approved by the National Medical Products Administration can ship their goods overseas.
China’s housing market is staging a revival as more sales offices reopen across the country following a nationwide shutdown, saving home builders from a deeper liquidity crunch.
China’s housing market is staging a revival as more sales offices reopen across the country following a nationwide shutdown, saving home builders from a deeper liquidity crunch.
Shenzhen Bioeasy Biotechnology will ship new kits to Spain to make sure ‘patients get the best diagnostics’ after research institute said it found they had an accuracy rate of less than 30 per cent.
Shenzhen Bioeasy Biotechnology will ship new kits to Spain to make sure ‘patients get the best diagnostics’ after research institute said it found they had an accuracy rate of less than 30 per cent.
China’s biggest property developers are hurting from one catastrophe or another. First, it was a slowdown in the country’s economy, and now, it is the Covid-19 pandemic.
China’s biggest property developers are hurting from one catastrophe or another. First, it was a slowdown in the country’s economy, and now, it is the Covid-19 pandemic.
Shenzhen, the Silicon Valley of China, is rushing new measures to help the city’s developers avert a liquidity crisis amid the coronavirus outbreak and soften the blow to new home sales over the past two months.
Shenzhen, the Silicon Valley of China, is rushing new measures to help the city’s developers avert a liquidity crisis amid the coronavirus outbreak and soften the blow to new home sales over the past two months.
Renovating the flat might have been a rocky experience for both the designer and homeowners, but the result made it all worth it.
Renovating the flat might have been a rocky experience for both the designer and homeowners, but the result made it all worth it.
A triple whammy of cybersecurity threats, a trade war and the coronavirus outbreak are exacerbating a backlash to globalisation and generating fresh questions about whether the technology industry relies too much on China.
A triple whammy of cybersecurity threats, a trade war and the coronavirus outbreak are exacerbating a backlash to globalisation and generating fresh questions about whether the technology industry relies too much on China.
China’s ban on the trading and consumption of wildlife, sparked by the coronavirus outbreak, has breeders and suppliers of widely consumed animals such as frogs and turtles worried about their future.
China’s ban on the trading and consumption of wildlife, sparked by the coronavirus outbreak, has breeders and suppliers of widely consumed animals such as frogs and turtles worried about their future.
The adaptation shows how the coronavirus outbreak has opened the door for innovative applications to emerge from existing tech.
The adaptation shows how the coronavirus outbreak has opened the door for innovative applications to emerge from existing tech.
Shenzhen, mainland China’s hottest property market last year, has seen an 80 per cent decline in home sales amid the outbreak of Covid-19, Hong Kong brokerage Midland Realty said.
Shenzhen, mainland China’s hottest property market last year, has seen an 80 per cent decline in home sales amid the outbreak of Covid-19, Hong Kong brokerage Midland Realty said.
The authorities in the south China tech hub include protection for pets as part of measures to implement total ban on wildlife consumption.
The authorities in the south China tech hub include protection for pets as part of measures to implement total ban on wildlife consumption.
The ChiNext index has risen 26 per cent in 2020, making it the best performer among all the gauges tracking Chinese onshore and offshore equities
The ChiNext index has risen 26 per cent in 2020, making it the best performer among all the gauges tracking Chinese onshore and offshore equities
Returning workers get shuttle buses, bonuses and their own rooms – but only so they can quarantine
Returning workers get shuttle buses, bonuses and their own rooms – but only so they can quarantine
Anxiety over whether mainland-based Hong Kong schoolchildren will be forced to return to class later than locals. Coronavirus closes schools until at least March 16.
Anxiety over whether mainland-based Hong Kong schoolchildren will be forced to return to class later than locals. Coronavirus closes schools until at least March 16.
From Wuxi to Hengyang, local governments are rolling out measures to release a chokehold on property sales.
From Wuxi to Hengyang, local governments are rolling out measures to release a chokehold on property sales.
Hong Kong cannot hope to rival Shenzhen when it comes to nurturing start-ups, but the government can do more to encourage them
Any plan to sideline the defiant former British colony ignores the central role the financial hub plays for China’s economy. Its rule of law and various freedoms have become even more valuable now amid the US-China trade war.
Rather than eroding Hong Kong’s competitiveness, the central government’s proposal should be seen as an opportunity for this city to contribute to the nation’s development
In the near future, unless it changes course, Hong Kong will be more unsafe and unstable, while Shenzhen will be less unfree and more prosperous
President Xi Jinping and other top leaders have given Shenzhen special status, allowing it to trial innovative ideas for growth that if successful, could be a model for others to follow.