How China’s Shenzhen Grew From Fishing Village into Major Financial Centre

How China’s Shenzhen Grew From Fishing Village into Major Financial Centre

Shenzhen started out as a market town with a population of around 30,000 people, located on the route of the Kowloon-Canton Railway. In 1979, Shenzhen was promoted to city-status and in 1980 it was designated China’s first Special Economic Zone (SEZ), through the initiative of former Chinese leader Deng Xiaoping.

The removal of restrictions on business, its advantageous geographical location and the development of transport infrastructure caused a rapid inflow of investment from Hong Kong and other regions into the SEZ.

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