Shenzhen Office

Asian Cities

2H 2017

 

Economy
Shenzhen is the second largest economy in Guangdong Province and the fourth largest in China. It is one of two key mainland cities in Guangdong’s Big Bay Area, which includes nine mainland cities and two Special Administrative Regions: Hong Kong and Macau. Shenzhen was granted China’s first ‘Special Economic Zone’ status in the late 1970s. This status, along with Shenzhen’s strategic location, allowed it to become China’s leading manufacturing hub for the next 30 years. In the past several years, the city’s strategic advantages have shifted to high-tech and modern services industries. 

Regarding financial performance, Shenzhen’s GDP rose 8.8% year-on-year (YoY) to RMB596 billion in 1H/2017, surpassing nationwide growth rates by 1.9 percentage points (ppts). Shenzhen’s tertiary (modern services) industry has increased its relative proportion of total industry output since 2011, reaching 61.4% in 1H/2017 - higher than the 54.1% national average. Its strategic location and modern services industry advancements have supported development of the Grade A office market.

 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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