
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first and one of the most successful—Special Economic Zones (SEZs). It currently also holds sub-provincialadministrative status, with powers slightly less than a province.
Shenzhen's modern cityscape is the result of the vibrant economy made possible by rapid foreign investment since the institution of the policy of "reform and opening" establishment of the SEZ in the late 1979, before which it was only a small village. Both Chinese and foreign nationals have invested enormous amount of money in the Shenzhen SEZ. More than US$30 billion in foreign investment has gone into both foreign-owned and joint ventures, at first mainly in manufacturing but more recently in the service industries as well. Shenzhen is now reputedly considered as one of the fastest-growing cities in the world.[2]
Being southern mainland China's major financial centre, Shenzhen is home to the Shenzhen Stock Exchange as well as the headquarters of numerous high-tech companies. Shenzhen is also the third-busiest container port in China, after Shanghai and Hong Kong.
Demographics
Historical populations | ||
Year | Pop. | ±% |
351,871 | — | |
1,214,800 | +245.2% | |
7,008,428 | +476.9% | |
10,357,938 | +47.8% | |
Population size may be affected by changes on administrative divisions. | ||
Shenzhen City annual growth rate (%).
Shenzhen has seen its population and activity develop rapidly since the establishment of the SEZ. Shenzhen's population is roughly ten million. About six million of these people are migrant workers who return home on the weekends and live in factory dormitories during the week. Shenzhen is the largest migrant city in China.[10]
There had been migration into southern Guangdong and what is now Shenzhen since the Southern Song Dynasty (1127–1279) but the numbers increased dramatically since Shenzhen was established in the 1980s. In Guangdong, it is the only city where Mandarin is mostly spoken, with migrants from all over China. At present, the average age in Shenzhen is less than 30. Among the total, 8.49 percent are between the age of 0 and 14, 88.41 percent between the age of 15 and 59, one-fifth between 20 and 24 and 1.22 percent are aged 65 or above.[11]
The population structure polarizes into two opposing extremes: intellectuals with a high level of education, and migrant workers with poor education.[12] It was reported in June 2007 that over 20 percent of China's PhD's worked in Shenzhen.[13]
According to the Hong Kong General Chamber of Commerce, in 2002, 7,200 Hong Kong residents commuted daily to Shenzhen for work, and 2,200 students from Shenzhen commuted to school in Hong Kong. Though neighbouring each other, daily commuters still need to pass through customs and immigration checkpoints, as travel between the SEZ and the Hong Kong Special Administrative Region (SAR) is restricted.
In late July 2003, China relaxed travel restrictions to allow individuals from the southern cities of Guangzhou and Shenzhen, as well as Beijing and Shanghai, to visit Hong Kong. Previously, mainland travelers could only visit the city as part of tour groups.
Immigration into Shenzhen from the Chinese interior was previously restricted by the hukou system. One consequence is that just outside of Shenzhen, there exist large towns consisting of now settled migrants who had previously attempted to enter the city.
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