Shenzhen, China transformed from a small fishing village to a major global city through the establishment of a special economic zone. This allowed Shenzhen to develop rapidly through access to preferential policies, capital and technology. It has grown to have a highly advanced economy focused on finance, trade and technology with a GDP per capita higher than the rest of Guangdong province. The special economic zone model pioneered in Shenzhen has been replicated in other areas seeking economic growth, such as Ihu in Papua New Guinea and Cagayan in the Philippines.
Shenzhen, China transformed from a small fishing village to a major global city through the establishment of a special economic zone. This allowed Shenzhen to develop rapidly through access to preferential policies, capital and technology. It has grown to have a highly advanced economy focused on finance, trade and technology with a GDP per capita higher than the rest of Guangdong province. The special economic zone model pioneered in Shenzhen has been replicated in other areas seeking economic growth, such as Ihu in Papua New Guinea and Cagayan in the Philippines.
Shenzhen, China transformed from a small fishing village to a major global city through the establishment of a special economic zone. This allowed Shenzhen to develop rapidly through access to preferential policies, capital and technology. It has grown to have a highly advanced economy focused on finance, trade and technology with a GDP per capita higher than the rest of Guangdong province. The special economic zone model pioneered in Shenzhen has been replicated in other areas seeking economic growth, such as Ihu in Papua New Guinea and Cagayan in the Philippines.
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