News Snapshot:
We are aware of the transformational economic impact of a cluster-led development model. Shenzhen over the last 40 years has transformed itself from a small fishing village near Hong Kong into a large metropolis with over 10 million people. In 2018 the Shenzhen SEZ region (around 300 sq km) was estimated to have contributed over $250 billion in exports, while GDP per capita in the region shot up from $122 in the early 2000s to over $28,000 in 2019. Foxconn alone is estimated to employ over 400,000 people in its two campuses in Shenzhen. Similarly, the Northern Key Economic Region...
