![]() ![]() Its nominal GDP has surpassed neighboring cities of Guangzhou and Hong Kong and is now among the top ten cities with the largest economies in the world. Shenzhen also has the fifth-highest number of billionaires of any city in the world, the second largest number of skyscrapers of any city in the world, the 28th largest scientific research output of any city in the world, and several notable educational institutions, such as Shenzhen University and Southern University of Science and Technology.ĭue to the city being a leading global technology hub, Shenzhen has been dubbed by media China's Silicon Valley. ![]() The city's entrepreneurial, innovative, and competitive-based culture has resulted in the city being home to numerous small-time manufacturers or software companies. Several of these firms became large technology corporations such as phone manufacturer Huawei, holding company Tencent, and drone-maker DJI. ![]() Shenzhen's rapid success has resulted in the Chinese government turning Shenzhen into a model city for other cities in China and the world to follow.Īs an important international city, Shenzhen hosts numerous national and international events every year, such as the 2011 Summer Universiade and the China International High-tech Achievements Fair.
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