Business
Shenzhen, in keeping with its development as a modern city, has built a new industrial infrastructure, with high-tech industry and advanced manufacturing as its base and modern tertiary industry as its backbone.
In 2008, the GDP reached a record high of 780.65 billion yuan, an increase of 12.1% over 2007. Shenzhen's economic output is ranked fourth among the 659 Chinese cities (behind Beijing, Shanghai and Guangzhou), and it is comparable to that of a medium sized province in China. In 2008, Shenzhen's GDP per capita was 89,814 yuan (US$13,153), making it one of the richest of all Chinese cities.
Shenzhen has formed a modern industrial "aircraft carrier group", which has the high-tech industry as its "aircraft carrier", and other advanced industries as its "escort ships". Shenzhen has 34 industrial sectors. Of its 1,000-plus industrial products, 30 are in lead position in China in terms of total output. The following are some of the city's products, which have notched up a large share of domestic and international markets: containers, 38% globally; hard drives, 50% domestically and 10% globally; computer magnetic heads, 60% globally; laser pickups, 60% globally; program-controlled switching boards, 40% domestically; gene hepatitis B vaccine, 51% domestically; clocks and watches, 45% globally; and gold jewelry, 70% domestically.
Sector | Unit | Gross of First and Second Quarter | Rate of Growth ±% |
---|---|---|---|
Gross Domestic Product | 100 Million Yuan | 3631.69 | 8.5 |
Primary Industry | 100 Million Yuan | 2.94 | -23.2 |
Secondary Industry | 100 Million Yuan | 1629.56 | 4.9 |
# Industry | 100 Million Yuan | 1536.15 | 4.6 |
Tertiary Industry | 100 Million Yuan | 1999.19 | 12.1 |
#Transportation and Post | 100 Million Yuan | 162.31 | 9.2 |
Wholesale and Retail | 100 Million Yuan | 389.91 | 11 |
Lodging and Catering | 100 Million Yuan | 79.11 | 11.8 |
Finance and Insurance | 100 Million Yuan | 490.5 | 19.3 |
Real Estate | 100 Million Yuan | 275.63 | 29.1 |
Others | 100 Million Yuan | 601.73 | 3 |