Shenzhen neighbors Daya Bay in the east, the mouth of the Zhujiang (Pearl) River in the west, and Hong Kong in the south. It is located on the middle-south cast of Guangdong Province and is one of the earliest special economic zones in China. Shenzhen is also a newly rising tourist city with the most up-to-date tourist facilities and simple arrival procedures for visitors from abroad.
Shenzhen is one of the most flourishing cities in China during the past 20 years. In a general economic strength survey on Chinese Cities, Shenzhen was rated as the fifth strongest. Shenzhen owes that honor to its foresighted city plan, convenient transportation and communication, adequate power and water supply, sound financial system, mature educational and medical services, tourism network, booming, technology industry and a subway system in construction.
Since the establishment of the Special Economic Zone in 1980, Shenzhen has made rapid progress in economy. Shenzhen's main industrial products are electronics, light industrial products, textiles, garments, foodstuff, building materials, machinery, and chemicals, over half output of which are for export. It has become China's major export production base. In magnetic heads of computer hard-discs, its annual production accounts for 90% of China's total in value, while in diskettes and telephone sets, over 50% in output. Shenzhen has arisen as an advanced foreign-oriented industrial base.
Shenzhen has been endeavouring to better its financial investment environment, and attract more domestic and overseas financial institutions to set up branches or representative offices there. Over 50 HongKong and overseas stock companies have been engaged to act as sales agents or brokers for Shenzhen B-shares. Foundation has been laid for development of a new financial center in Shenzhen.
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