City Profile - Shenzhen; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

City Profile - Shenzhen; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

Summary

“City Profile - Shenzhen” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Shenzhen. The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.Shenzhen metropolitan area is the one of most populous area in China, with the population density of 7,632 people/km2. Shenzhen, a pivotal city in the Pearl River Delta, has transformed into a dynamic international metropolis, primarily driven by its robust service and secondary sectors, including manufacturing, trade, finance, and technology innovation. In 2023, after significant COVID-19 containment efforts, Shenzhen's economy rebounded strongly, growing by 6.0% compared to 2022. Over the forecast period (2024-30), Shenzhen's real GDP is projected to grow at an average rate of 4.7%, outpacing other major cities in China. The city remains committed to technological advancement and economic diversification, positioning itself as a global leader in innovation and industry.Scope

• Shenzhen is a key manufacturing center in China. The contributes more than 34% to the area’s total GVA. The open door policy introduced by the provincial government has turned Shenzhen into a major financial centre of Southern China and, thus, promoting a rapid infrastructural development
• Being one of the key technological and business hubs of the country and with geographical proximity to Hong Kong, Shenzhen is a popular tourist destination for both domestic and international tourists. The opening of the bullet train line in 2018 further bolstered its tourism sector, with attractions like the Chinese Folk Culture Village and Lianhuashan Park adding to its allure. Despite these attractions, Shenzhen experienced a notable decline in overnight tourist arrivals in 2022, largely due to the impact of the COVID-19 pandemic

Reasons to Buy

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.