Shenzhen economic model

The Shenzhen economic model is a development strategy centered on rapid growth through opening up to global markets, attracting foreign investment, and promoting innovation. Originally a small fishing village, Shenzhen transformed into a thriving city by implementing special economic zones, offering favorable policies, and encouraging entrepreneurship. This model emphasizes leveraging technology, infrastructure, and a receptive business environment to drive economic expansion, making Shenzhen a leading hub for electronics, finance, and logistics in China. It demonstrates how strategic reforms and openness can turn a modest locality into a major global economic center.