|

International consultancy firm predicted Shenzhen to become a mega city

International consultancy firm predicted Shenzhen to become a megacityThe McKinsey Global Institute, a leading international consultancy firm has predicted that Shenzhen is going to be one of the first Chinese cities to become a mega city. China will be producing 221 mega cities with a population of 1 billion by the year 2025.

From the 221 mega cities ten of these will have a population of more than ten million people each. Shenzhen is a city of sub-provincial administrative status in southern China’s Guangdong province, situated immediately north of Hong Kong. Under the policies of reformist leader Deng Xiaoping, the area became China’s first and arguably one of the most successful Special Economic Zones.

Shenzhen’s novel and modern cityscape is the result of the vibrant economy made possible by rapid foreign investment. Since then, foreign nationals have invested in building factories and forming joint ventures. Shenzhen is also the home of Shenzhen Stock Exchange and serves as headquarters of numerous high-tech companies. The city is also the third busiest container port in China, ranking only after Shanghai and Hong Kong.



2 Comments for “International consultancy firm predicted Shenzhen to become a mega city”

  1. Shenzhen is the heart of the Pearl River Delta. Guangzhou and Donguan are basically suburbs of Shenzhen, so are Huizhou, Chungshan, jiangmen, Panyu, Nanhai, SanShui, Shenda etc. Add the populations together and we are looking at about 60,000,000 people in an area twice the size of Sydney. Shenzhen is the heart of a 60 million person mega city. Migrant population growth of 20% per year will ensure the population continues to grow. Add in Hong Kong and Macau those two sleepy backwaters, and Shenzhen is the heart of a 70 million person mega city. Viva Shenzhen!

  2. This is not much of a prediction, considering most business people or long term residents in Shenzhen are already aware of this. With the opening of SZ-HK border for easier travel and the extension of SZ to incorporate areas of Dongguan and Longhua.

    Also Shenzhen has announced the approval of 6 new check points. these will be used to control Chinese that are authorised in SZ and those that are not. This was also the case years ago when shenzhen was first opened.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Email: Click here

Have Your Say!

What is the BEST investment over the next 5 years?

View Results

Loading ... Loading ...

  1. Etienne Ducrot: Hi, I’m interested to contact this Foundation. Do you know how? Thanks. Etienne
  2. Emma: Hi Jasmin, I’ve read your article about a new medical center opens in Nanshan at the end of this month....
  3. sherry lee: A simple story with great words…I love it.
  4. Evangeline: Awesome piece!
  5. Glenda: Hi there, I enjoy reading through your article post. I wanted to write a little comment to support you.