International consultancy firm predicted Shenzhen to become a mega city
The 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.