Shenzhen Still on Top Position in Urban Competitiveness List
Big cities in China still attracts big companies, but several analyst are worrying that it may gradually lose its luster as urban diseases are surfacing. Shenzhen a city in the southern Guangdong province once again was top in the urban competitiveness list for this year, followed by Hong Kong, Shanghai, Guangzhou and Taipei. Statistics have shown that Shenzhen’s gross domestic product have increased by 8.9 percent or 1.75 trillion yuan as its budget revenues moved forward 31 percent and stands at 272 billion yuan and the fixed assets investment grew 21 percent year on year.
The mayor of Shenzhen Xu Qin stated that the city is beefing up their innovation driven development strategy tool that will help boost local economic growth and continue to increase research and development investment that take up 4 percent of the city’s gross domestic product. A known coastal city it is also one of the most plagued with social issues ranging from traffic congestion, healthcare access, pollution, rising house price and security problems.
This issues called urban diseases pop up because of the imbalance that happens between a growing population and a shortage in urban resources, it’s a phenomenon that is hitting big cities such as Shenzhen, Shanghai, Beijing and Guangzhou. To solve these so called urban diseases urban networks are being used ti integrate adjoining cities and connect different markets that will reshape the economic geography and will limit such diseases.