Shenzhen municipality was established in 1979 and became the first special economic zone in 1980. In a fleeting 40 years of time, Shenzhen special economic zone has emerged as a window to China’s reform and opening up, with remarkable progresses at all fronts, breathing its charm, dynamism, motivation and innovation in every way. On August 9th, 2019, the Opinions of the State Council on Supporting Shenzhen to Build a Leading Demonstration Zone of Socialism with Chinese Characteristics was issued, which has empowered Shenzhen a new historic mission to be completed.
In 2018, Shenzhen’s total GDP has hit a record-breaking level of 2.4 trillion RMB, ranking fifth in Asia and third in China, only next to Beijing and Shanghai. Shenzhen’s GDP per capita stands No.1 among cities across mainland China. The export value has topped the list of cities in mainland China. The friendliness of business environment and the PCT application number both ranked first around the country.
In addition, Shenzhen was rated as one of the 55 world-wide first-tier cities in 2018 (by GaWC, the world’s city research institute), the most innovative city in China (by Forbes 2018), second on the list of best destinations across the globe (according to Lonely Planet Publications), most advanced among smart cities in China (according to Chinese Academy of Social Sciences), the top 1 safe and stable city, and the youngest city (with an average age at 32.02) etc.
Shenzhen is the one of the most important exhibition and convention cities in China. Its total exhibition space and utilization rate on yearly basis have secured the top places for many years and still maintained an aggressive development speed. Yet the lack of exhibition centers in number and lack of exhibition hall space is really serious; development of Shenzhen’s exhibition and convention industry urgently calls for a new bigger venue.