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China wants India to invest in Shenzhen

China wants India to invest in Shenzhen

Indian industries are accustomed to Chinese imports, but a call to Indian investors to "come to Shenzhen"-a leitmotif at a recently held seminar in Mumbai-reminded them of the power of market forces. With a GDP of $200 billion and a per capita GDP of $20,000, the city of Shenzhen offers a dream-come-true story of growth and success. What was a fishing village some 30 years ago is now one of China’s biggest logistics hubs. The city is built on an economy that depends on high-tech industries, advanced manufacturing and modern service clusters. The clusters of "core" industries that Shenzhen is attracting include new energies and logistics, apart from new material, IT and finance.

The city’s close proximity to Hong Kong apart, it is China’s first trade zone to have air, sea, rail and road logistics in place. Indeed, its airport is China’s fourth busiest, and its port the world’s fourth largest in container traffic. With mixed land use, Shenzhen also offers RMB financing for cross-border loans, and bonds.

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