Civic Center, Shenzhen Lianhuashan Park (2018

Night View of Office Buildings in Shenzhen Bay

The Shenzhen speed (

simplified Chinese Simplification, Simplify, or Simplified may refer to: Mathematics Simplification is the process of replacing a mathematical expression by an equivalent one, that is simpler (usually shorter), for example * Simplification of algebraic expressions, ...

: 深圳速度;

traditional Chinese A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or ...

: 深圳速度) was a term originally used during the early stages of

Chinese economic reform The Chinese economic reform or reform and opening-up (), known in the West as the opening of China, is the program of economic reforms termed " Socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of C ...

to describe the fast construction of

Guomao Building The Guomao Building (, otherwise known as International Foreign Trade Centre) is an office tower and one of the earliest skyscrapers in Shenzhen, China. Its fast construction process was termed the "Shenzhen speed". Located at the junction of ...

Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

. Being the tallest building in China at the time, Guomao Building boasts an efficient construction progress in which the completion of every

storey A storey (British English) or story (American English) is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the word are ''storeys'' (UK) and ''stories'' (US). T ...

took a mere three days. The term has been used to describe the fast growth of Shenzhen as one of the first

special economic zones of China When Deng Xiaoping took over as the paramount leader of the People's Republic of China (PRC), he presented himself as a pragmatic contrast to his predecessor Mao, who was more of a theorist and an ideologist. Deng's main goal was to lift people out ...

, which has been called "China's

Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo County ...

" and the "Instant City". Since 1979, Shenzhen has transformed from a small fishing village to be one of the world's most important technological hubs with one of the highest ''per-capita'' income levels in

mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

. In 1984 and 1992,

Deng Xiaoping Deng Xiaoping (22 August 1904 – 19 February 1997) was a Chinese revolutionary leader, military commander and statesman who served as the paramount leader of the People's Republic of China (PRC) from December 1978 to November 1989. After CC ...

, then

paramount leader of China Paramount leader () is an informal term for the most important political figure in the People's Republic of China (PRC). The paramount leader typically controls the Chinese Communist Party (CCP) and the People's Liberation Army (PLA), often ho ...

and the "Chief Architect of

Reform and Opening-up The Chinese economic reform or reform and opening-up (), known in the West as the opening of China, is the program of economic reforms termed "Socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of Ch ...

", made inspection tours to Shenzhen, endorsing the "Shenzhen speed" and the development model of the special economic zones.

References

Economy of Shenzhen Economic liberalization Economic booms Reform in China Economic history of the People's Republic of China {{PRChina-stub

See also

References