Less than 40 years ago, Shenzhen was a fishing village of 30,000 people.
Today, Shenzhen produces 90 percent of the world’s electronics, has a nominal GDP of over 2.2 trillion RMB ($330 billion USD), and is home to over 12.5 million people.
By the end of last year, the city had over 3 million registered businesses — that’s one enterprise for every four people.
In 8 years, it has become the first city on the planet to boast a 100 percent all-electric public bus fleet.
And in less than 6 years, Shenzhen has doubled its economic output.
Long disparaged as a battlefield of ‘copycats,’ Shenzhen saw over 40 percent of its 2017 economic output come from innovative businesses spanning internet, telecom and biotech.