Monday , April 19 2021
Home / South China Morning Post / China’s tech megacity Shenzhen at risk of being high-income trap as GDP soars

China’s tech megacity Shenzhen at risk of being high-income trap as GDP soars

Summary:
[unable to retrieve full-text content]While the world’s second-largest economy is battling a so-called middle-income trap, its tech megacity Shenzhen is now facing the dilemma of trying to avoid a high-income trap, as the city’s gross domestic product (GDP) has swollen almost 15,000-fold in the past 40 years, according to experts.In 2018, the city’s GDP hit 2.42 trillion yuan (US2 billion), overtaking Hong Kong for the first time. Before 1980, Shenzhen’s GDP was just 0.2 per cent of Hong Kong’s. Meanwhile, Shenzhen’s GDP per…

Topics:
Cissy Zhou considers the following as important:

This could be interesting, too:

Tyler Durden writes Former Temple Business School Dean Charged Federally For Manipulating School Ranking Data

Tyler Durden writes Biden Blames Russia For The Exact Same “Interference” That US Corporate Media Is Guilty Of

Tyler Durden writes Another “Explosive Eruption” Detected At St. Vincent Volcano In Eastern Caribbean

Tyler Durden writes “It’s Totally Insane. Someone Made A Million On Dogecoin With His Stimulus Check”

[unable to retrieve full-text content]
While the world’s second-largest economy is battling a so-called middle-income trap, its tech megacity Shenzhen is now facing the dilemma of trying to avoid a high-income trap, as the city’s gross domestic product (GDP) has swollen almost 15,000-fold in the past 40 years, according to experts.In 2018, the city’s GDP hit 2.42 trillion yuan (US$372 billion), overtaking Hong Kong for the first time. Before 1980, Shenzhen’s GDP was just 0.2 per cent of Hong Kong’s. Meanwhile, Shenzhen’s GDP per…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.