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Shenzhen is a sub-provincial city of Guangdong province in southern People's Republic of China, situated north of Hong Kong. Shenzhen is a center of foreign investment and since the late 1970s has been one of the fastest growing cities in the world. It is also the busiest port in the PRC after Shanghai. In the past two decades, outsiders have invested more than $30 billion in Shenzhen for building factories and forming joint ventures.
The one-time fishing village of Shenzhen, singled out by late Chinese paramount leader Deng Xiaoping, to be the first of the Special Economic Zones (SEZ) in China. It was originally established in 1979 due to its proximity to Hong Kong, then a prosperous British colony. The SEZ was created to be an experimental ground of capitalism in "socialism with Chinese characteristics".
The location was chosen to attract industrial investments from Hong Kong since the two places are nearby each other and share the same culture. The concept proved to be a great success, propelling the further opening up of China and continuous economic reform. Shenzhen eventually became one of the largest cities in the Pearl River Delta region, which has become one of the economic powerhouses of China as well as the largest manufacturing base in the world.
Shenzhen, formerly known as 'Bao'an County ', was promoted to prefecture level, directly governed by Guangdong province, in November 1979. In May 1980, Shenzhen was formally nominated as a "special economic zone", the first one of its kind in China. It was given the right of provincial-level economic administration in November 1988.
Shenzhen is the earliest of the five special economic zones in China. Deng Xiaoping is usually credited with the opening up of economic revival in China, often epitomized with the city of Shenzhen, which profited the most from the first legacies of Deng.
Shenzhen is home to the world's ninth tallest building, the Shun Hing Square (Diwang Building). As people start to congest the downtown area, Shenzhen has built 23 buildings over 200 metres, mostly in the Luohu and Futian districts. The second tallest building in Shenzhen is SEG Plaza at a height of 356 meters (292 meters to roof-top). It is located in the commercial and shopping district of Hua Qiang Bei. According to Emporis, Shenzhen is ranked ninth in the world in terms of highrise buildings, and fifth best city skyline in the world.
Shenzhen has some of the most audacious projects that China has ever seen, and it has been a site for China to showcase its wonder. The International Trade Center, built in 1985, was the tallest building in China when built, and the Shun Hing building was also the tallest in Asia when it was built (still the tallest steel building in the world).
Shenzhen is also the site for many tall building projects. Some of the supertalls that have been either proposed or approved are well over 400 meters. The current tallest building under construction is the 439 metre tall Kingkey Finance Tower, which will be finished in 2010. However, there are many renders of supertalls that will surpass the Kingkey Finance Tower height by 2015.
There had been migration into southern Guangdong and what is now Shenzhen since the Southern Song Dynasty (1127-1279) but the numbers increased dramatically since Shenzhen was established in the 1980s. In Guangdong, it is the only city where Mandarin is mostly spoken, with migrants from all over China. At present, the average age in Shenzhen is less than 30. Among the total, 8.49 percent are between the age of 0 and 14, 88.41 percent between the age of 15 and 59, one-fifth between 20 and 24 and 1.22 percent are aged 65 or above.
The population structure polarizes into two opposing extremes: intellectuals with a high level of education, and migrant workers with poor education. It was reported in June 2007 that over 20 percent of China's PhD's worked in Shenzhen.
Shenzhen's major tourist attractions include the Chinese Folk Culture Villages, the Window of the World, Happy Valley, Splendid China, the Safari Park in Nanshan district, the Dameisha Promenade, Xiaomeisha Beach Resort in Yantian district, Zhongying Street, Xianhu Lake Botanical Garden, and Minsk World. The city also offers free admission to a number of public parks including the Lianhuashan Park, Lizhi Park, Zhongshan Park and Wutongshan Park. Shenzhen is famous for the great variety of cuisines that its numerous restaurants provide.
Most tourists, however, choose to stay in a largely expatriate and exotic residential community called Shekou, home to a large French cruise liner cemented into the ground, confiscated on drug smuggling charges. Shekou was expanded and renovated in recent years, including claiming additional land from the sea.