The Shenzhen speed () was a term originally used during the early stages of

Reform and Opening Up Reform and opening-up ( zh, s=改革开放, p=Gǎigé kāifàng), also known as the Chinese economic reform or Chinese economic miracle, refers to a variety of economic reforms termed socialism with Chinese characteristics and socialist market ...

period to describe the fast construction of Guomao Building in

Shenzhen Shenzhen is a prefecture-level city in the province of Guangdong, China. A Special economic zones of China, special economic zone, it is located on the east bank of the Pearl River (China), Pearl River estuary on the central coast of Guangdong ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. Being the tallest building in China at the time, Guomao Building, constructed by China Construction Third Engineering Bureau Group Co. Ltd, boasts an efficient construction progress in which the completion of every

storey A storey (English in the Commonwealth of Nations, Commonwealth 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 wor ...

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 The Special Economic Zones of China (SEZ) are designated areas with economic policies and regulations designed to attract foreign business. These zones have more Free market, market-oriented business regulations compared to the rest of the country. ...

, which has been called "China's

Silicon Valley Silicon Valley is a region in Northern California that is 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 area of the Santa Clara Valley ...

" 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", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addit ...

. In 1984 and 1992,

Deng Xiaoping Deng Xiaoping also Romanization of Chinese, romanised as Teng Hsiao-p'ing; born Xiansheng (). (22 August 190419 February 1997) was a Chinese statesman, revolutionary, and political theorist who served as the paramount leader of the People's R ...

, 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", 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 Reform and opening up {{PRChina-stub

See also

References