Aerial view of chinese city,shenzhen

Shenzhen: From Fishing Village to Global Metropolis

In the 1980s, the southern Chinese coastal city of Shenzhen was not much more than a small fishing village, home to some 30,000 hearty souls eking out a living barely above the subsistence level.

China’s Lagging Services Economy

Services represent just under 50% of gross domestic product in China compared with 63% in Russia, 70% in Brazil, and 52% in India. China could rebalance export oriented growth if it adopts a more open and transparent services economy.