All GDP figures are based on the national currency Chinese yuan (code:CN¥). For an easy comparison they are converted into US dollars according to official average annual exchange rates, purchasing power parity (PPP) according to comparison of IMF WEO figures. Per capita GDP in Hong Kong in 2018 was HK$381,870, equal to around 322,000 yuan according to the annual average exchange rate, which was well above Shenzhen's 200,000 yuan. A $3 trillion stock Shenzhen’s GDP now rivals that of Hong Kong. It was first of the four special economic zones (SEZs) that were set up in 1979 as test-beds for economic reform. Shown here are GDP figures publicized in provincial-level Statistical Yearbooks or official statistical communiques. City summary - December 2020. trillion in 2018, a 12,000 percent increase. Alpha – In 2018, Shenzhen was ranked an Alpha minus city by the Globalization and World Cities Research Network (GaWC) for the first time, Shenzhen trails only Shanghai and Beijing in China for overall GDP, ranking third at RMB 2,422 billion (US$366.03 billion) per year, its growth having eclipsed Hong Kong in 2018. Methodology. While in 1978 Shanghai’s GDP was a mere 27.3 billion yuan Renminbi, the city posted a GDP of CN¥3.3. In the Nanshan district, the average GDP per person in 2014 exceeded $49,000, the highest of any district in China and more than that in Japan and Germany. South China's technological powerhouse Shenzhen estimated Friday that its GDP rose about 7.5 percent year-on-year to surpass 2.4 trillion yuan (354 billion U.S. dollars) in 2018. Glittering skyscrapers flaunt Shenzhen’s amassing wealth. Shenzhen is a megacity, with one of the world’s largest ports and a population of more than 12m. y 2018, Shenzhen’s GDP had reached RM2.4 trillion (USD353 billion) with 2018’s GDP growth at 7.6%, the highest among all Tier 1 cities in China and leading most major cities in the Asia Pacific region. February 2018. Shenzhen also has its own stock exchange – the Shenzhen Stock Exchange. Shenzhen has set its GDP growth target at more than 8 percent for 2018, Mayor Chen Rugui said while delivering a government work report at the opening meeting of … Shenzhen, the little special economic zone that could, will very soon surpass Hong Kong in terms of overall economy size, according to one analyst.. Shenzhen’s GDP is estimated to be 2.32 trillion yuan, narrowly beating out a GDP of 2.28 trillion yuan projected for Hong Kong in 2018. The biggest Cinderella story is Shenzhen… However, per capita GDP in Hong Kong in 2018 was HK$381,870, equal to around 322,000 yuan according to the annual average exchange rate, and remains above Shenzhen's 200,000 yuan. Venture capital and private equity firms abound. Hong Kong’s GDP grew 3.8 percent last year and reached 340 billion USD. Shenzhen, which is also named “the Silicon Valley of China”, has now a higher GDP than its neighbor, the financial hub of Hong Kong. It is the eighth largest in … In 2017, it overtook Hong Kong’s growth per cent (3.7), with its GDP exceeding 2 trillion yuan and a growth per cent of 8.8, and cemented its …