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Title: A Tale of Two Cities - the Development and Reform Experiences of Shenzhen and Shanghai
Authors: Yeung, Wai Ho (Horace)
First Published: 17-Nov-2015
Citation: Journal of Chinese Economic and Business Studies, 2015
Abstract: Following gaige kaifang , the twin strategy of reform and opening up, Shenzhen has been designated as a Special Economic Zone. The city appeared to have bright future and would serve as the growth engine in China. Despite having an impressive record of economic development since 1979 , the prestige of Shenzhen as a commercial centre has always been overshadowed by Shanghai and Hong Kong. A breakthrough finally came when the State Council of China decided to develop Qianhai, a town near Shenzhen, into an international commercial centre. However shortly after , the China (Shanghai) Pilot Free Trade Zone representing an unprecedented degree of openness in relation to foreign investment and international trade was launched . No one seems to remember the once hopeful Qianhai area. The aim of this paper is to examine the path of development of the two leading commercial centres in China amidst the wider context of Chinese economic reform. A common issue facing both cities is, a lthough the state generally has no problem in outlining a vision of reform, a translation of this vision into actual credible measures that could be implemented is often problematic.
DOI Link: 10.1080/14765284.2015.1090268
ISSN: 1476-5284
eISSN: 1476-5292
Embargo on file until: 17-May-2017
Version: Post-print
Status: Peer-reviewed
Type: Journal Article
Rights: Copyright © Taylor & Francis. This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Chinese Economic and Business Studies on 17 November 2015, available online: doi: 10.1080/14765284.2015.1090268
Description: The file associated with this record is under an 18-month embargo from publication in accordance with the publisher's self-archiving policy, available at The full text may be available in the publisher links provided above.
Appears in Collections:Published Articles, School of Law

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