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City Review

Shenzhen City Review

Mar 2017

US$725

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

From a small town in 1979, Shenzhen turned into China's fifth largest city by population and total GDP in 2016. The city is a financial and high-tech centre of the country and unsurprisingly its GDP per capita was the largest among the country's megacities in 2016. The city has hosted China's first Special Economic Zone since 1980, which explains the major boost to the city's economic development. Shenzhen is increasing its focus on service, as its tertiary sectors accounted for 60% of total GVA

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Overview

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SHENZHEN HIGHLIGHTS

Labour productivity in Shenzhen was 107% above the average productivity in China in 2016, but 16% below the figure in neighbouring Guangzhou. The tertiary education attainment of the population aged 15+ was the lowest among China's six largest cities, only 20% in the same year, though well above the 12% average in China. Labour productivity was largely driven by foreign direct investment (FDI), as the city was used as a pioneer for economic liberalisation.

High labour productivity and high employment rate are offset by lower household occupancy rate

High labour productivity and the impressive employment rate (95% of the 15-64 working age population in 2016) drove up Shenzhen's income levels, while, conversely, a lower household occupancy rate pushed it down. Per household disposable income surpassed the average for China by 40% in 2016, yet lagged 13% below Guangzhou's figure.

Smaller share of budget spent on food and beverages

In line with higher incomes, consumer expenditure (excluding transport and housing) per household in Shenzhen was 37% higher than elsewhere in China in 2016. As in any urban region with above-average income, households in Shenzhen spend a comparatively smaller share of budget on food and beverages (21% versus 25% in China in 2016). Spending on hotels and restaurants deviates most from the expenditure in China (4.9% of the total, versus 3.8%).

Higher motorisation rate increases transport expenses

In absolute value, consumer expenditure on housing and transport per household was 40% higher in Shenzhen than in other parts of the country in 2016 (USD3,200). Transport spending was as much as 53% greater in Shenzhen mainly due to a higher motorisation rate in the city compared to the rest of the country.

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SHENZHEN REVIEW AT A GLANCE

Understanding Shenzhen Review structure

Chart 1 Overview

Key facts on Shenzhen

Summary 1 Key Facts On Shenzhen 2011, 2016, 2021

SHENZHEN HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Shenzhen Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Shenzhen 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Shenzhen, China And Other Cities In Asia, 2011-2021
Summary 2 Labour Market Changes In Shenzhen 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Shenzhen 2011-2016

Household income

Chart 8 Household Distribution By Income In Shenzhen 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Shenzhen And China, 2016
Summary 3 Shenzhen Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Location And Trade Rather Than Culture Drives Tourism In Shenzhen
Young Active Population Of Shenzhen Needs Music And Mobility

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Overview

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SHENZHEN HIGHLIGHTS

High labour productivity and high employment rate are offset by lower household occupancy rate

Smaller share of budget spent on food and beverages

Higher motorisation rate increases transport expenses

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Table of Contents

SHENZHEN REVIEW AT A GLANCE

Understanding Shenzhen Review structure

Key facts on Shenzhen

SHENZHEN HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Megatrends

City Review

Shenzhen City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

SHENZHEN HIGHLIGHTS

High labour productivity and high employment rate are offset by lower household occupancy rate

Smaller share of budget spent on food and beverages

Higher motorisation rate increases transport expenses

Want to find out more about this report?

Table of Contents

SHENZHEN REVIEW AT A GLANCE

Understanding Shenzhen Review structure

Key facts on Shenzhen

SHENZHEN HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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