sustained growth of the "window of the Chinese economy

"I can not say that the city of Shenzhen is not affected by the world financial crisis, but it would be able in spite of all to display an economic growth of 11.5% this year", declared lately Yong Ying, director attaches the Office of the Trade and the industry of the city of Shenzhen, a city situated in the province of the Guangdong, close to Hong Kong.

"The growth rate of the exports of the city reached 17% to the first quarter, before descending to 8.8% in August, and to go back up to 9.2% in October. For all year in 2008, the volume of the exports could progress of 10% ", it has said, at the time of an interview granted to the press agency of Xinhua (New China).

According to him, the sales of consumer goods on the domestic market should increase of 19% this year, a relatively high level in relation to these last years.

"The continuous Shenzhen economy to grow to a good rhythm, although he slowed down slightly, he has concluded, assigning this good result to the application of a high technology politics favorable to the enterprises and to those to high value added .

According to statistics published by the Office of the Trade and the industry of the city, the good performance of the local economy especially explains itself by the fast development of the enterprises of high technology and by the increase of the sales on the home market.

"This year, the performance of the enterprises of high technology is very good. They represent 58% of the industrial GDP of Shenzhen, specify Yang Hong, president of Shenzhen Hangsheng Electronics Co., Ltd, a society manufacturing the GPS and auto – radios.

The turnover of its group should reach 2 billions of yuan in 2008, either a rise of 20% in relation to last year, it has revealed.

The industrial zone of Anbao, the most important industrial zone of Shenzhen, represents the third of the GDP of the township. During the first three quarters of this year, this area that shelters 20,804 enterprises, displayed an economic growth of 11%, guaranteeing the one of Shenzhen thus.

"Sustained by the enterprises of high technology and by those to high added value, the exports of the township of Shenzhen did not move back during the first three quarters. Besides, the enterprises of Shenzhen are often financially sustained by Hong Kong", explain Kang Nianfu, economist of the Center of research and development being a matter for the provincial government of the Guangdong.

According to statistics published by the Office of the trade and the industry, 628 enterprises put the key under the door since the beginning of the year. They represented 0.1% of the GDP of the township. In the same time, 4,000 enterprises were created, that absorbed a good part of the workers that had lost their use.

The township of Shenzhen, nicknamed "the window of the Chinese economy", has been declared Special Economic Zone in 1980. Simple village of fishers to its origin, today the city became an immense business center. She assures more than 15% of the exports of the country with a strong specialization in the new technologies.

According to Xie Pengfei, director of the Center of research and development, the economic growth of the province of the Guangdong could reach 10.3% this year, against 8% foreseen by the city in the beginning of the year.


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