Let’s start with a video from Professor X. Click here or type the following in your browser:
Shenzhen has become the Silicon Valley of the East, or in the next decade we would say the US’s Silicon Valley is the Shenzhen of the West.
If you bought all the stocks in the Shenzhen Exchange, you could be very wealthy and there is no need to read my books on investing.
For example, it would take 9 months to assemble a new product but only 3 months in Shenzhen as most of the components are readily available next door or in the next street. Shenzhen’s advantages are no longer tax credit and cheap labors (but highly-trained Chinese technicians, engineers and researchers). Many tech companies from over the world come to Shenzhen to set up shops in order to be successful.
There are many high-tech products from Shenzhen and they’re sold all over the world.
Under Uncle Deng’s vision, Shenzhen has become one of the (if not the) wealthiest city in China. Your home work is to study the many articles on Shenzhen starting with Wikipedia or enter the following in your browser.
For extra credits,
1. There are several other Youtube videos on this amazing city.
2. Why copying the current technology to make it better or using it for a new product is creative and profitable?
3. Any other countries copy Shenzhen's model and will they be successful?
Have a good day, class.