“A tale of two cities” in Guangzhou and Shenzhen: a comprehensive comparison of economy, finance and people’s livelihood and the way of urban development

Guangzhou and Shenzhen are the two cities with the largest economic volume in China except municipalities directly under the central government. In 2020, the GDP scale will reach 2.5 and 2.8 trillion yuan respectively, contributing 2.5% and 2.7% of the national GDP and 22.6% and 25% of the GDP of Guangdong Province. From the perspective of body size, it has been equivalent to 54.3% and 60% in Taiwan, China, 104.6% and 115.7%. in Hongkong, China.

First, “Guangzhou for 30 years and Shenzhen for 10 years” reflects the changes of the first city in South China. Since 2018, the gap between Guangzhou and Shenzhen has narrowed again. At present, the two cities are still equal. Guangzhou has the advantages of being the business capital of the dry year and the capital of Guangdong Province. It has steadily ranked the first city in South China for more than 30 years after the reform and opening up. Shenzhen continues to close the gap with Guangzhou by virtue of the “Shenzhen speed”. The latest revised data show that Shenzhen’s GDP exceeded that of Guangzhou for the first time in 2012, and the relative gap between Guangzhou and Shenzhen reached the maximum in 2018, with Guangzhou’s GDP accounting for 83% of Shenzhen’s, and then narrowed again, with Guangzhou’s GDP accounting for 90% of Shenzhen’s in 2020

Second, It is better to be close to a port than to a “port”. In terms of location endowment and economic factors, Guangzhou and Shenzhen have different geographical characteristics. Guangzhou is “Millennium old port” and the decline of inland shipping, so the location advantage is relatively reduced; Shenzhen has become a special zone because it is adjacent to Hong Kong. Several advantages such as geography, policy and innovation vitality complement each other. As a coastal city, the economy is more supported by export-oriented industries. The land area of Guangzhou is larger than that of Shenzhen, but the rural area is larger, and the indicators of construction land such as industrial and commercial service land are less In Shenzhen, it may be more seriously restricted by land. Third, compared with Guangzhou, Shenzhen attracts a younger population with higher education, or is conducive to the development of labor-intensive and knowledge-based industries.

Third, Guangzhou’s urban orientation has shifted from emphasizing the city portal function in the past to focusing on the new vitality of the old city, and the four new colors “. The development focus has shifted from the function of Commerce and logistics to scientific and technological innovation, advanced manufacturing and modern service industry. It has launched the” double engine “of artificial intelligence, digital economy and urban renewal, and accelerated the digital, green and international transformation of urban development, Build a world-class smart city and achieve high-quality development in the new era. Based on its position as an economic and innovation center, Shenzhen has successfully achieved stable urban economic growth by seizing major opportunities such as digital economy and financial services. We believe that urban planning and positioning also play an important role in urban development

 

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