Shenzhen

Government

Main article: Shenzhen Government

Subway

Main article: Shenzhen Metro

History

2022

1st place in the number of skyscrapers above 200 meters: 120

Data for 2022

17.5 million residents of the city are isolated to combat the COVID-19 epidemic

Main article: Coronavirus COVID-19 in China

In March 2022, in China, 17.5 million residents of the southern city of Shenzhen were isolated from the outside world for at least a week to stop the growing outbreak of Covid-19.

Over the weekend of March 13-14, the number of cases of infection throughout China doubled to 3,400.

According to the government notification, the lockdown will be accompanied by three rounds of mass testing throughout the city.

2020

9 skyscrapers built in Shenzhen in a year

Cities of the world in which the largest number of skyscrapers were built in 2020 (200 meters high or higher)

Shenzhen apartment costs 44 times annual salary there

The migration boom and overpopulation Shenzhen in has led to the metropolitan area having the highest property prices and low home ownership rates. This was announced in mid-December 2020 by E-House (China) Enterprise Holdings.

As of December 2020, the cost of an average two-bedroom apartment in the Chinese analogue of Silicon Valley is approximately $900 thousand, while the per capita income is only $20 thousand. With an apartment that equates to 43.5 average annual fees for a Chinese resident, Shenzhen's housing affordability rate is only a notch higher than Hong Kong's, and it is the worst among 80 metropolitan areas. Only a third of Shenzhen residents own their apartments, less than half the size of other major Chinese cities like Shanghai and even less than the notoriously unaffordable U.S. tech hubs in San Francisco and Seattle.

The ratio of housing prices and incomes of citizens in different cities of the world

Property is seen as a prerequisite for single men who want to find a spouse, notes Yukon Huang, a former director of the World Bank in Beijing. - Many can do so using their parents "resources, but the less fortunate have to struggle to make upfront contributions, which can reach 35% for first homes.

More than 70% of China's Silicon Valley residents live in so-called "downtown villages" or "handshake buildings" that are so close together that residents can stick their hand out the window to shake a neighbor's hand. In such buildings, a room large enough for a couple costs from $250 to $300 per month. In an apartment outside such a "village," a similar room can cost three times as much.

Apartments in China's Silicon Valley cost 44 times the annual salary in the country

Shenzhen's home ownership rate is lower than in unaffordable U.S. tech hubs. The apartments that residents are allowed to buy make up only 12% of the total number of residential units, which is far from enough for a city whose population has grown about 42 times over the past 40 years.^[1]

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