Futian is also one of the most expensive and exclusive districts in Shenzhen. Its pricey and modern apartments are particularly popular with young and single working professionals. While there is a handful of international schools in the area, family-sized apartments in Futian can be exorbitant.
Futian District, the richest district in Shenzhen, China, can top two Hangzhou and eight Xiamen. #scenery #trip #highway #Totinos425 #city.
Shenzhen is nicknamed the Silicon Valley of China.
The amount of ultra-rich people in Shenzhen jumped by 98% between 2012 and 2022, while Guangzhou noted an 86% increase. Alongside China, the U.S. dominates the top 10 with three cities. In the case of the U.S., however, all three cities are also in the top five.
In 2022, the number of high-net-worth individuals (US dollar millionaires) in Shenzhen reached 45,700, trailing only Beijing (128,200) and Shanghai (127,200) on the Chinese mainland. Though Hong Kong's millionaire population was higher at 129,500, it is shrinking fast (Shenzhen, by contrast, is surging).
Ma Huateng, who also goes by Pony, is the richest man in Shenzhen. He's worth US$25 billion, making him the fourth-wealthiest man in China, according to Forbes.
Baishizhou is the largest urban village in Shenzhen, with all the characteristics one could imagine of a slum — dark and narrow alleys, messy electric cables, damp air, and disorganized communities suffering from poverty.
Hong Kong is known for attracting some of the world's most successful and wealthy business people, with thousands of expats drawn to the city. According to the ECA index, the city has claimed the honor of being the world's priciest city three times in a row.
Beijing – the billionaire capital of China
Once again, Beijing is named among the 10 richest cities around the world, boasting a total of 128,200 resident millionaires, 354 centi-millionaires, and 43 billionaires. The official capital city of China, Beijing is the base for many of the world's largest companies.
There are 113 billionaires in Shenzhen, compared with 110 in New York, while London came in fifth with 101. The growing concentration of wealth isn't news to people in Shenzhen, which added eight billionaires since last year.
Around 10,800 millionaires left China in 2022, and the country has led the world in net outflows of high-net-worth individuals over the past decade. China had around 780,000 millionaires at the end of 2022, the firm estimates, making the country the third wealthiest in the world, behind the U.S. and Japan.
According to the 2021 Hurun Report, Sanya – a tropical playground on the island of Hainan south of mainland China – is the most popular destination among wealthy domestic travelers. Often referred to as the “Hawaii of China”, it's filled with luxury resorts, many managed by international brands.
Shenzhen consists of 10 districts, including Luohu, Futian, Nanshan, Bao'an, etc. Out of the 10 districts, there are 3 areas best recommended to stay for tourists, because most of the hotels in Shenzhen are in those areas. They are Luohu, Futian and Nanshan.
In 2021, the average price for residential real estate in Shenzhen was over 61.6 thousand yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to 16,533 yuan per square meter.
The cost of living in Hong Kong is 167% more expensive than in Shenzhen. Cities ranked 63rd and 4544th ($2884 vs $1079) in the list of the most expensive cities in the world and ranked 1st and 9th in China.
Guizhou has the largest poverty population, with 2.95 million. Xinjiang has the highest poverty rate, which is 9.9 per cent. Gansu, Guizhou, Tibet and Yunnan also have a poverty rate above 7 per cent.
Lujiazui. The Lujiazui Financial and Trade Zone can be found on the east side of the Huangpu River and is Shanghai's most impressive financial and commercial area.
Five cities in China have a GDP that measures between $200 and $300 billion. These are: Guangzhou ($248.985 billion), Shenzhen ($234.131 billion), Tianjin ($233.191 billion), Suzhou ($210.161 billion), and Chongqing ($206.408 billion). Of these cities, Guangzhou has the highest GDP at $248,985,000,000.
Shanghai. Widely regarded as the financial capital of China, Shanghai is home to 127,200 millionaires, 332 centi-millionaires, and 40 billionaires. The Shanghai Stock Exchange is the third-largest stock market in the world by market cap (after the NYSE and the Nasdaq).
The 11 best places for expats to live in China are Hangzhou, Shanghai, Beijing, Shenzhen, Chengdu, Xi'an, Qingdao, Kunming, Tianjin, Nanjing, and Fuzhou.
Nanshan is one of Shenzhen's most popular areas. Sometimes referred to as the city's 'garden district', a significant percentage of Shenzhen's expat population call Nanshan their home. Nanshan is known for being clean and giving residents easy access to some of Shenzhen's best green spaces.
There are now 6,990 foreigners who live in Shenzhen City as permanent residents, said sources from exit and entry section of Shenzhen Public Security Bureau. Shenzhen, which faces Hong Kong across a local river, is also one of the country's five special economic zones.
The coastal city, however, is also one of the most plagued by social issues such as traffic congestion, pollution, healthcare access and cost, rising housing price, and security problems, according to the report.