China's economic recovery: Shenzhen's tech-driven economy key to country's rebound

Boosted by a surge in demand for medical supplies, electronics and tech services, the city staged a remarkable recovery in the second quarter.

A view of the skyline of Yantian, Shenzhen. Much of Shenzhen's growth is tied to that of the Pearl River Delta, better known as the Greater Bay Area.
A view of the skyline of Yantian, Shenzhen. Much of Shenzhen's growth is tied to that of the Pearl River Delta, better known as the Greater Bay Area.PHOTO: AFP

SHENZHEN - When China ordered factories to shut at the height of the coronavirus outbreak in February, the export-dependent technological and electronics hub of Shenzhen was severely hit.

The city's economy shrank 6.6 per cent in the first quarter, the worst ever decline in four decades, official figures show.

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