One Chinese City Has Figured Out the Future

If China's leaders want to innovate, they should look to Shenzhen once again.

Shenzhen hosts 8,000 tech companies, including several world-beaters.

Photographer: Brent Lewin/Bloomberg

China's Xi Jinping recently declared that he wants China to rank as one of the world's most innovative countries by 2020 and to top the list by mid-century. Going by past practice, this probably means a lot more money being poured into dodgy startups and ill-conceived high-tech schemes. There's a better model to be found, however, one that's surprisingly close to home: the southern boomtown of Shenzhen.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.