Shenzhen, China is the centre of the country’s economic miracle. In just over 30 years Shenzhen has been transformed from a tiny little fishing village to the most prosperous “Unique Financial Zone” in China. Because of this many companies look to open their initial Chinese office in the city and there are definitely numerous good reasons to do so. So right here are 5 of the very best to get you began.Proximity to Hong KongHong Kong is only a couple of miles away and there are numerous simple to access crossing points dotted around the city. The busiest border point is Lohou exactly where tens of thousands of people sally back and forth every day.For expats this means it is each handy and inexpensive to get into Hong Kong with a round trip journey on the island’s MTR system costing around 100 HKD (about $13 USD), and station hopping in between points following crossing the border is good worth as well (generally no more than ten HKD).For companies that indicates you can access all the benefits of Hong Kong and combine them with all the advantages of China. That includes cheap but nicely educated labour, and banking facilities that enable simple transfer of funds to other areas of the globe.Special Financial ZoneShenzhen was produced to provide an economic boom, it is a “unique economic zone” exactly where there are legal and financial incentives for foreign corporations to invest in and develop long lasting businesses. This zone has now been extended to cover extra locations that previously weren’t able to compete on an equal basis such as Bao’an and Longgang.There is a push from central government to improve conditions in other provinces but nearby government is firmly behind the ongoing prosperity of the city and has announced 28 regulations because the start of the year to improve prospects for foreign owned companies.Events and NetworkingThere are numerous trade shows and other promotional events around China, however Shenzhen is trying extremely hard to position itself as a premier business destination. The first indicators of the city asserting its personal image are the upcoming Universiade Games – exactly where 163 countries will compete on an international stage in university athletics tournaments.Skilled Higher Tech BusinessLook at your computer, it is highly most likely that your keyboard, mouse and monitor had been made in Shenzhen. The city is a pioneer of higher technologies and is currently investing billions in LED the cutting edge of low power light production, and is house to companies such as Foxconn and BYD too.For foreign businesses this is incredibly helpful as the city can provide a much higher ability set for employers than other similar sized Chinese cities.LanguageThere is a dearth of English language skills in China, compared to most nations the country has the 2ndlowest level of functional English literacy in the globe. Nevertheless Shenzhen has a much greater rate of English speakers than the rest of the nation, partly because of the proximity to Hong Kong and partly because the city has been involved in foreign business for much longer than the rest of the country.Investors in the country should appear to discover the local language (which in Shenzhen is Mandarin not Cantonese – unlike the rest of the province where the reverse is accurate) but it’s a large time saver to be able to discover skilled employees who can speak your language from the start of your project.Starting a Business in Shenzhen, China – 5 Factors to Do So