National Economic Status Shenzhen was the first to be designated as a 'Special Economic Zone' by Deng Xiaoping, the mastermind of China's opening-up policy. As a part of the Chinese market economy experiment, Shenzhen has obtained great success. Today the city is a gateway to the world's largest industrial zone, boasting state-of-the-art technology, thriving shipping logistics, and burgeoning financial activities. In 2002, Shenzhen's GDP reached USD 223.941 billion. The total amount of imports and exports added up to USD 87.1 billion, including an export value of USD 46.52 billion. The total industrial output value was RMB 422.1 billion, with the output value of the high-tech industry accounting for 46% of the total industrial output value. By the end of 2002, the accumulated foreign capital reached USD 31.519 billion. For such rapid growth and achievement, Shenzhen is recognized as the economic powerhouse of China. Geographical Advantage Located at the mouth of the Pearl River Delta, Shenzhen faces the New Territories of Hong Kong to the south, Daya Bay to the east, and Dongguan and Huizhou to the north. As the primary city of Guangdong province, it is a large transportation center that is home to the largest land port, the second largest container seaport, and the fourth largest airport in China. Cargoes passing through Shenzhen customs benefit from enhanced supervision and automated operation such as advanced central screening of declaration forms and speedy inspection and release of goods upon arriving at checkpoints. With the Hong Kong-Zhuhai-Macau Bridge under construction, Shenzhen will continue to build its infrastructure for the future. Supporting Industry Advantage Shenzhen is the hub of high-tech product R&D, including computers and parts, communication equipment, audio visual products, optical and electromechanical products, biological engineering products, etc. Except for chips, its 1500 factories produce all types of computer components. Their annual manufacturing capacity is over 30 million sets. Over 30 million lines provide communication and exchange. All this makes Shenzhen the electronic support center for mainland China. The China International High-tech Result Fair is an annual event in Shenzhen. Immigrant Culture Advantage Shenzhen is a newly emerging immigrant city. Its culture differs from the traditional culture of other cities in that it has transformed and revitalized inland culture while assimilating and fusing Hong Kong-oriented foreign culture. The unique geological and cultural environment of Shenzhen has created an exceptional Shenzhen culture known for its openness, tolerance, and innovation.