THE QIANHAI CONCEPT AND ITS CONCEPTION
Qianhai in the western part of Nanshan Peninsula of the Shenzhen Special Economic Zone with an area of 15 sq. kilometers is located at the geographic centre of the Pearl River Delta. The concept of Qianhai was conceived in as early as 2005/2006 in the context of a new economic development model for China. Despite China’s high rate of economic growth in the past 20 years, its economic structure remains underdeveloped with a relatively small modern service sector.