The rise of China's 'Silicon Valley'
Forty years ago, Shenzhen was a poor fishing village on the southern coast of China. Today, it's one of the fastest growing cities on the planet. CNN's Matt Rivers explores the rise of China's Silicon Valley where the country first experimented with the idea of free trade and foreign investment.
02:16 - Source: CNN Business
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The rise of China's 'Silicon Valley'
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An aerial view shows the Evergrande Changqing community on September 26, 2021 in Wuhan, Hubei Province, China. In 2015, Evergrande real estate acquired four super large projects in Haikou, Wuhan and Huizhou, with a total construction area of nearly 4 million square meters and a total amount of 13.5 billion yuan. Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced by the company could impact China's economy, and the global economy at large.
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