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The economic powerhouse saw its GDP hit 13.57 trillion yuan ($1.89 trillion) in 2023, growing 4.8 percent year on year, according to the government work report released during the annual session of the Guangdong Provincial People's Congress. It accounted for about one-tenth of the national total.

The story of Shenzhen's remarkable transformation, from a fishing village to one of the top high-tech cities in the world, is one that economists have studied as a model for industrial development.