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February 2003
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SPECIAL REPORT

Shenzhen's Manifest Cultural Pursuits
Shenzhen People's Stories

 

Shenzhen: Pacesetter for Open China

By staff reporter LI WUZHOU

The China Hi-tech Fair exhibition hall

KINGDEE is the large financial software vendor that dominates the south China market. It was in Shenzhen that Xu Shaochun, now chairman and CEO of Kingdee International Software Group Co., Ltd., successfully guided the company through its transition from a private enterprise to a software giant.

Xu Shaochun came to Shenzhen ten years ago. On arrival at Shenzhen Railway Station he saw two signposts, one pointing to Shenzhen, and the other to Hong Kong. He was immediately aware of the difference between Shenzhen and other parts of China. Even buses here traveled faster than in other cities.

In 1991 Kingdee Software Co., Ltd., was founded. It was one of the earliest private businesses registered in Shenzhen. Its eight-year preference for hi-tech enterprises aside, the municipal government has otherwise always kept to a non-interference market policy. On the subject of Shenzhen, Xu Shaochun is full of praise. "You don't need to look for human connections here," he says. "Back in the days when we first tried to sell our financial software products, we simply went to prospective buyers, made presentations, and explained how we could help reduce operating costs. Shenzhen operated like a WTO member even then."

Kingdee's story is no exception, but rather typifies numerous hi-tech businesses that have emerged and thrived in Shenzhen's fertile environment.

Hi-tech Base with a Global Bearing
The Hi-tech Stage Built at a Professor's Suggestion
Vortex for Hi-tech Human Resources
An International Garden City
High-efficiency Government
Continuing as China's Pacesetter
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