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Shanghai as opposed to Shenzhen, and you will Hypotheses

The two towns and cities demonstrated solid parallels inside the macro-peak framework. 3 Very first, Shanghai and Shenzhen keeps equivalent high quantities of financial advancement. In the 2005, brand new GDP each capita is 67,492 yuan (whenever 10,652 Us cash) when you look at the Shanghai and you can 60,801 yuan (whenever nine,600 All of us cash) in the Shenzhen (Shanghai Statistical Yearbook, 2006; Shenzhen Statistical Yearbook, 2010). 2nd, Shanghai and you can Shenzhen are the 2 biggest migrant-acquiring towns and cities inside China. In 2005, exactly how many migrants are 4.38 billion within the Shanghai and you can 5.76 billion when you look at the Shenzhen (Shanghai Mathematical Yearbook, 2006; Shenzhen Mathematical Yearbook, 2010). 3rd, Shanghai and you can Shenzhen express higher housing prices, and thus placing teenagers in ranks in which it deal with similar structural restrictions when creating , the average homes rates try 14,099 yuan (just as much as 2,226 Us bucks) per square meter into the Shanghai and 11,143 yuan (approximately 1,759 All of us bucks) for every rectangular meter into the Shenzhen, ranked the following plus the 5th certainly all of the Chinese towns (Livable Town Search Lab, 2009). (más…)