There isn’t much to see in Qianhai today except for a tract of muddy, mostly undeveloped land that has been reclaimed from the sea in the southern Chinese city of Shenzhen, near the border with Hong Kong.
A gleaming meeting hall built by the local government to host potential investors sits largely marooned, surrounded by dusty plots of new land that run for miles in every direction. The steady clang of passing dump trucks fills the air.
Six years from now, officials here envision, Qianhai will be a thriving, international finance district in Shenzhen that will stand shoulder to shoulder with Wall Street, the City of London or Hong Kong’s Central District. The local government anticipates a working population of 650,000 people generating annual gross domestic product of around $25 billion in Qianhai by 2020 — plans that call for total investment of nearly 400 billion renminbi, or about $65 billion.
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