(YourDigitalWall Editorial):- Shenzhen, Guangdong Apr 27, 2023 (Issuewire.com) – In 1992, Deng Xiaoping visited Shenzhen, which supported and affirmed the Shenzhen economic model and inspired the people of Shenzhen. With the opening up of China to the outside world, the economic consumption center of Shenzhen gradually moved westward beyond Luohu District, and the focus was on the Futian District in the 1990s. Over the years, a middle class with consumption power emerged, and with the accumulation and development of the industrial base, a market of the division of labor and spontaneity was formed. Hua Qiang Bei, located in Futian District, developed into the Hua Qiang Bei Business Circle with the electronics street as the industry leader, creating an economic miracle.
In 1994, Vanguard Super Department moved to Hua Qiang Bei and introduced the Singaporean “warehouse mall” model, which was a key factor in activating the whole Hua Qiang Bei Business Circle. The department store’s success led to the transformation of more than 40 buildings in the Shangbu Industrial Zone into commercial areas, and the rise of various other businesses such as the “International Electrical Appliance City” and the “Manha Clothing Mall.” The author, Song Shiqiang, also mentions his earliest connection with Hua Qiang Bei and his efforts to work for its prosperity.
The market, Hua Qiang Bei, an electronics market in Shenzhen, China has been a hub for small and medium-sized enterprises, and many successful companies have emerged from it.
The author, Song Shiqiang, is the general manager of Kinghelm and Slkor, two companies that started in Hua Qiang Bei. The author discusses the success of the Chinese economy, which he attributes to the complementation of state-owned enterprises and small private businesses. The author also discusses the growth of Hua Qiang Bei and how it has been nurtured by the government and supported by state-owned enterprises. The passage also contains personal anecdotes about the author’s experiences in Hua Qiang Bei and the people he has met there. Finally, the author mentions that Kinghelm and Slkor have moved their headquarters to Shenzhou Computer Building in Bantian, Longgang, and that Slkor’s IC design and research team is now located in Korea and Suzhou, while Kinghelm’s processing plants are located in Tangxia, Dongguan, and Li.
Hua Qiang Bei is an electronic market located in Shenzhen, China. It is famous for being the world’s largest electronics market and a hub for electronic components, including emulation mobile phones, Bluetooth headsets, and other electronic products. The market is known for its fierce competition, creativity, and the ability to produce billionaires. The influx of migrants from Pearl River Delta Region and Shenzhen brings fierce competition and creativity. Hua Qiang Bei Chaoshan bosses are famous for daring to fight, which combines the bloodiness of the Hunan people, the Society of Brothers tradition of Sichuan and Chongqing people without procrastination. The market’s products are mostly electronic components, characterized by storage capacity and convenience of transportation, which can earn money decades later and thousands of kilometers away. Additionally, the market has electronic components with high unit prices and high standardization, and the customers are basically 2B manufacturers, making the transaction mostly wholesale, where many people can make money easily. The active electronic components have the characteristics of unique model correspondence; they can’t be used universally with a single difference. Therefore, if the products of downstream customers just lack this material, scarce material numbers can earn a lot of money, which belongs to commercial compensation value. Like Kinghelm and Slkor, Hua Qiang Bei’s companies all belong to the electronic and information industries, which is in line with this great era.
This article was originally published by IssueWire. Read the original article here.
