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In ‘miracle’ city Shenzhen, fears for China’s economic future

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Reuters UK

By David Kirton SHENZHEN, China (Reuters) – David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags to toothbrushes. Now 47, he has plans to branch out internationally by building internet-connected consumer devices. But after two years of coronavirus lockdowns that have pushed up the price of shipping and battered consumers’ confidence, he worries if his business wil…

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