this weekend, i walked yuanling (园岭), one of the first industrial and residential areas to be developed when shenzhen was officially special.
printing factories still operate in the shrinking industrial area park, however, those that have not been razed for upscale housing development have been and/or are being upgraded to storefront for warehouse like stores for ornate furniture and luxury bathrooms.
it sobers me to think that only ten years ago, this area was a vibrant industrial park, the realization of a particular understanding of modernization, when production and manufacturing were the at the core of shenzhen’s economic development strategy. suddenly and abruptly, individualized consumption has been enshrined as economic productivity in the (literal) wreckage of those past ambitions.
when i first came, shenzhen speed was defined in terms of accelerating 100 years of western modernization into a few decades. but all this instant upgrading has me wondering just how fast is an economic cycle anyway? and what comes next? restructuring and economic depression? pics of upgrades, here.