SHENZHEN -- The southeastern Chinese city of Shenzhen, a global manufacturing hub that bustles with technology-driven startups, is facing radical changes in the global business climate with massive implications for its future.
No sooner had it overtaken neighboring Hong Kong in terms of gross domestic product, when Shenzhen was whacked by the trade war with the U.S. and the novel coronavirus pandemic. Those twin blows choked off the flow of venture capital into the city's young and growing companies.
