The Chinese city of Shenzhen has managed to escape the league drop zone, a ranking system that measures a country's economic performance based on various factors such as GDP growth, inflation, and foreign exchange reserves.
According to the latest data from the International Monetary Fund (IMF), Shenzhen ranked 25th out of 194 countries in its Economic Freedom Index for 2021. This is an improvement from its position in 2020, when it was ranked 76th.
In recent years, Shenzhen has been experiencing rapid economic growth, with its GDP increasing by more than 10% per year. The city is home to many multinational corporations, including Foxconn, which is one of the world's largest manufacturers of electronic devices.
However, Shenzhen's success in escaping the league drop zone is not without controversy. Some have argued that the city's rapid growth comes at a cost, with rising levels of pollution and inequality. Others have criticized the government for prioritizing economic growth over social welfare.
Despite these criticisms, Shenzhen remains a beacon of hope for many people around the world, who see it as a model for sustainable development. The city's success in escaping the league drop zone shows that with hard work and dedication, even the most challenging economic challenges can be overcome.