Emerging from the depths of Shekou’s industrial heart, the “Time is Money, Efficiency is Life” Slogan Stele stands as a testament to China’s economic transformation. Here, at the crossroads of Nanhai Boulevard, Taizi Road, and Gongye 1st Road, this unassuming billboard became a rallying cry. The Time is money, efficiency is life Slogan Stele wasn’t always an iconic landmark. It began as a simple quote by Yuan Geng in 1981. He was the director of Shekou, a small district in Shenzhen. Imagine Shenzhen in the 1980s, a stark contrast to the bustling metropolis it is today. The annual income of a Hong Kong farmer was 70 times that of a Shenzhen farmer. Though separated by a single river, the Shenzhen River, the two regions seemed worlds apart. Yuan Geng understood this disparity. He envisioned a Shekou that embraced a new philosophy, a philosophy encapsulated in the now-famous phrase: “Time is Money, Efficiency is Life.” The Time is money, efficiency is life Slogan Stele was strategically placed. It was a message to Hong Kong investors, a bold declaration of Shekou’s commitment to rapid development and economic progress. This simple slogan resonated deeply, becoming a powerful symbol of China’s reform and opening-up policy. It perfectly captured the spirit of the era, a time of unprecedented economic growth and transformation. In 1983, the slogan’s impact was demonstrably clear. Sanyo Electric, a Japanese company, decided to invest in Shekou. What was supposed to be a week-long negotiation was concluded in just three days. A testament to Shekou’s newfound efficiency. A month and a half later, the Sanyo factory was operational. The Time is money, efficiency is life Slogan Stele’s message was more than just words; it was a promise put into action. The slogan’s reach extended beyond Shekou. In 1984, Deng Xiaoping visited Shekou and was introduced to the slogan by Yuan Geng. Deng, the architect of China’s economic reforms, recognized its power. He fully endorsed it. Later that year, during the 35th-anniversary celebrations of the People’s Republic of China, the slogan was proudly displayed on parade vehicles, broadcasting its message nationwide. The Time is money, efficiency is life Slogan Stele became synonymous with the “Shenzhen speed,” a term used to describe the city’s rapid growth and development. In 2010, it was voted the most influential concept in Shenzhen’s 30-year history. It embodies the city’s relentless pursuit of progress. More than a slogan, the Time is money, efficiency is life Slogan Stele represents a shift in mindset, a bold embrace of a new era. It is a symbol of the courage, the ambition, and the ingenuity that propelled China’s economic miracle.
Time is money, efficiency is life Slogan Stele
Discover cities like never before.
Enjoy over self-guided city exploration with our app ‘Explory’. Learn all about the history and discover hidden more than 500.000 hidden gems, that only locals know about. Build custom tours, find nearby places, and start exploring instantly.
More Places in Shenzhen
Clear Water Bay First Beach
How about a quick escape from the city’s hustle? Clear Water Bay First Beach offers exactly that. This beach is
Hong Kong Observatory Headquarters
What if I told you this building silently watches over Hong Kong? Right here before us stands the Hong Kong
Ma On Shan Iron Mines
What secrets do these silent hills hold? We stand before the Ma On Shan Iron Mines, a place etched into
Clear Water Bay Second Beach
A refreshing kiosk awaits. Welcome to Clear Water Bay Second Beach. Feel the sun on your skin. This isn’t just
rock carving at Cape Collinson
Engraved in time, the rock carving at Cape Collinson whispers stories from 3000 years ago. These Bronze Age markings are
Tsing Chau Lighthouse
Gazing up at Tsing Chau Lighthouse, have you ever wondered about the lives it touched? Tsing Chau Lighthouse, also known
Mount Davis
Overlooking the western shores of Hong Kong Island, Mount Davis stands as a silent sentinel. It whispers tales of wartime