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Industrial News
SZ’s trade with RCEP countries hits ¥279.1B | 2022-05-26
Shenzhen's foreign trade with the other 14 Regional Comprehensive Economic Partnership (RCEP) member countries reached 279.1 billion yuan (US$41.82 billion) in the first four months of this year, up 1.5% year on year and accounting for 27% of the city’s total trade.
Lending rate cut to boost support for economy | 2022-05-23
China cut the market-based benchmark lending rate Friday, the latest move to shore up the economy.
Online shopping festival rakes in sales over ¥5B | 2022-05-19
The fourth online shopping festival generated more than 5 billion yuan (US$740.7 million) in online sales in Shenzhen, with 90% of transactions for physical commodities, the city’s commerce bureau said yesterday.
Relief funds available for catering enterprises | 2022-05-13
Application for Shenzhen government rewards to catering enterprises has opened, over a month earlier than initially anticipated.
37B yuan in taxes cut for firms | 2022-05-13
Authorities in Shenzhen cut more than 37 billion yuan (US$5.5 billion) in fees and taxes for local enterprises in April following the implementation of a slew of policies to help ease the financial distress of business entities, Shenzhen Special Zone Daily reported.
Guangdong’s foreign trade exceeds ¥8T for first time | 2022-05-13
Guangdong's foreign trade moved up another notch in 2021 by exceeding 8 trillion yuan (US$1.18 trillion) for the first time despite growing headwinds in global trade, according to a press conference held by the provincial government information office in provincial capital Guangzhou on Thursday.
April rail-sea exports see double growth | 2022-05-12
A train carrying toys departed from a yard in Longchuan, in the city of Heyuan, Guangdong Province, and headed to Yantian Port on Tuesday, marking the official operation of the ninth inland port under Shenzhen Port’s sea-rail mode.
April SZ-HK cargo turnover up 72% | 2022-05-11
The cross-border cargo throughput between Shenzhen and Hong Kong reached more than 6,900 TEUs (twenty-foot equivalent units) a day on average in April, up by 72% over March and 1.34% over April last year.
SZ utilizes US$2.1B foreign capital in Q1 | 2022-05-11
Shenzhen's actual use of foreign capital exceeded US$2.1 billion in the first quarter (Q1) of this year, a surge of 32% year on year, according to data released by the city’s commerce bureau.
SZ factories running at full capacity: HK paper | 2022-05-10
Many factories in Shenzhen have managed to run at or near full capacity while adhering to the country’s “dynamic zero” COVID-19 policy, the Hong Kong-based South China Morning Post (SCMP) reported yesterday.