Industrial News
Importers enjoy ¥1.71B in tariff cut under CEPA |
2022-09-21
Importers from Shenzhen Customs-administered territory enjoyed a total of 1.71 billion yuan (US$250.734 million) in tariff reductions for 16.5 billion yuan worth of goods under the Closer Economic Partnership Arrangement (CEPA) between 2012 and 2021, the customs authority said.Implemented in 2004, CEPA is a free trade agreement concluded by the mainland and Hong Kong covering four areas, namely trade in goods, trade in services, inve
SZ’s IC industry posts steady growth momentum |
2022-09-16
Shenzhen, as China’s tech innovation center, is the distribution, application and design centers of China’s integrated circuits (ICs) and has seen its IC industry maintain rapid development in recent years.In particular, the city’s IC design industry has been prominent, boasting leading storage products as well as assembly and testing capabilities that lead the country, Shenzhen Special Zone Daily reported Wednesday.Shenzhen Longsys
Airport intl. cargo turnover up by 24.9% |
2022-09-16
Shenzhen Bao’an International Airport’s international cargo turnover reached 65,000 metric tons in August, up by 24.9% year on year and 8.3% over the previous month.Imports stood at 18,000 metric tons and exports reached 47,000 metric tons, up 29.8% and 23.1% year on year, respectively, data from Shenzhen Customs showed.In August, the Shenzhen airport opened five new cargo routes to improve its capacity as an air logistics hub, bring
25 local private enterprises enter top 500 |
2022-09-13
Shenzhen took the lead in Guangdong Province with 25 private enterprises entering the China Top 500 Private Companies for 2022 list, according to a report released by the All-China Federation of Industry and Commerce last week.Four companies from Shenzhen, namely Amer, Huawei, Tencent and Vanke, took the fourth, fifth, sixth and ninth places among the 500 enterprises.A total of 51 enterprises from Guangdong entered the China Top 500
Shenzhen’s CPI grows by 2.3% in August |
2022-09-13
Shenzhen's consumer price index (CPI), a primary barometer of inflation, grew by 2.3% year on year in August, down 0.4% compared with July, according to the statistics released by the Shenzhen survey team of the National Bureau of Statistics on Sunday.From January to August, the city’s CPI increased by 2.4% on average year on year.In month-on-month terms, both food and nonfood prices declined in August, falling by 0.8% and 0.3%,
Gov. interprets foreign investment rules |
2022-09-13
An interpretation session organized by the Shenzhen Municipal Commerce Bureau was held online to help overseas investors better understand the newly unveiled Regulations of Shenzhen Special Economic Zone on Foreign Investment, which will come into effect Nov. 1.The session was held during a brand exchange activity between Paris and Shenzhen, where representatives of several French companies and institutions in the catering, clothing,
Night economy shows consumption potential |
2022-08-30
A report recently released by Liaowang Think Tank showed that Shenzhen ranked eighth in the country in terms of the influence of the urban nighttime economy in 2021.The influence evaluation encompasses multiple dimensions, including innovation capacity, communication capacity, industrial size and foot traffic of business circles, the report reads.Nighttime harbors great consumption potential as urbanites can finally slow down th
Airport cargo throughput from Jan. to July rises 21.5% |
2022-08-26
The cargo and mail throughput of Shenzhen Bao’an International Airport reached 443,000 tons between January and July this year, up by 21.5% year on year, the city’s transport bureau said in a release Thursday.So far this year, the airport has opened five new international cargo routes with Hanoi in Vietnam, Doha in Qatar, Leipzig in Germany, New York in the U.S., and Bangalore in India, bringing the total number of international airf
City’s foreign trade jumps 4.2% in July |
2022-08-25
The city’s foreign trade recovery continued in July, with imports and exports increasing 4.2% year on year to 293.2 billion yuan (US$42.67 billion), customs data showed Tuesday.From January to July, cargo imports and exports reached 1.91 trillion yuan, up by 1.8% over the same period last year.In the past seven months, the general trade, which involves longer industrial chains and products of higher added value, topped 967.89 billion
Mawan Container Port throughput up by 50% |
2022-08-24
Mawan Container Port’s TEU (twenty-foot equivalent unit) throughput reached 1.86 million units between January and July, up by 49.7% year on year, customs data showed Tuesday.The container port, the country’s first fully automated port upgraded from a traditional port, is also the first 5G-based smart port in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Since it was put into operation at the end of last year after upgrading,