Industrial News
City unveils fresh measures to spur economic growth |
2022-07-08
Shenzhen on Wednesday unveiled a new set of 30 measures to support various aspects of economy, including further alleviating companies’ burdens, increasing financial support for the real economy, boosting consumption, and reviving culture and tourism, in its latest move to boost market confidence and spur economic growth.The measures are the city’s fifth round of targeted policies designed for the current complex and challenging econ
Shenzhen economy’s rapid recovery continues |
2022-07-04
Shenzhen's economy continues its rapid recovery from the COVID-19 pandemic, with the city’s added value of industrial enterprises above designated size between January and May up by 4.9% year on year, 0.7 percentage points higher than that of the first four months, according to the city’s statistics bureau.By sector, the added value of mining and manufacturing industries above designated size increased by 13.8% and 4.9% year on y
SZ issues 23 measures to stabilize economy |
2022-07-01
Shenzhen on Tuesday released a plan including 23 financial measures to further stabilize economic activities, according to Shenzhen Special Zone Daily.The plan stated that the city will open 20,000 accounts for small and micro enterprises to apply for their first loans, and add loans worth 200 billion yuan (US$29.84 billion) for small and micro enterprises that enjoy the country’s inclusive preferential tax policies, 90 billion yuan
SZ tops GD in 618 shopping gala spending |
2022-06-21
Shenzhen's transaction volume on e-commerce giant JD.com ranked first among cities in Guangdong Province during this year’s 618 shopping gala, a large online shopping event that wrapped up yesterday, according to data from JD.com.As of 11:59 p.m. Saturday, the cumulative amount of orders placed during the 618 festival on JD.com in 2022 had exceeded 379.3 billion yuan (US$56.8 billion).Despite a slowdown in growth and pandemic con
City’s foreign trade rebounds strongly in May |
2022-06-15
Shenzhen's foreign trade rebounded quickly in May, a sign of recovery as the local government’s targeted supportive measures to boost foreign trade and stabilize the economy started to pay off, customs data showed yesterday.The city’s air and sea cargo throughputs increased by 16.4% and 34.8%, respectively, in May year on year, data from Shenzhen Customs showed yesterday.As of June 8, Shenzhen Port had handled a total of 12.51 mi
Workstations lend overseas-funded firms helping hand |
2022-06-14
Shenzhen's foreign-invested company service workstations are offering one-on-one services to overseas-funded enterprises in the city, helping them weather difficulties in production and operation during the pandemic, the municipal commerce bureau said Friday.While its ground supply chain was blocked due to the pandemic, Hong Kong-funded Kyorin Industry (Shenzhen) Co. is expected to realize a revenue increase of 25%, as one workst
Foreign contracted projects to get rewards of up to 2M yuan |
2022-06-13
Shenzhen will offer rewards up to 2 million yuan (US$298,111) to enterprises signing contracts in the overseas market and for major overseas exhibition projects, as per measures unveiled by the municipal commerce bureau Wednesday.With a view to promote high-quality development of overseas investment and cooperation, the measures encourage innovation in outbound investment and contract signing abroad, and support companies to settle c
Policy to cement SZ’s status as ‘city of innovation’: expert |
2022-06-10
Fan Jianping, president of Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences, believed that the introduction and implementation of Shenzhen’s guidelines on developing strategic emerging industrial clusters and fostering future industries is expected to further consolidate the status of Shenzhen as a “city of innovation.”“The guidelines are greatly significant for Shenzhen to speed up the construction of a globall
SZ kickstarts 109 projects worth ¥101B for Q3 |
2022-06-08
Shenzhen kickstarted the construction of a total of 109 projects worth 101.3 billion yuan (US$15.19 billion) for the third quarter (Q3) at a ceremony at the construction site for the Mindray Medical Equipment Manufacturing Base project in Longhua District yesterday.The Mindray Medical Equipment Manufacturing Base project, with a total investment of 2.2 billion yuan, is one of the core projects.Covering 128,000 square meters, the proj
SZ tourism market rebounds during holiday |
2022-06-07
Young customers play in an area with temporary tents in UpperHills shopping center in Futian District on Sunday, the last day of the three-day Dragon Boat Festival holiday. Sun YuchenWith Shenzhen’s tourism market rebounding during the Dragon Boat Festival holiday, the city became the fifth top traveler’s destination and second top tourist source region during the three-day holiday which started Friday, according to data released by