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Innovation, private economy, GBA, well-being top concerns of SZ deputies | 2025-03-06
Journalists attend a news conference for the third session of the 14th National People's Congress at the Great Hall of the People in Beijing yesterday. Technological innovation, the private economy, development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), and people’s well-being are among the main focuses of Shenzhen deputies attending the annual session of China’s top legislature, which opens in Beijing on
SZ to nurture 1,000 gazelle firms, 80 unicorns | 2025-03-06
Shenzhen will leverage government guidance funds to support early-stage and long-term investments in hard tech startups, aiming to set up a service system to nurture 1,000 gazelle end 80 unicorn companies by 2027.The city will establish a mechanism for identifying, cultivating, and strengthening gazelle firms and unicorns, according to a policy document the Shenzhen Municipal Bureau of Industry and Information Technology released Mon
Graphics: Key figures in China's 2025 government work report | 2025-03-06
Chinese Premier Li Qiang delivered the government work report at the opening meeting of the third session of the 14th National People's Congress on Wednesday at the Great Hall of the People in Beijing.The infographic below highlights China's key targets for 2025, including an annual economic growth target of around 5 percent, and the key achievements in 2024.China aims to create over 12 million new urban jobs and keep the sur
City reveals strategies to propel AI sector | 2025-03-06
By 2026, the number of AI companies in Shenzhen will surpass 3,000, with at least 10 unicorns, according to an action plan on building Shenzhen into an internationally influential AI pioneer city, which was released yesterday. The city plans to launch over 10 innovation incubators for AI and embodied intelligence robots. In another action plan, the city vows to grow its AI terminal industry to over 800 billion yuan (US$110 billion) b
SZ’s special effects industry behind ‘Ne Zha 2’ | 2025-03-04
An employee of Shenzhen Huaqiang Fantawild Culture Technology Group Co. works on the waterfall special effect.Nie Huajun (R), a founder of Shenzhen Rock Visual Effects Technology Co., at work with employees.The animated film “Ne Zha 2” has set new box office records again, with revenue exceeding 14.16 billion yuan (US$2 billion) by Saturday morning and becoming the first Asian film to enter the top seven on the global box office char
City unveils new plans to optimize business environment | 2025-03-04
Shenzhen released yesterday three new work plans to create a superior business environment that is market-oriented, law-based, and internationalized, demonstrating Shenzhen’s unwavering commitment to nurturing the best possible business environment for market entities.An aerial view of Shenzhen. As per the plans, unveiled at a press conference held by the Shenzhen Municipal Government Information Office, the city will furth
Zimbabwe eyes collaboration with Shenzhen on wetlands | 2025-03-03
Sithembiso Nyoni (R), Zimbabwe’s minister of environment, climate, and wildlife, pays a visit to Shenzhen. Sithembiso Nyoni, Zimbabwe’s minister of environment, climate, and wildlife, said during a visit to Shenzhen that Zimbabwe is looking forward to cooperating with Shenzhen in green infrastructure, wetlands conservation, biodiversity protection, and sustainable development.Shenzhen Deputy Mayor Dai Jintao met with N
Lawmakers vote for 10 projects to improve well-being | 2025-03-03
Shenzhen lawmakers have voted for 10 key projects that aim to improve people’s well-being for the year, steering the city government towards the betterment of residents’ daily lives.This marks the fourth consecutive year that the city’s legislative body has implemented this voting scheme.The 10 selected projects for this year were winnowed down from a pool of 12 proposed initiatives during the concluding session of the city legislatu
Consensus reached at meeting on 'Merchandise Passports' | 2025-03-03
The Shenzhen Consensus, which outlines 12 actions related to the institutional innovation of the global ATA Carnet system, was formulated during the World ATA Carnet Council (WATAC) meeting in Shenzhen recently. Participants engage in a discussion during the World ATA Carnet Council (WATAC) meeting in Shenzhen. Photos courtesy of CCPIT ShenzhenCommonly known as “Merchandise Passports,” ATA Carnet is a temporary interna
City plans 798 key projects worth ¥3.15T in 2025 | 2025-03-03
Shenzhen will plan and accelerate the construction of 798 key projects with a total investment of 3.15 trillion yuan (US$434 billion) this year, according to a plan unveiled Tuesday by the Shenzhen Municipal Development and Reform Commission, the city's economic planner. An aerial view of Shenzhen. The projects include 238 aimed at upgrading modern industries, 292 focused on improving people's well-being, and 2
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