Industrial News
City’s GDP exceeds ¥706B in first quarter |
2022-04-29
Shenzhen's first quarter (Q1) GDP grew by 2% year on year to 706.46 billion yuan (US$107 billion), data released by the city’s statistics bureau Wednesday night showed.Between January and March, despite COVID-19 disruptions, Shenzhen navigated uncertain domestic and international environments and had a smooth start to its economy this year. The city successfully contained the spread of COVID, ensured its smooth and orderly operat
Airport cargo throughput posts a new record in Q1 |
2022-04-27
The cargo throughput at Shenzhen Bao’an International Airport reached 169,300 tons in the first quarter (Q1) of this year, up by 10.3% year on year. The value of its cargo trade reached 70.6 billion yuan (US$10.79 billion), up by 37.93%.The trade hit a new record both in quantity and value, data from Shenzhen Customs showed.In the first half of April, international cargo flights increased by 20%, with cargo throughput reaching 46,000
Trade surge marks Qianhai’s anniversary |
2022-04-27
Foreign trade has always been one of the many factors that have contributed to the rapid growth of Qianhai & Shekou Area of China (Guangdong) Pilot Free Trade Zone since its establishment seven years ago today.From January to March, the value of imported and exported goods in the Qianhai & Shekou free trade area reached 396.84 billion yuan (US$60.76 billion), posting a significant increase of 31.6% year on year. Qianhai Compr
City relieves burden of over ¥15B for market entities |
2022-04-26
Shenzhen's relief measures to help enterprises survive under the pressure of the pandemic have reduced the financial burden on related industries and businesses by more than 15 billion yuan (US$2.28 billion) after they were introduced a month ago, Shenzhen Special Zone Daily reported yesterday, quoting the local reform and development commission.“It’s really a timely help for us,” a business owner surnamed Zhuang, who runs a vege
Construction OK’d on food innovation center in Dapeng |
2022-04-25
The Shenzhen Municipal Development and Reform Commission has approved the investment and construction of an international agricultural product innovation center in the core area of Shenzhen’s international food valley in Dapeng New Area, Shenzhen Special Zone Daily reported Saturday.The innovation center is planned to cover an area of 33,200 square meters, with a 42,000-square-meter construction area. The city’s agricultural technolo
SZ to reward wholesale, retail, catering businesses |
2022-04-25
The city’s commerce bureau recently released plans to offer rewards to wholesale, retail and catering businesses to expand the market and tap its potential and enhance performance.As per the support measures for maintaining stable economic growth, eligible retail enterprises will receive a 500,000-yuan (US$76,902) reward for every 100-million-yuan year-on-year retail sales growth in the first half of this year.Eligible wholesale ente
SZ’s market environment index ranks 1st |
2022-04-25
Shenzhen's market environment index ranked first in China last year, a report released by Tsinghua University’s Suzhou Environmental Innovation Research Institute and Chengdu University showed.The two institutes jointly released China’s first index report about cities’ business competitiveness based on government affairs, market environment, social services and other indicators in 2021.The top 10 cities in the report are Beijing,
SZ ranked among world’s top 10 financial centers |
2022-04-21
Shenzhen has made the top 10 in the Global Financial Centers Index (GFCI) ranking recently released by Z/Yen Partners in collaboration with the China Development Institute.The GFCI’s 31st edition provides evaluations of future competitiveness and rankings for 119 financial centers around the world. The GFCI serves as a valuable reference for policy and investment decision-makers.Among the indexes, Shenzhen took the sixth place in the
City fully implements 1st batch of pilot reform measures |
2022-04-20
Shenzhen has made steady headway in building a pilot demonstration area of socialism with Chinese characteristics, with the first batch of 40 pilot reform measures fully implemented, the National Development and Reform Commission (NDRC) said at a press conference in Beijing yesterday.The city is tasked with piloting comprehensive authorized reforms and has been granted with greater autonomy in the reform of important areas and key li
China vows to stabilize industrial, supply chains |
2022-04-19
China's supply and industrial chains must be stabilized amid COVID-19 outbreaks, with local governments helping key companies get back to work, Vice Premier Liu He said at a national teleconference yesterday.He underscored a people-centered approach in related work, and vowed to improve the working and living conditions of logistics employees and offer them financial support.The country will issue sufficient travel permits for dr