Industrial News
Duty-free store to open in downtown SZ |
2024-08-29
A duty-free store will soon open in downtown Shenzhen, according to interim measures recently released by State agencies that will take effect Oct. 1.The same practice will be mirrored in seven other cities across the country, namely Guangzhou, Chengdu, Tianjin, Wuhan, Xi'an, Changsha, and Fuzhou, according to a statement jointly made by the Ministries of finance, commerce, culture and tourism, the General Administration of Custo
SZ firm launches overseas factory in Indonesia |
2024-08-14
Shenzhen-based battery material manufacturer BTR New Material Group's first overseas lithium-ion battery anode factory has started operations in Indonesia, with Indonesian President Joko Widodo presiding over the opening ceremony.The factory — situated in the Kendal Industrial Park in Indonesia's Central Java province and the first of its kind in Indonesia — is a product of the Belt and Road Initiative's commitment to mut
10 SZ firms make Fortune Global 500 list |
2024-08-06
Ten Shenzhen companies secured spots on the 2024 Fortune Global 500 list, which was unveiled yesterday. The list ranks the world's largest corporations based on their revenue for the 2023 fiscal year.The 10 companies are China Ping An (53rd), Huawei Technologies (103rd), Tencent (141st), BYD (143rd), China Merchants Bank (179th), Vanke (206th), Shenzhen Investment Holdings (370th), SF Express (415th), China Electronics (435th), a
Industrial sector remains main driver of SZ's GDP growth in H1 |
2024-07-31
The added value of Shenzhen's industrial output, an important economic indicator, jumped 12% year on year in the first half of 2024, doubling the provincial growth rate, according to data from the Shenzhen Municipal Statistics Bureau.Shenzhen's economy achieved robust performance in the first half of 2024, with the city's gross domestic product reaching over 1.73 trillion yuan (US$238.56 billion), marking a 5.9% year-on-y
City’s foreign trade surges by 31.7% in H1 |
2024-07-22
Shenzhen's foreign trade surged by 31.7% year on year to 2.2 trillion yuan (US$302.72 billion) in the first half (H1) of this year, retaining the top position in the country, according to Shenzhen Customs.The city's foreign trade accounted for 10.4% of the country's total and 50.4% of Guangdong's total, representing increases of 2 percentage points and 6.9 percentage points, respectively, compared to the same period l
Spain's legendary jamón supplier opens stores in SZ airport |
2024-07-10
Jordi Valls (2nd R), deputy mayor of Barcelona, listens to an introduction while visiting Antuo Hill Depot — Shenzhen Bus Group's benchmark new energy vehicle charging station — yesterday. Two delegations from Barcelona are visiting Shenzhen to explore cooperation opportunities. This year marks the third anniversary of Shenzhen and Barcelona becoming friendly cities and the first anniversary of the opening of a direct flight rout
SZ welcomes surge in foreign travelers in first half of this year |
2024-07-08
Daniel Rolston, from New Zealand, embarked on his long-held dream of exploring China with his family July 2 when they entered through the Huanggang Checkpoint in Shenzhen.Since it was his first visit to China, Rolston received assistance from officers at the checkpoint, which expedited entry procedures. He expressed his admiration for the checkpoint's efficiency.Sharing his family's enthusiasm for the trip, Rolston said, &quo
SZ among cities to pilot modern commercial distribution system |
2024-06-13
Shenzhen has been included in the first batch of 20 cities tasked with piloting the country's modern commercial distribution system, according to an announcement on the official website of the Ministry of Commerce.In early 2022, China's top economic planner, the National Development and Reform Commission, unveiled plans for establishing a modern distribution system by 2035. The plans aim to cut distribution costs and enhance
SZ firms make mark on global markets with city support |
2024-06-12
A staffer with a Shenzhen company communicates with visitors at the Exposec | International Security Fair, the largest event of its kind in Latin America, held in Brazil last week. Courtesy of CCPIT ShenzhenOver 20 Shenzhen companies took center stage at the AI EXPO TOKYO — Japan's largest trade show for artificial intelligence (AI) tech companies to introduce their innovations to a wide range of industries — last month.Organized
SZ charges ahead in hydrogen industry race |
2024-05-14
Shenzhen is gearing up to seize the opportunities presented by the burgeoning hydrogen industry, aiming to significantly bolster its scale and innovation capacity by 2025, according to a plan released by the Shenzhen Municipal Development and Reform Commission. Outlined in the plan are 17 measures grouped into four key categories: the advancement of core hydrogen technologies, fostering advanced manufacturing capabilities, showc