Industrial News
Subsidies, discounts to further boost consumer goods trade-ins |
2025-01-13
In addition to receiving State subsidies of up to 20% on select household appliances, Shenzhen residents can further benefit from substantial additional discounts on JD.com, which may amount to as much as 60%, according to a policy launch conference at JD.com's home appliances and electronics flagship store in Huaqiangbei, Futian District, on Friday.Shenzhen has initiated a new round of trade-in subsidies for household appliances
SZ firms unveil cutting-edge robotic tech at CES in Las Vegas |
2025-01-08
The 2025 Consumer Electronics Show (CES) commenced in Las Vegas, the United States, yesterday, with strong participation from Chinese firms. This year's exhibition has over 3,600 exhibitors, including over 1,300 from China.The event highlights Shenzhen's strength in robotics, with local companies showcasing innovative products. Among them, UBHOME, a subsidiary of UBTECH Robotics, unveiled the Robotic Mower M10 in collaboratio
City's foreign trade surges to all-time high in first 11 months |
2024-12-20
Shenzhen's foreign trade reached a record high of 4.11 trillion yuan (US$560 billion) in the first 11 months of the year, a 17.4% leap year on year, data from the Shenzhen Customs showed Wednesday. This milestone marks the city's first time surpassing the 4 trillion yuan threshold, underscoring its thriving trade dynamics.Exports grew by 16% to 2.59 trillion yuan, while imports increased by 19.8% to 1.52 trillion yuan, both r
Real estate transactions surge |
2024-11-27
Shenzhen's real estate market has shown a robust response following the introduction of a new real estate policy Sept. 29, with a surge in transactions and a stable pricing trend, the city's housing and construction bureau said Monday.This marks a notable shift in the sector's performance, which had been experiencing a lull.According to the latest housing price index released by the National Bureau of Statistics, the sale
Auto parts giant plans to increase investment in city |
2024-11-22
During a significant announcement at the 2024 Valeo China Media Open Day on Tuesday, Zhou Song, president of Valeo China, revealed the company's unwavering optimism about development prospects in Shenzhen.The multinational automotive parts giant has seen its sales surge from 1 billion yuan (US$138.1 million) to 10 billion yuan over the past decade, fueling its commitment to increasing investments in the city, Shenzhen Economic Da
SZ's first-store economy on fast track |
2024-11-05
Shenzhen's first-store economy continues to thrive, with 165 new first stores opening in the third quarter of 2024, a 13% year-on-year increase and the highest quarterly total since 2018. The first-store economy refers to new store openings — especially initial or flagship locations — by global or trendy brands within a defined geographic market. It serves as a barometer of the local business environment and spending power.A
Marine expo displays latest technologies |
2024-11-01
The 2024 China Marine Economy Expo and Shenzhen International Ocean Week opened Thursday at the Shenzhen Convention and Exhibition Center in Futian District, the main venue, and the Shenzhen Airport Yacht Marina, the subvenue. The event has attracted over 400 major domestic and international players in the marine industry.Kongsberg Digital — a subsidiary of Norway's Kongsberg Gruppen that specializes in digital solutions and tran
Marine expo a catalyst for blue economy growth |
2024-10-25
A man takes a photo of a ship model on display at the booth of China Shipbuilding Industry Group Co. Ltd. during the 2023 China Marine Economy Expo in Shenzhen last November. XinhuaThe 2024 China Marine Economy Expo and Shenzhen International Ocean Week are set to kick off with a series of high-profile events, including the Global Ocean City Forum and a highly anticipated exhibition celebrating the 40th anniversary of China's pol
1,484 SZ firms gear up for global deals at Canton Fair |
2024-10-16
The 136th China Import and Export Fair, popularly known as the Canton Fair, kicked off in Guangzhou, Guangdong Province, yesterday. This year, a record-breaking number of Shenzhen firms are participating, a signal of the city's growing influence in this pivotal event for China's foreign trade.According to the Shenzhen Municipal Bureau of Commerce, 1,484 Shenzhen companies are taking part in the fair's in-person exhibition
City aims for tourism excellence |
2024-09-26
To boost its tourism industry, Shenzhen is gearing up to introduce a range of exciting new sightseeing and leisure experiences, as highlighted at a provincial tourism development conference in Guangzhou yesterday.The city's objective is to evolve into a globally renowned hub for tourism and recreation, supporting its position as a significant consumer center. As part of enhancing visitor experiences, the city plans to further sim