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SZ economy expands 6.4% in Q1 | 2024-04-26
Shenzhen's economy got off to a robust start in the first quarter (Q1) of 2024, underpinned by solid growth in foreign trade and robust growth in high-tech industrial output.Official data released by the city's statistics bureau Thursday showed that Shenzhen's gross domestic product (GDP) grew to 831.50 billion yuan (US$114.75 billion), an increase of 6.4% compared with the same period a year ago. China's economy
City highlights development of low-altitude economy and AI | 2024-03-20
A drone prepares to deliver food into a Meituan pick-up booth in the Shenzhen Talent Park in Nanshan District.Several food delivery drones prepare for takeoff from the "drone airport" in the Coastal City shopping mall, which is located about one kilometer away from the Shenzhen Talent Park.Editor's Note:Since the annual "two sessions" concluded earlier this March, the phrase "new quality productive forces
'First stores' accelerate market entry | 2024-03-13
Shenzhen's first-store economy is off to a strong start this year with the accelerated opening of first stores and debuts of new well-known brands.The "first store" term refers to the first brick-and-mortar store set up by a brand in a certain geographically defined market, which could be a city, province, country, region, continent, or the world.The "first store" economy, which has been growing over the last
City releases action plan to boost HarmonyOS native apps | 2024-03-05
Shenzhen unveiled an action plan Saturday to bolster the development of native applications for the open-source HarmonyOS, an operating system crafted by Shenzhen-based tech giant Huawei Technologies.The action plan was jointly announced by the Shenzhen Municipal Industry and Information Technology Bureau and the Shenzhen Municipal Government Services Data Bureau.Various measures will be implemented to transform Shenzhen into a hub f
SZ's retail sales of consumer goods exceed ¥1T in 2023 | 2024-01-24
Graphic by Han ShuangShenzhen became the second city in Guangdong Province to achieve 1 trillion yuan (US$140 billion) in total retail sales of consumer goods in 2023, a major indicator of its consumption strength, Guangdong Governor Wang Weizhong said yesterday.Wang was delivering a government work report to the annual session of Guangdong's top legislative body, which opened in Guangzhou, the provincial capital, yesterday.An ob
SZ secures top spot with 600,000 drone deliveries | 2024-01-17
Shenzhen, renowned for its focus on the low-altitude economy, achieved a milestone in drone deliveries, surpassing 600,000 flights in 2023 and claiming the top spot among Chinese cities, data from the city's transport bureau showed Monday.Shenzhen opened 77 new unmanned aerial vehicle routes and established 73 new landing and takeoff points for unmanned aerial vehicles last year. It also initiated infrastructure construction for
Drones propel low-altitude economy | 2024-01-11
As an important part of the low-altitude economy, drones are widely used in various sectors such as smart cities, logistics, emergency response, aerial survey, and environmental protection.As Shenzhen is seeking to build a robust low-altitude economy for sustained growth, drones are playing an ever-important role in the city's industrial chain, which is turning out to be greener and more heavily tech-inclined.As of the end of 202
Measures rolled out for low-altitude economy | 2023-12-29
A helicopter takes off from the Yanzi Lake International Convention and Exhibition Center in Pingshan District for its maiden flight to Futian CBD on March 2. Shenzhen Economic DailyShenzhen has rolled out 20 measures aimed at bolstering the high-quality development of the rapidly evolving low-altitude economy.The measures, jointly issued by seven municipal government departments, focus on the four aspects of cultivating enterprises
Shenzhen foreign trade hits ¥3.51T | 2023-12-21
Shenzhen's foreign trade reached 3.51 trillion yuan (US$491.95 billion) between January and November this year, up by 6.3% year on year, ranking first among the 10 export-oriented cities in the country, data from Shenzhen Customs showed.In terms of volume, Shenzhen claimed the second spot, following Shanghai.Exports from Shenzhen reached 2.24 trillion yuan, up by 13.6%, data showed. The volume and growth rate are expected to enab
Measures unveiled to lower manufacturing costs | 2023-12-07
The high-rise vertical factory at Pingshan New Energy Vehicle Industry Park Phase 1, which passed the construction acceptance review earlier this year. The project is China's first smart prefabricated high-rise vertical factory complex. It consists of six buildings, with the highest R&D building reaching 151.6 meters and the highest factory building reaching 91.4 meters. Vertical factories integrate production, research and d
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