Industrial News
Foreign contracted projects to get rewards of up to 2M yuan |
2022-06-13
Shenzhen will offer rewards up to 2 million yuan (US$298,111) to enterprises signing contracts in the overseas market and for major overseas exhibition projects, as per measures unveiled by the municipal commerce bureau Wednesday.With a view to promote high-quality development of overseas investment and cooperation, the measures encourage innovation in outbound investment and contract signing abroad, and support companies to settle c
Policy to cement SZ’s status as ‘city of innovation’: expert |
2022-06-10
Fan Jianping, president of Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences, believed that the introduction and implementation of Shenzhen’s guidelines on developing strategic emerging industrial clusters and fostering future industries is expected to further consolidate the status of Shenzhen as a “city of innovation.”“The guidelines are greatly significant for Shenzhen to speed up the construction of a globall
SZ kickstarts 109 projects worth ¥101B for Q3 |
2022-06-08
Shenzhen kickstarted the construction of a total of 109 projects worth 101.3 billion yuan (US$15.19 billion) for the third quarter (Q3) at a ceremony at the construction site for the Mindray Medical Equipment Manufacturing Base project in Longhua District yesterday.The Mindray Medical Equipment Manufacturing Base project, with a total investment of 2.2 billion yuan, is one of the core projects.Covering 128,000 square meters, the proj
SZ tourism market rebounds during holiday |
2022-06-07
Young customers play in an area with temporary tents in UpperHills shopping center in Futian District on Sunday, the last day of the three-day Dragon Boat Festival holiday. Sun YuchenWith Shenzhen’s tourism market rebounding during the Dragon Boat Festival holiday, the city became the fifth top traveler’s destination and second top tourist source region during the three-day holiday which started Friday, according to data released by
City’s economy realizes moderate but stable growth in Jan.-April |
2022-06-02
Despite facing some downward pressures due to the complex international environment and COVID-19 resurgence in March, Shenzhen’s economy achieved a moderate but stable growth from January to April, according to data released by the city’s statistics bureau Tuesday night.Data showed that in the first four months of the year, the total added value of industrial enterprises above designated size (with annual sales over 20 million yuan,
Intl. investment promotion platform launched |
2022-06-02
Shenzhen officially inaugurated an international investment promotion platform at Shum Yip Showroom in Futian District on May 26, the city’s commerce bureau announced.The platform, which is the first of its kind, is collaboratively established by the municipal and district governments and is being operated by Shenzhen International Investment & Promotion Association, a nonprofit organization. The city’s commerce bureau and the Fu
SZ’s trade with RCEP countries hits ¥279.1B |
2022-05-26
Shenzhen's foreign trade with the other 14 Regional Comprehensive Economic Partnership (RCEP) member countries reached 279.1 billion yuan (US$41.82 billion) in the first four months of this year, up 1.5% year on year and accounting for 27% of the city’s total trade.Exports between Shenzhen and RCEP members reached 96.59 billion yuan, an increase of 8.1% percent year on year.Among export products, mechanical and electrical product
Lending rate cut to boost support for economy |
2022-05-23
China cut the market-based benchmark lending rate Friday, the latest move to shore up the economy.The over-five-year loan prime rate (LPR), on which many lenders base their mortgage rates, fell by 15 basis points to 4.45%, said the National Interbank Funding Center. It represents the largest reduction in this rate since the country revamped the LPR mechanism in 2019.The one-year LPR stood at 3.7%, unchanged from one month earlier.The
Online shopping festival rakes in sales over ¥5B |
2022-05-19
The fourth online shopping festival generated more than 5 billion yuan (US$740.7 million) in online sales in Shenzhen, with 90% of transactions for physical commodities, the city’s commerce bureau said yesterday.Over the 15-day promotional campaign that started April 28, Shenzhen’s key e-commerce platforms that participated in the program reported over 40 million orders, with the total transactions exceeding 3.7 billion yuan and 95%
Relief funds available for catering enterprises |
2022-05-13
Application for Shenzhen government rewards to catering enterprises has opened, over a month earlier than initially anticipated.The incentive program was originally scheduled to open July 1, but was moved to May “so that the city’s catering enterprises can enjoy the benefits brought about by the government’s relief efforts,” according to a notice issued by the municipal commerce bureau earlier this week.The bureau released an applica