Industrial News
Guangdong’s foreign trade exceeds ￥8T for first time |
2022-05-13
Guangdong's foreign trade moved up another notch in 2021 by exceeding 8 trillion yuan (US$1.18 trillion) for the first time despite growing headwinds in global trade, according to a press conference held by the provincial government information office in provincial capital Guangzhou on Thursday.The total value of Guangdong’s imports and exports rose by 16.7% year on year to 8.27 trillion yuan in 2021, 1.2 trillion yuan more than
April rail-sea exports see double growth |
2022-05-12
A train carrying toys departed from a yard in Longchuan, in the city of Heyuan, Guangdong Province, and headed to Yantian Port on Tuesday, marking the official operation of the ninth inland port under Shenzhen Port’s sea-rail mode.The 21,200-square-meter yard in Longchuan, a sub-regional center in the city of Heyuan, can accommodate 2,000 TEUs (twenty-foot equivalent units). Under the sea-rail transportation mode, exporters in Longch
April SZ-HK cargo turnover up 72% |
2022-05-11
The cross-border cargo throughput between Shenzhen and Hong Kong reached more than 6,900 TEUs (twenty-foot equivalent units) a day on average in April, up by 72% over March and 1.34% over April last year.Since March 14, the city has implemented a transfer-at-the-checkpoint operation mode, where inbound Hong Kong truck drivers hand over their cargo to mainland drivers who will complete the transport of goods to inland cities. The Hong
SZ utilizes US$2.1B foreign capital in Q1 |
2022-05-11
Shenzhen's actual use of foreign capital exceeded US$2.1 billion in the first quarter (Q1) of this year, a surge of 32% year on year, according to data released by the city’s commerce bureau.The city has become increasingly attractive to foreign investors thanks to its favorable business environment, officials from the bureau said.Shenzhen is now home to corporations from over 160 countries and regions, including nearly 300 compa
SZ factories running at full capacity: HK paper |
2022-05-10
Many factories in Shenzhen have managed to run at or near full capacity while adhering to the country’s “dynamic zero” COVID-19 policy, the Hong Kong-based South China Morning Post (SCMP) reported yesterday.Their operations were not affected much even when Shenzhen imposed a citywide lockdown in March to battle a fresh outbreak in the city, the paper said.Hu Jun, owner of BST Computer Accessory, a smartphone charging cable manufactur
City’s sales of homemade smartphones shoot up |
2022-05-10
Shenzhen has witnessed a surge in sales of electronic products such as mobile phones and computers, especially during the just concluded May Day holiday, reflecting the local economy’s great potential and resilience, a Shenzhen Special Zone Daily report said yesterday.Many electronic products shops across the city were delighted to see their sales pick up during the holiday, thanks to government consumption subsidies and the improvin
More measures rolled out to improve business climate |
2022-05-09
New businesses are now able to complete registration applications at a one-stop service platform and be granted approval within a day, according to a press conference held by the Shenzhen Municipal Government Information Office at the Civic Center in Futian District on Saturday.It is part of 200 reform measures included in an implementation plan that Shenzhen — one of the pilot cities for national innovation in improving the business
May Day holiday consumer spending exceeds ￥23B |
2022-05-06
Shenzhen's consumer market raked in over 23 billion yuan (US$3.5 billion) in overall consumer spending during the first four days of the May Day holiday, according to data released by the city’s commerce bureau Wednesday night.The period between April 30 to May 3 also saw growth in terms of footfall in key monitored shopping malls, as well as sales of goods and services compared with last year.To boost local consumption over chal
City’s NEV industry chain maintains strong growth |
2022-05-05
Shenzhen-based BYD announced Tuesday that it sold 106,042 new energy vehicles (NEVs) in April, up 313.2% year on year, among which were 105,475 new energy passenger vehicles, representing an increase of 321.3% year on year.Four months of booming sales underscored the widespread acceptance of BYD products, positioning the company as a dominant player in terms of NEV market share.Shenzhen’s production and sales of NEVs maintained robus
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