Industrial News
SZ draws returned overseas Chinese talent |
2022-04-15
Shenzhen saw 27,000 returned overseas Chinese students settle down locally last year, an increase of over 30 percent year on year and marking a record high, according to the city’s human resources and social security bureau.The city, home to a bevy of Chinese startups and tech heavyweights, including Huawei and Tencent, is an attractive choice for jobseekers because of its fast developing industries such as software and information t
‘Lighthouse factories’ light up SZ’s industrial future |
2022-04-15
The term “l(fā)ighthouse factory” appeared for the first time in the newly released government work report. The new term shows Shenzhen’s determination to consolidate manufacturing as its pillar industry and promote the transformation of manufacturing industry through digitization, Shenzhen Economic Daily reported yesterday.Lighthouse factory is known as “the most advanced factory in the world.” As early as 2019, Foxconn, based in Shenzh
Yantian Port trade with RCEP countries up by 13% |
2022-04-15
Shenzhen's trade via Yantian Port reached 10.91 million tons or 391.3 billion yuan (US$61.64 billion) in the first quarter of the year (Q1), data from Shenzhen Customs showed Wednesday.The city’s trade with Regional Comprehensive Economic Partnership (RCEP) member countries reached 29.46 billion yuan, up by 13.1% year on year, despite COVID’s economic impact across the globe.The RCEP is a free trade agreement among the Asia-Pacif
Yantian Port unaffected by recent COVID flare-ups |
2022-04-15
A view of the busy Yantian Port in this photo taken recently. Lin JianpingShenzhen's Yantian Port, the world’s fourth busiest container port, thus far this year has maintained its normal operations as busy and orderly as before the COVID flare-ups in March, a Yantian Port Group executive told Shenzhen Daily in an exclusive interview recently.Concerns were raised by some Western media outlets over potential disruptions in global s
SZ among 1st echelon in e-commerce pilot zone construction |
2022-04-14
A cross-border e-commerce pilot zone in Shenzhen was recently selected by the Ministry of Commerce into the highest echelon in terms of comprehensive construction progress, said the city’s commerce bureau.The Commerce Ministry released its first assessment report for the construction of 105 cross-border e-commerce pilot zones across the country, and 10 ranked in the first bracket.The report aims to guide pilot zones to play a demonst
SZ attracts more foreign investments |
2022-04-14
Nearly 6,000 foreign-invested enterprises were established in Shenzhen in 2021, up by 30% year on year, a source from Shenzhen’s commerce bureau said.The city’s actual use of foreign capital exceeded US$10 billion, up by more than 20% year on year, the report said.So far, Shenzhen had gathered enterprises from 160 countries and regions including 300 in Fortune 500.The number of direct foreign investment projects has reached 100,000 a
Q&As about "30 Bailout Measures" |
2022-04-13
Since the release of Shenzhen Bailout Measures for Market Entities on Coping with COVID-19 Pandemic (Referred to as “several measures”), we have collected a hundred questions and come up with the Q&As. Take a look!#Reduce utility costs. Subsidize 10% of the water, electricity and piped natural gas bills payable by enterprises and individual businesses in April and May 2022. C
SZ fiscal revenue exceeds 1 trillion yuan |
2022-04-12
Shenzhen’s fiscal revenue exceeded 1 trillion yuan (US$156.99 billion) in 2021, the Shenzhen Municipal Finance Bureau said Sunday.Data showed that the general public budget revenue in Shenzhen reached 1.11 trillion yuan in 2021, up by 13.5% over the previous year.This was the first time that Shenzhen’s revenue exceeded the 1-trillion-yuan benchmark, a historic breakthrough from less than 100 million yuan in 1979. The local general pu
SZ sets around 6% GDP growth target for 2022 |
2022-04-12
Shenzhen has set its GDP growth target at around 6% for 2022, Mayor Qin Weizhong said as he delivered a government work report at the opening meeting of the annual session of the city’s legislature at the Civic Center in Futian District yesterday.Other main targets for socioeconomic development include a 5% growth in both the city’s general public budget revenue and the added value of industrial enterprises above designated scale, su
Measures issued to boost market entities |
2022-04-11
Shenzhen has introduced 30 measures to foster and strengthen market entities in a bid to sustainably stimulate market vitality and allow more market players to be established, grow and prosper.The 30 measures, according to the guidelines released Friday, aim to address market entities’ outstanding problems in financing, innovation and talent demand in their developing process, further innovate policies, optimize services and enhance