SZ to boast 8 ¥10B-level retailers by 2025

SHENZHEN will boast at least eight retail giants with an annual sales revenue of at least 10 billion yuan (US$1.57 billion) each by 2025, according to the 14th Five-Year (2021-2025) Plan for commercial development released by the city’s commerce bureau. As per the plan, the city will see its total consumer goods retail sales reach…

SZ’s foreign trade up over 4 times in 20 years

SHENZHEN’S import and export trade volume increased by 436.9 percent in the 20 years since China joined the WTO in 2001, from 568.18 billion yuan (US$89.22 billion) in 2001 to 3.05 trillion yuan in 2020, according to Shenzhen Customs. A bird’s-eye view of the Yantian Port in Yantian District. Liao Wanyu The city’s average annual import…

Shenzhen Financial expo set for Jan. 7-9

THE 15th Shenzhen International Financial Exposition, one of the largest expositions in China’s financial industry, will be held between Jan. 7 and 9 at the Shenzhen Convention and Exhibition Center in Futian District, showcasing Shenzhen’s achievements in reform and innovation-driven development. Organized by the China Council for the Promotion of International Trade Shenzhen Municipal Committee…

Projects worth ¥820b inked at global investment conference

AGREEMENTS for more than 260 projects with a total investment exceeding 820 billion yuan (US$128.82 billion) were clinched at the 2021 Shenzhen Global Investment Promotion Conference in Wuzhou Guest House in Futian District yesterday. The conference, in its third year, was hosted by the Shenzhen city government and has become a global investment festival. The 2021 Shenzhen Global…

Qianhai Intl. Talent Port to open in Jan.

QIANHAI International Talent Port will be put into operation in January next year, aiming to lure global scientific and technological innovation talents, the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone announced at a promotion meeting held in Shanghai. The service center will serve as an important platform for international talents seeking employment,…

Shenzhen held World Innovative Cities Forum

Shenzhen held the World Innovative Cities Forum on 18 November at The Langham, Shenzhen hotel in Futian District to spotlight issues that global innovative cities are concerned about, including open innovation and sustainable development. The two-day forum, which is themed “Jointly Building an Open and Innovative Platform, Rising to Development Challenges of the Times.” A…

Shenzhen designated model city of industrial design

SHENZHEN has become one of the country’s first service-oriented manufacturing model cities/areas in the industrial design area, the Ministry of Industry and Information Technology (MIIT) announced recently. The others that won the title are Pudong New Area in Shanghai, Chongqing, and Yantai in Shandong Province. An aerial view of Futian District, Shenzhen. File photo Service-oriented…