THE city’s foreign trade reached 1.68 trillion yuan (US$235 billion) in the first half of the year (H1), up 3.7% year on year, posting a growth rate higher than the national average, data from Shenzhen Customs showed Monday. Exports grew by 14.4% amounting to 1.05 trillion yuan, while imports reached 628.49 billion yuan, indicating an…
GETTING back on the road after a cup of coffee with a fully charged electric vehicle (EV) will no longer be a pipe dream for Shenzhen residents. Capitalizing on the “new infrastructure rush,” Shenzhen launched an initiative to build a “City of Superchargers” at the 2023 International Digital Energy Expo, which opened at the Shenzhen…
THE number of business entities in Shenzhen exceeded 4 million by the end of March, a record high under ever-improving business climate and policy-based support to stimulate the vitality of market entities. There had been 4.0051 million business entities in the city as of the end of March, topping the country and up 4.61% year…
QUALIFIED financial institutions that register in or relocate offices to Qianhai will receive a maximum of 10 million yuan (US$1.45 million) each in subsidies, and those whose profits reached 2 billion yuan each in the previous year will receive a maximum of 20 million yuan, according to new measures supporting the quality development of Qianhai’s…
A GROUP of expats were seen dancing to the beat of the drums at Hall 6 of Shenzhen Exhibition and Convention Center in Futian District during the 21st Conference on International Exchange of Professionals (CIEP) held in April 2023. They are volunteers representing the international talent communities or blocks across the city to introduce talent…
SHENZHEN’S first-quarter (Q1) foreign trade reached 796.7 billion yuan (US$115.5 billion), up 7.4% year on year and accounted for 43.3% of Guangdong’s total trade, statistics from Shenzhen Customs showed. The general trade contributed 411.5 billion yuan to the overall trade with processing trade and trade in bonded areas reaching 190.3 billion yuan and 189.1 billion…
YOUNG entrepreneurs from Hong Kong and Macao who start their businesses in Shenzhen will receive a one-off subsidy of 10,000 yuan (US$1,447) and a monthly rent subsidy of 1,560 yuan for three years. If the entrepreneurs’ businesses create more job opportunities, there will be an employment subsidy of 2,000 to 3,000 yuan per person, and…
SHENZHEN’S first international hydrogen energy industrial park was inaugurated in Yantian District, as the city is pressing ahead with its green transition to help fulfill China’s national goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060. The park will highlight R&D and manufacturing of hydrogen fuel cell systems, fuel reactors…
Shenzhen’s foreign trade recovery continued in July, with imports and exports increasing by 4.2% year on year to 293.2 billion yuan (US$42.67 billion), customs data showed. From January to July, cargo imports and exports reached 1.91 trillion yuan, up 1.8% over the same period last year. The Shekou Container Terminal in Nanshan District. File photo In…
SHENZHEN’S actual use of foreign capital surged by 11% year on year to US$5.8 billion in the first half (H1) of this year. The city’s complete industrial chain, sound business climate, accurate policy guidance and highly efficient government services have made it highly attractive to international top-tier enterprises. This year has seen several Fortune…