Daily Archives: January 10, 2022

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…

600 SZ-invested firms set up overseas in first 11 months of 2021

DESPITE the deep global economic recession brought about by the COVID-19 pandemic, Shenzhen companies still invested in and established 600 enterprises and institutions overseas in the first 11 months last year, with an actual investment of US$7.129 billion, ranking second in the country, according to the city’s commerce bureau. More than 60 percent of them…