Hardware start-ups Hacking Shenzhen

Why southern China is the best place in the world for a hardware innovator to be 2014-January-18 The Economist OH NO, NOT another accelerator, you may think. But this one is different. On the tables are not just the obligatory laptops and smartphones but circuit boards, cables, screwdrivers and a few items which look only…

Economy Expected to Grow by 10.8% in 2nd Quarter

Source: China Daily | Author:Jenny Du The country’s gross domestic product (GDP) is expected to grow by 10.8 percent in the second quarter of this year, though the expansion of the trade surplus should slow during the period, according to the State Information Center. The consumer price index (CPI) is expected to reach 3 percent…

China to simplify foreign exchange rules on FDI

2013-May-13 Shenzhen Daily CHINA’S foreign exchange regulator will this month simplify the rules governing foreign direct investment (FDI), the latest step towards deregulation and market reform under China’s new leadership. The State Administration of Foreign Exchange (SAFE) will abolish 24 regulations regarding foreign exchange registration, account openings, remittance, and conversions, the agency said in an…

Shenzhen lingerie-makers hold group exhibit

2013-May-13 Shenzhen Daily MORE than a dozen Shenzhen lingerie-makers exhibited their top products and told stories of their brands at a lingerie fair that ended yesterday at Shenzhen Convention and Exhibition Center, as the city’s underwear trade association prepares to build the brand of Shenzhen-made intimate apparel. The three-day Shenzhen International Brand Underwear Fair, covering…

Shenzhen may pilot disaster insurance program

2013-May-13 Shenzhen Daily SHENZHEN is preparing to pilot a catastrophe insurance program that would fill in a gap in insurance coverage in China, the Shenzhen office of the China Insurance Regulatory Commission (CIRC) announced Thursday. An insurance working group recently met in the city to discuss the catastrophe fund’s establishment, scope of coverage and premium…

Shenzhen foreign trade reports big growth

2013-May-2 Shenzhen Daily SHENZHEN’S imports and exports exceeded US$170 billion in the first quarter of this year, representing an 80 percent increase compared with the same period of last year, according to statistics from Shenzhen Customs. The growth is 66 percent more than the national level in the period. The city’s exports grew by almost…

Evolution in Shenzhen

2013-04-20 By Hu Haiyan and Chen Hong ( China Daily) The southern metropolis leads the way in adapting to economicchange and innovation It used to be a poor fishing village, but in little more than 30 years ithas developed into a bustling metropolis with a population of 12million. The southern coastal city of Shenzhen, bordering…

Huawei targets 10 percent growth

2013-April-9 Shenzhen Daily SHENZHEN-BASED Huawei Technologies Co., the world’s No.2 telecom equipment maker, is targeting 10 percent annual growth through smartphones and cloud computing amid foreign governments’ accusation that the company “aids intelligence agencies.” The country’s largest maker of telecom equipment became one of “the world’s top three smartphone makers for the first time” in…

Samsung to set up R&D institute in Shenzhen Hi-Tech Industrial Park

28 Feb 2013 Shenzhen Daily SAMSUNG plans to establish a large telecommunication equipment research institute in Shenzhen Hi-Tech Industrial Park in Nanshan District, according to an agreement signed Tuesday by the multinational electronics company and Shenzhen’s investment promotion department. The institute will focus on the research and development of base station equipment and state-of-the-art telecommunication…

City plans three more nature reserves

Source: SD News Shenzhen planned to create three nature reserves before 2015, increasing the percentage of reserves in the city area to 12 percent, the urban management bureau said. Construction on Dapeng Peninsula Nature Reserve in Longgang District would start early next year and Tiantoushan Nature Reserve in Pingshan New Zone and Tiegang-Shiyan Nature Reserve…