Mayor vows to elevate SZ-HK cooperation in Qianhai

SHENZHEN will marshal full resources of the city to widen Qianhai’s opening up and take the cooperation between Shenzhen and Hong Kong to a new level, said Shenzhen Mayor Qin Weizhong via video link at a news conference held by the State Council Information Office recently in Beijing. The news conference was held days after…

Global innovation contest opens registration

REGISTRATION for the Fifth China (Shenzhen) International Innovation & Entrepreneurship Competition starts today, offering a total of 10.71 million yuan (US$1.66 million) in awards to contestants. An individual winner could have a chance to receive an award of up to 1.35 million yuan. Interested contestants can register via the contest’s official website at http://www.itcsz.cn, its organizer,…

Expats call for more exchange activities

Foreign representatives attending the meeting in Nanshan District to further facilitate international exchanges and cooperation called for more activities for social networking between local and foreign-funded businesses and the local government. “Meeting in Shenzhen Bay, Fostering a New Development Paradigm” Nanshan District Conference on International Cooperation and Exchange was co-hosted by Foreign Affairs Office of…

Shenzhen innovative measures recommended nationwide

CHINA’S top economic planner has called for cities nationwide to borrow a page from Shenzhen in terms of its innovative measures and experience. In a notice released yesterday, the National Development and Reform Commission listed a total of 47 measures and practices in five aspects that have been employed by Shenzhen since the 18th National…

City unveils action plan to boost consumer spending

SHENZHEN has unveiled a three-year action plan to stimulate consumer spending in its latest effort to build itself into an international consumer spending center. The plan for 2021-23, released in the latest city government gazette, aims at improving the city’s consumption environment and product quality, increasing the supply of high-quality services, promoting new forms of…

Shenzhen tops China’s nighttime consumer spending

SHENZHEN has become the city with the most dynamic nighttime business activities in China, according to the statistics on nighttime consumer spending from Chinese e-commerce giant JD.com, Shenzhen Economic Daily reported recently. Data from JD Daojia, JD.com’s on-demand retail platform, showed that during the platform’s summer promotion, the top 10 Chinese cities with the liveliest…

China’s H1 foreign trade hits record high

CHINA’S foreign trade in the first half of the year (H1) posted the best performance in history, underpinned by the country’s sustainable economic recovery and strong global demand. The country’s foreign trade rose 27.1 percent year on year to 18.07 trillion yuan (US$2.79 trillion) in the first six months, data from the Administration of Customs…

2,400 foreign-funded firms set up in SZ in first 5 months

MORE than 2,400 foreign-invested companies were set up in Shenzhen in the first five months this year, attracting more than US$12.4 billion of contractual foreign investment, quoting the municipal commerce bureau. The city’s actual use of foreign capital exceeded US$3.1 billion from January to May this year, an increase of 26 percent year on year.…

SZ’s foreign trade up 22.3% in first 5 months

THE city’s foreign trade between January and May reached 1.32 trillion yuan (US$204.08 billion), up 22.3 percent year on year, statistics from Shenzhen Customs showed. Exports reached 708.45 billion yuan, up 23.1 percent, and imports reached 612.8 billion yuan, up 21.4 percent. This was highlighted by general trade growth, which kept rising for seven straight months…