China’s economic data of the first two months

03-20, 2025

National Bureau of Statistics of PRC, on March 17, made an announcement on the economic development achieved during the first two months of the year. According to the data released, the economy developed steadily along an innovative and promising pathway, with the rather faster growth of the industrial service sector, the ongoing improvement in the consumption and investment capacities, the overall employment stability and the burgeoning of new quality productive force.The industrial manufacturing sector grew faster, witnessing the accelerated growth of equipment manufacturing industry and hi-tech manufacturing industry. During this January and February, the added value of the nation’s above-designated-size industrial enterprises (each of whom produces a yearly main business income of 20 million yuan or more) increased year on year by 5.9%, at a growth rate increased by 0.1% yearly. In detail, the added value of equipment manufacturing industry grew year on year by 10.6%, at a rate up 2.9% annually, while the added value of hi-tech manufacturing industry rose by 9.1%, at an annually-0.2%-increased rate.The service sector shared promising momentum, with modern service industry surging faster. During the first two months of this year, the nation’s index of service production surged year on year by 5.6%, up 0.4% as compared with the growth rate of last year.Market sales accelerated to rise, while trade-in merchandise and the related had more satisfactory sales. During January and February of this year, total retail sales of consumer goods went up 40% as compared with last year, to 8373.1 billion yuan, achieving an increase of 0.5% in the growth rate. The trade-in policies had an ongoing influence, resulting in a 26.2% increase in the retail sales of communication device, 21.8% increase in the retail sales of cultural and office supplies, 11.7% increase in the retail sales of home furnishings and 10.9% increase in the retail sales of audio and visual products. During the same period, the nation’s online retail sales went up 7.3% as compared with last year, to 2276.3 billion yuan.

Shenzhen Forum on the Development of Low-altitude Economic Industry 2025 took place

03-11, 2025

Recently, Shenzhen Forum on the Development of Low-altitude Economic Industry 2025 took place, during which specialists in the low-altitude-economy circle and law circle had their deliberation on the industrial research, standardized development, the standard-setting and many other topics regarding low-altitude economic industry.The forum was hosted by China Commercial Law Firm, Shenzhen UAV Industry Association, Shenzhen Low-altitude Economic Industry Association, Shenzhen Aviation Industry Association, Bao’an District Low-altitude and Unmanned System Association of Shenzhen and Shenzhen Internet of Things Industry Association. It was co-hosted by Hetao International Mediation Center. The forum aimed at pooling powers from various fields and conducting discussions on the new paths and new chances faced by low-altitude economic industry, to promote the high-quality development of the industry. It attracted over 100 attendees nationwide.During the event, China Commercial Institute on Low-altitude Economic Law was founded, signifying a significant step in laying a legal foundation for the development of low-altitude economic industry. Meanwhile, China Commercial Institute on Low-altitude Economic Industry was also established, to provide professional legal services for the industry. In 2024, the low-altitude economic industry of Shenzhen boasted a volume of over 100 billion yuan. Due to the policy improvement and technological breakthroughs, Shenzhen’s low-altitude economic industry shares great potential. And, the increasing diversification of the application scenarios and the burgeoning expansion of the industrial volume result in more legal demands. The industry is more closely connected with laws, as identified in the legitimate use of airspace, the assumption of liabilities to aircraft safety, the prevention of legal risks in cross-border investment and trade, the protection of intellectual property rights, etc.At the forum, Yang Yang -- secretary-general of Shenzhen ITS Association and vice-chairman of Shenzhen UVA Industry Association expressed that Shenzhen boasts over 2,000 enterprises involved in low-altitude economy industry and the related, contributing to one third of the nation’s volume of drone patent application. The orientation of UAV industry has transformed from high-speed development to high-quality development. There are increasing demands for making cutting-edge technological breakthroughs and innovation, in applying 5G internet to aircraft, utilizing artificial intelligence technologies to low-altitude logistic scheduling, etc.Also at the forum was a ceremony held for the releasing of White Paper on Low-altitude Economic (Cross-border) Industry. With the conclusion on the current situation of, the challenges for and the prospects of low-altitude economic industry, especially those related to cross-border investment and trade, and through the analysis of international market and relative laws and regulations, the White Paper is oriented towards an authorized collection of references for participants in low-altitude economic industry, helping prevent enterprises from legal risks in cross-border investment and trade, promoting the formation of scientific and reasonable internationalization strategies, so as to fuel the industry’s globally standardized development and enhance its international influence.Besides, professionals in intelligent transportation system, UVA industry, foreign trade sector, legal services, and many other circles alike, were also invited to attend the round-tables and share their opinions on the legitimate development of low-altitude economic industry.Notice:Some information above is sourced from SZNEWS, Duchuang.Here, we respect your intellectual property right and your other lawful rights. As any content violates any of your lawful rights, please contact us, and we will delete related content.

News from Xinhua | China's foreign trade records steady performances in first two months

03-07, 2025

China's foreign trade recorded steady performances in the first two months of 2025, with total goods trade volume reaching 6.54 trillion yuan (about 912.07 billion U.S. dollars), data from the General Administration of Customs showed on Friday.This represents a moderate decrease of 1.2 percent from a year earlier, the data showed. After excluding the impact of incomparable factors, China's total goods imports and exports grew by 1.7 percent year on year.Exports rose 3.4 percent from the same period last year to reach 3.88 trillion yuan, while imports went down 7.3 percent year on year, according to the data. Notice: the content above is transferred from Xinhua, just for information sharing.We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Shenzhen releases various policies for the sci-tech innovation and professionals’ development

02-26, 2025

According to the news conference held by the News Office of The People’s Government of Shenzhen Municipality, Shenzhen releases a series of policies, to optimize the ecology and conditions of scientific innovation and professionals’ development, so as to promote over-10% growth of the society’s investment in research and development and further advocate enterprises’ leading role in sci-tech innovation.Shenzhen is about to set up 10-billion-yuan-worth industry fund, to support artificial intelligence industry and robot industry, especially to facilitate the development of AI software, AI hardware, embodied intelligence, etc. In 2025, Shenzhen would strive to collect 4.5-billion-yuan worth of funds, for releasing coupons to cut enterprises’ spending in using intelligent computing, models and corpora, subsidizing the scenario application, supporting the sci-tech research, and the like. An enterprise could obtain a subsidy/subsidies of no more than 60% of its cost in using intelligent computing and no more than 10 million yuan totally. The application is scheduled to commence from March.Shenzhen, for the past consecutive 12 years, has implemented 7-day free housing policy to offer every fresh graduate who is seeking employment in Shenzhen free accommodation for 7 days. The term of the free accommodation would be prolonged to 15 days soon. Meanwhile, Shenzhen would put forward more-targeted indemnificatory housing policies to offer a larger quantity of housing for professionals of different fields, so as to help them settle down in Shenzhen and achieve further development.Shenzhen would also make more efforts to introduce private capital to the major projects. In 2024, it attracted 126-billion-yuan-worth investment from the private sector for 23 major projects. In 2025, it plans to pool over 200 billion yuan of private capital for the projects covering the significant sectors, like energy, transportation, water conservancy.During the recent years, Shenzhen vigorously promotes the integration of innovation chain, industry chain, capital chain and professional chain, while propelling the uniform reform in the educational, scientific and human resource mechanisms, in order to be absolutely innovative, expressed by Zhang Lin -- director of Sci-tech Innovation Bureau of Shenzhen Municipality.Reference: xinhuanetNotice: we respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

News from Xinhua | Xi urges healthy, high-quality development of private sector

02-21, 2025

BEIJING, Feb. 17 (Xinhua) -- Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Monday urged efforts to promote the healthy and high-quality development of the country's private sector.Xi, also Chinese president and chairman of the Central Military Commission, made the remarks when attending a symposium on private enterprises, where he delivered an important speech after listening to representatives of private entrepreneurs.The private sector enjoys broad prospects and great potential on the new journey in the new era. It is a prime time for private enterprises and entrepreneurs to give full play to their capabilities, Xi said.He urged reaching a consensus and firming up confidence to promote the healthy and high-quality development of the private sector.Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese premier, and Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chinese vice premier, also attended the symposium.Wang Huning, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and chairman of the National Committee of the Chinese People's Political Consultative Conference, presided over the symposium.Huawei's Ren Zhengfei, BYD's Wang Chuanfu, New Hope's Liu Yonghao, Will Semiconductor's Yu Renrong, Unitree Robotics' Wang Xingxing, and Xiaomi's Lei Jun put forward their opinions and advice on the development of the private sector.Xi said the Party and the country are committed to unswervingly consolidating and developing the public sector and unswervingly encouraging, supporting and guiding the development of the non-public sector.The Party and the country ensure that economic entities under all forms of ownership have equal access to factors of production in accordance with the law, compete in the market on an equal footing, and are protected by the law as equals, he said.The new journey in the new era has provided abundant new opportunities and greater space for the development of the private sector, Xi said. He stressed that the current difficulties and challenges facing the private sector can be overcome and called for confidence in the future.Xi urged resolutely dismantling obstacles that prevent enterprises from accessing production factors equally and competing in the market fairly, further opening the competitive areas of infrastructure to various business entities in a fair manner, and continuously making solid efforts to address the difficulties faced by private enterprises in obtaining affordable financing.He also stressed the effective protection of the lawful rights and interests of private enterprises and entrepreneurs in accordance with the law.Private enterprises and entrepreneurs should embrace entrepreneurship and patriotism, focus on strengthening, optimizing, and expanding their businesses, and be firm contributors to building socialism with Chinese characteristics and advancing Chinese modernization, Xi said. Notice: the passage above is from xinhuanet.We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

CUHK-Shenzhen establishes School of Artificial Intelligence!!!

02-14, 2025

On Feb. 13, The Chinese University of Hong Kong, Shenzhen (CUHK-Shenzhen) held the Inauguration Ceremony of School of Artificial Intelligence and International Forum on Artificial Intelligence, at SIN Wai Kin International Conference Center. The ceremony was presided over by Professor Huang Jianwei -- associate vice president of CUHK-Shenzhen. About 200 government officials, specialists and scholars, industry practitioners, and media workers attended the ceremony, witnessing the establishment of School of Artificial Intelligence of CUHK-Shenzhen.CUHK-Shenzhen, located in Longgang District of Shenzhen, began its schooling in 2014, and School of Artificial Intelligence is its 8th independent academy. School of Artificial Intelligence of CUHK-Shenzhen is scheduled to begin its enrollment in September of 2025, for the bachelor’s, master’s and doctoral programmes in artificial intelligence. CUHK-Shenzhen is an innovation-driven university rooted in the Greater Bay Area (Guangdong-Hong Kong-Macao Greater Bay Area) and with national and international eyesight. Since its foundation, it keeps attaching great importance to the development of artificial intelligence, currently with over 40 scholars elected in 2024 among global top 2% of scientists specialized in the sectors like artificial intelligence and image processing, network communication, operations research, automatic engineering, introduced by Xu Yangsheng -- an academician of Chinese Academy of Engineering and the president of CUHK-Shenzhen.Xu emphasized that School of Artificial Intelligence would undertake 3 major tasks, of vigorously pushing artificial intelligence schemes, the implementation and the disciplinary development, of fully coordinating the university’s development in pace with the development of artificial intelligence, and of following national strategies to school qualified artificial intelligence professionals.According to the relevant introduction, School of Artificial Intelligence of CUHK-Shenzhen, with the aim of improving China’s AI teaching and research, would strive to train and develop top professionals and cross-disciplinary personnel for the development of Shenzhen, the Greater Bay Area and even the whole nation, guaranteeing mighty talent base and scientific foundation for the sustainable development of AI sector.School of Artificial Intelligence of CUHK-Shenzhen just comes into being at the right time. It would help supply qualified personnel with both theoretical background and practical ability to Shenzhen, the Greater Bay Area and even the whole nation, injecting new energy into global AI sector and contributing to develop in the Greater Bay Area a new global-level highland for AI development, expressed by Gao Wen -- an academician of Chinese Academy of Engineering and the director of Peng Cheng Laboratory.Reference: Department of Science and Technology of Guangdong Province; Guangming DailyThe picture is from CUHK-Shenzhen.Notice: we respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Longgang District’s GDP of 2024 = 590.127 Billion Yuan

02-10, 2025

According to the calculation of Shenzhen’s GDP, Longgang District of Shenzhen recorded a GDP of 590.127 billion yuan in the year of 2024, which increased by 6.7% as compared with the previous year on the fixed-price basis. Specifically, the added value of the district’s industrial enterprises above designated size (each of whom gets the yearly revenue of the main businesses above 20 million yuan) surged by 9.4% year on year. The added value of the district’s primary industry (agriculture, forestry, husbandry and fishing) decreased by 12.5% year on year to 125 million yuan. The added value of the district’s secondary industry (mining, manufacturing, electric power, construction and other industries alike) increased by 7.8% year on year to 378.927 billion yuan. The added value of the district’s tertiary industry (the industries otherwise primary or secondary industry) increased by 4.7% year on year to 211.074 billion yuan. Notice: some data are from what Longgang District Statistics Bureau of Shenzhen released on Feb. 07, 2025. We respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.

Shenzhen’s GDP= 3680.187 billion yuan (in 2024)

01-26, 2025

According to the statistical data on the GDP of whole Guangdong Province publicized by Shenzhen Municipal Bureau of Statistics on Jan. 26, 2025, Shenzhen’s GDP (Gross Domestic Product) reached 3680.187 billion yuan in 2024, as calculated on the fixed-price basis, surging by 5.8% year on year. Specifically, the added value of the city’s primary sector (mainly referring to agriculture, forestry, animal husbandry and fishing) boasted a year-on-year increase of 1.5%, to 2.637 billion yuan. The added value of the city’s secondary sector (specifically referring to mining, manufacturing, electric power, constructing and other industries alike) saw a year-on-year increase of 8.3%, to 1390.928 billion yuan. The added value of the city’s tertiary sector (referring to those other than primary or secondary sector) witnessed a year-on-year increase of 4.3%, to 2286.622 billion yuan.

Some Figures about Shenzhen’s Industrial Development (2024)

01-21, 2025

As released by Industry and Information Technology Bureau of Shenzhen Municipality, the gross output of industrial enterprises above designated size (the yearly revenue of whose main businesses being above 20 billion yuan) in Shenzhen is estimated to be over 5 trillion yuan in 2024, while the industrial added value is estimated to surpass 1.2 trillion yuan.The added value of Shenzhen’s strategic and emerging industries in 2024 is estimated to be over 1.5 trillion yuan, approximately 45% of the city’s GDP. Emerging industries, such as intelligent connected and new-energy vehicle industry, artificial intelligence (AI) industry, low-altitude industry, prospered.Reference: xinhuanetNotice: we respect your intellectual property right and your other lawful rights. As any content here violates any of your lawful rights, please contact us, and we will delete related content.