This aerial photo shows the central business district of Shenzhen, South China's Guangdong province, on March 19, 2019. (PHOTO / XINHUA)
The Shenzhen government announced it had attracted more than 260 projects with a total investment of over 820 billion yuan ($128.8 billion) at the 2021 Shenzhen Global Investment Promotion Conference on Wednesday.
The 46 percent increase in investment volume from 560 billion yuan in 2019 demonstrates that the development of Shenzhen, Guangdong and the rest of the mainland bodes well for both international and domestic businesses, Shenzhen’s Party Secretary Wang Weizhong said at the conference.
The 44 key projects signed on-site included investments in new-generation information technology, digital economy, fashion, green and low carbon, biomedicine, trading, finance and logistics
The 44 key projects signed on-site included investments in new-generation information technology, digital economy, fashion, green and low carbon, biomedicine, trading, finance and logistics.
The investors included well-known enterprises from the United States, Germany, the Netherlands, Japan and South Korea.
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Besides the main conference in Shenzhen, parallel sessions were also held in 12 cities across five continents, including Los Angeles, New York, London, Tokyo and Sydney.
Land resources have been cited as a factor restraining the Shenzhen from attracting more firms, but Wang noted that the city set aside 15 square kilometers of new land for enterprises this year.
Last year, over 240 projects were signed and about 220 have been carried out, he added.
Shenzhen has long been a popular destination for foreign investments. According to official statistics, Shenzhen’s actual use of overseas capital grew 24.8 percent year-on-year to $8.8 billion in the first 10 months of 2021.
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