Shenzhen attracts business home and abroad
In a series of recent events, Shenzhen has been actively promoting itself as a prime destination for business investment. Delegations from four districts of Shenzhen - Pingshan, Futian, Longhua, and Luohu - have visited countries in Europe, Asia, and the Middle East to meet with potential investors.
The Pingshan delegation visited the United Kingdom, Turkey, and the United Arab Emirates in February. The Futian delegation visited Italy, France, and the United Kingdom in the same month. The Longhua delegation visited Germany, while the Luohu delegation visited Beijing, Shanghai, Suzhou, and Hangzhou in China.
The Shenzhen-Hong Kong (Qianhai) Economic and Trade Cooperation Exchange was held in Hong Kong on March 8. The event was jointly organized by the Bao'an District and Qianhai Cooperation Zone of Shenzhen. The event highlighted the development policies of Qianhai and the high-quality productive elements of Bao'an. 21 high-quality projects were signed on the spot, with a total investment intention of 21.2 billion yuan.
The Shenzhen delegations have signed a number of cooperation agreements with potential investors. The agreements cover a wide range of industries, including finance, biomedicine, artificial intelligence, and advanced manufacturing.
Shenzhen's efforts to attract business investment are paying off. The city has seen a significant increase in foreign investment in recent years. In 2023, Shenzhen's actual use of foreign capital reached US$16.3 billion, an increase of 12.2% year-on-year.
Shenzhen's business-friendly environment and strong economic growth have made it a magnet for businesses from around the world. The city is well-positioned to continue to attract investment and grow its economy in the years to come.
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