Shenzhen


Guangdong to push development in three coastal cities

Guangdong to push development in three coastal cities

(ATF) Guangdong, China’s southern economic powerhouse, has long showed uneven growth among its major cities and local authorities are attempting to balance the province’s development by showering incentives on some of the less developed areas.Provincial authorities have issued three documents to support the development of three special economic zones: Zhuhai, …

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China agrees to be satellite producer of Russia’s Sputnik vaccine 

China agrees to be satellite producer of Russia’s Sputnik vaccine 

Moscow and Beijing have agreed a deal which will see 60 million doses of Russia’s Sputnik V vaccine produced in China from May.The Russian Direct Investment Fund (RDIF), which has financed the development of the vaccine, said on Monday that it and Shenzhen Yuanxing Gene-tech Co "have agreed to cooperate …

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China approves 'robot doctor' for orthopaedic surgery

China approves 'robot doctor' for orthopaedic surgery

(ATF) Chinese authorities have issued an approval for a orthopaedic surgical robot, which has made its operational debut on a patient in Shenzhen.Shenzhen Xinjunte Intelligent Medical Devices successfully obtained a registration certificate from the National Medical Products Administration for its advanced orthopaedic surgery robot.A 36-year-old woman suffering from low back …

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US policies put Chinese drone maker's operations in a spin 

US policies put Chinese drone maker's operations in a spin

(ATF) The North American operations of Chinese drone giant DJI Technology have been hit by staff cuts and resignations, upending what was one of the company's most successful divisions, according to a March 8 report.Washington's trade curbs on high-profile Chinese companies such as DJI have created problems for the company …

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Rise in home prices a further test for China's regulators

Rise in home prices a further test for China's regulators

(ATF) Home prices are a delicate issue in China, partly because there is a massive bubble of debt lingering under the property market that needs to be gently deflated this year, without creating a major repercussions for the economy and the party. So, it was a slight surprise to see …

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China backs merger of Shenzhen’s main stock and SME boards

China backs merger of Shenzhen’s main stock and SME boards

(ATF) China’s securities regulator has approved consolidation of the Shenzhen Stock Exchange’s main board and the small and medium-sized enterprise (SME) board in a bid to streamline the bourse’s structure and better serve enterprises’ financing needs.The SME board was created in 2004 to help smaller companies raise funds after new …

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Chinese officials begin crackdown on real-estate speculation

Chinese officials begin crackdown on real-estate speculation

(ATF) As has been said at numerous high-ranking meetings, China is entering a ‘new era,’ and one of the key goals of this is affordable housing, starting with tier-1 cities.Land sales have been a cash cow for local governments, as shown on Thursday when the Ministry of Finance announced the …

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China's AutoX launches self-driving robotaxi project in Shenzhen

China's AutoX launches self-driving robotaxi project in Shenzhen

(ATF) Chinese self-driving car technology continued to leap ahead this week, as internet giant Baidu received a permit from California to test its cars without a driver behind the wheel, while autonomous driving pioneer AutoX launched its driverless RoboTaxi programme to the public in Shenzhen.Although self-driving vehicles are designed to …

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Guizhou Maotai and rare earths lead Chinese rally

Guizhou Maotai and rare earths lead Chinese rally

(ATF) There have been sporadic Covid 19 outbreaks in various parts of Asia, including China, but this has not hindered the momentum of the markets. Despite bad news over the weekend, such as the effective cancelling of Chinese New Year, the Shanghai and Shenzhen stock markets resisted stubbornly for most …

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Fake marriages will no longer earn property benefits in China 

Fake marriages will no longer earn property benefits in China 

(ATF) In many of China’s metropolises, property rules, rather than love, have been a deciding factor on whether a couple get married or divorce. To limit home-buying demand, first-tier cities such as Shenzhen have policies that say only local hukou (domestic passport) holders are allowed to buy residential properties, leaving …

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