‘It's a tough moment for a business’: Shenzhen battles economic slowdown

A view of construction sites in the Shekou area is pictured, in Shenzhen, Guangdong province, China June 11, 2022. Picture taken June 11, 2022. Picture: REUTERS/DAVID KIRTONDavid Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years, he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags to toothbrushes.

Created in 1979 in the first wave of China’s economic reforms, which allowed private enterprise to play a role in the state-controlled system, Shenzhen transformed itself from a collection of agricultural villages into a major world port that is home to some of China’s leading technology, finance, real estate and manufacturing companies.

The city has long been seen as among the best and most dynamic places for business in China and a triumph of the country’s economic reforms. President Xi Jinping called it the “miracle” city when he visited in 2019. Another of the city’s major companies, top-selling property developer China Evergrande, sparked fears of a collapse last year under its heavy debts that would have wreaked havoc with China’s financial system. Down the road, Ping An Insurance Group, China’s largest insurer, took big losses on property-related investments.Song Ding, a director at the China Development Institute

“Shenzhen’s economy is faltering, leaning back, and sluggish, while some are doubting if Shenzhen has enough momentum,” Song Ding, a director at the state-linked think-tank China Development InstituteThe Shenzhen government did not reply to a request for comment for this story.“There's a lot of people with a stake in Shenzhen remaining predictable, unlike before. You can't just experiment freely and see what sticks any more,” one city official told Reuters, on condition of anonymity.

Overseas entrepreneurs who flocked to Shenzhen to have their designs turned into products no longer make regular visits to its factories and the world’s largest electronics market in Huaqiangbei, forcing dozens of expat bars and restaurants to close or adapt to local tastes.

Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

‘It's a tough moment for a business’: Shenzhen battles economic slowdownHome to some of the country’s leading companies, China’s biggest goods exporter is struggling amid lockdowns, border closures and decreased consumer demand Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.
ソース: BDliveSA - 🏆 12. / 63 続きを読む »

Black Business Council wants to create procurement opportunities for SMMEsThese measures are centred around ensuring that businesses owned by the youth, women and people living with disabilities become the centrepiece of this drive for economic revival. How we as smme we will be able to get that opportunity. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. Wants?
ソース: ewnupdates - 🏆 30. / 53 続きを読む »