Shenzhen’s economy grew steadily in 2025, with its gross domestic product (GDP) reaching 3.873 trillion yuan (US$557.32 billion), up 5.5% year-on-year in constant prices, according to figures released Tuesday by the Shenzhen Municipal Statistics Bureau.

Shenzhen’s foreign trade reached a historic high in 2025, with total imports and exports climbing to 4.55 trillion yuan (US$653.38 billion), according to data released by Shenzhen Customs.

China's gross domestic product (GDP) grew by 5% year on year in 2025, meeting the annual target of around 5%, official data showed yesterday.

Despite the headwinds in global trade triggered by protectionism and regional unrest, Shenzhen reclaimed the top spot among Chinese cities in total foreign trade volume in 2024, after a nine-year gap. In the first 11 months of 2025, the city’s cumulative import and export value reached 4.12 trillion yuan (US$585 billion), solidifying its position as the national leader.

Shenzhen-based UBTECH ranked as the world’s third-largest producer of humanoid robots in 2025, with recorded shipments of 1,000 units, according to an industry report released last week by London-based tech consultancy Omdia.

Responding to shifting consumer habits and demographic trends in China, IKEA is closing seven of its large-format stores, including locations in suburban Shanghai, Harbin, Tianjin, and Guangzhou. These stores will cease operations on Feb. 2.

Shenzhen-based new energy vehicle manufacturer BYD sold approximately 2.26 million electric vehicles (EVs) in 2025, outpacing U.S. rival Tesla, which delivered about 1.63 million EVs during the same period.

Shenzhen-based Wingtech Technology may seek international arbitration and claim damages of up to US$8 billion if the issue of shareholder control over its Dutch chipmaking subsidiary Nexperia remains unresolved within six months, according to a company source.