​Shenzhen has introduced a set of 50 measures to provide subsidies for equipment renewal and trade-in of consumer goods across seven key fields, Shenzhen Special Zone Daily yesterday.

China’s southern province of Guangdong, the nation’s biggest manufacturing hub and the country’s largest provincial economy, has introduced a fresh batch of incentives for overseas capital, offering rewards of up to 150 million yuan (US$20.73 million) to foreign-invested firms in a bid to increase foreign investment.

​Exports of BYD Co., the world’s largest new energy vehicle maker, accounted for 36% of the total number of green cars that China shipped to overseas markets in the month, according to data from an industry body.

Guangdong Province, a leading economic hub in southern China, has rolled out an ambitious strategy to attract overseas investment by offering substantial financial incentives to eligible enterprises.

Shenzhen is gearing up to seize the opportunities presented by the burgeoning hydrogen industry, aiming to significantly bolster its scale and innovation capacity by 2025, according to a plan released by the Shenzhen Municipal Development and Reform Commission.

Since beginning to pilot cross-border data trading last June, the Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone has seen a remarkable surge in transaction volume, which has expanded over 200-fold to reach 114 million yuan (US$15.76 million).

China’s southern economic and export powerhouse Guangdong, which relies heavily on its foreign-oriented economy for sustainable growth, is pushing for “high quality”opening up of its economy in a bid to boost the province’s position in the global industrial and supply chains.

Shenzhen is calling for the subjects of candidate topics for major scientific and technological projects from all enterprises, higher education institutions, and scientific research institutes citywide, according to an announcement released by the Shenzhen Municipal Science, Technology, and Innovation Bureau recently.