China will raise its tariff rate on all imports from the U.S.from 34% to 84% starting from today, the Customs Tariff Commission of the State Council announced yesterday.

Shenzhen-based tech giants Tencent and Huawei have entered the top 10 of the Top 100 Global Innovators list by Clarivate, a leading global IP consultancy and analytics firm based in London.

Shenzhen-based Huawei was the second-largest applicant at the European Patent Office (EPO) in 2024 with 4,322 applications, according to the Patent Index 2024.

​Shenzhen-based electric vehicle (EV) manufacturer BYD announced Monday that it achieved a record revenue of 777.1 billion yuan (US$107 billion) last year.

Three Chinese cities, namely Shanghai, Shenzhen, and Hong Kong, have been listed among the world’s 10 largest financial centers by U.K. think tank Z/Yen Group and the China Development Institute.

A full-size humanoid robot, said to be the industry’s first research-grade humanoid robot under 300,000 yuan (US$41,437), was jointly launched by Shenzhen-based robotics firm UBTECH and the Beijing-based National and Local Co-built Embodied Artificial Intelligence Robotics Innovation Center on Wednesday​.

Shenzhen-based telecom equipment giants ZTE and Huawei are participating in the rollout of a 5G mobile network in Peru.

China's international trade was stable overall in the first two months of this year, the customs authority said, despite a drop in imports and concerns over higher U.S. tariffs.