​China Vanke Co. said Saturday that it resolutely opposes international ratings agency Moody’s Ratings’ latest move to further downgrade credit rating and said it is misleading investors.

Gathering some 5,500 exhibitors in 13 exhibition halls, the 32nd China (Shenzhen) International Gifts, Handicrafts, Watches & Houseware Fair opened at the Shenzhen World Exhibition & Convention Center in Bao’an District on Thursday.

Shenzhen Transsion Holdings Co., which has made its fortune by exclusively selling phones in Africa, Shenzhen Transsion Holdings Co., said yesterday that revenue came in at 17.44 billion yuan (US$2.41 billion) in the first quarter of the year, an increase of 88.10% compared with the same period a year ago.

Shenzhen's Internet of Things (IoT) industry is poised for continued rapid expansion in the upcoming years, with the entire industry scale projected to exceed 950 billion yuan (US$13.8 billion) by 2025, a latest industry white paper showed.

In a promising start to the year, Shenzhen has witnessed a notable 11% year-on-year increase in electricity consumption during the first quarter (Q1), a sign of robust economic performance.

Cross-border e-commerce has become a new growth engine to boost Shenzhen’s foreign trade, which jumped 28.8% year on year to 1.02 trillion yuan (US$140.8 billion) in the first quarter this year.

Shenzhen's inbound tourism bookings for the upcoming May Day holiday have increased by 66% year on year, according to the leading Chinese online travel agency Ctrip.

A total of 9,820 companies are showcasing their products at the second phase of the 135th session of the China Import and Export Fair, also known as the Canton Fair, which opened in Guangzhou today.