Tencent's new headquarters in Shenzhen. Photo: Handout
Economy /  China Economy

China’s economic downturn hitting luxury commercial property and yachts in wealthy tech hub Shenzhen

  • Hi-tech metropolis, home to Huawei, ZTE and DJI, is facing an overcapacity of office space, with demand unable to keep up with rising supply
  • Economic downturn, along with US-China trade war and technology battle, is turning foreign investors away from the Guangdong city
Topic |   Shenzhen
He Huifeng
He Huifeng

Updated: 7:56am, 3 Jul, 2019

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Tencent's new headquarters in Shenzhen. Photo: Handout
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He Huifeng

He Huifeng

He Huifeng is an award-winning journalist and has been focusing on mainland news reporting since 2001 for several overseas media. She has gained an in-depth knowledge of political, economic and social issues on the mainland through years of close observation, which has given her a love for journalism in the field.