Shenzhen’s slowdown was driven, in a large part, due to its private investment growth plummeting in the third quarter, falling to a rate of only 0.3 per cent year from 12.3 per cent in the first half of the year. Photo: Xinhua

Shenzhen growth rate falls sharply in third quarter as US trade war weighs on China’s hi-tech hub

  • The growth rate for the home city of Huawei and Tencent slowed to 6.6 per cent in the first nine months of 2019 from 7.4 per cent in the first half of the year
  • Exports dropped 9.3 per cent, while the private sector investment rate plummeted to only 0.3 per cent, underlining the impact of the US trade and tech wars
Topic |   China economy

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Shenzhen’s slowdown was driven, in a large part, due to its private investment growth plummeting in the third quarter, falling to a rate of only 0.3 per cent year from 12.3 per cent in the first half of the year. Photo: Xinhua
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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.