The survey was conducted during the third quarter among small, mid-sized and large Hong Kong start-ups, more than 40 per cent of which had revenues of over HK$10 million (US$1.3 million) in 2019. Photo: Xinhua

Hong Kong start-ups lack Shenzhen’s international focus, limiting opportunities, survey finds

  • Mainland firms more focused on cutting-edge technology, Deloitte survey finds
  • Hong Kong government support slow and inefficient compared to mainland, limiting chances to expand
Topic |   China economy

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The survey was conducted during the third quarter among small, mid-sized and large Hong Kong start-ups, more than 40 per cent of which had revenues of over HK$10 million (US$1.3 million) in 2019. Photo: Xinhua
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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

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

TOP PICKS

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
READ FULL ARTICLE