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Investor event attracts $119b to Shenzhen--China Economic Net

Executives hail city s efforts in opening-up, remain bullish on future prospects Senior executives of global enterprises are bullish on investing in Shenzhen, Guangdong province, saying the city s innovation capacity and openness will further fuel growth of their businesses amid global economic uncertainty. At the 2020 Shenzhen Global Investment Promotion Conference held on Tuesday, over 240 projects were signed, with total investment hitting 780 billion yuan ($119 billion). The projects cover a wide range of fields including new-generation information technology, advanced manufacturing, biomedicine, new materials and digital economy. The launch of the event is part of Shenzhen s broader efforts to push forward high-quality and sustainable development with the aim of building itself into a pilot demonstration area of socialism with Chinese characteristics.

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