www.mediafax.ro/economic/beijingul-pompeaza-miliar

Shenzhen, a leading tech hub in China, is producing advanced technologies but primarily sells them abroad due to weak domestic demand. The city is preparing for the APEC summit, showcasing its innovation transformation. Despite local advancements, many companies focus on international markets, driven by higher consumer spending overseas. Retail sales in Shenzhen have only increased by 2.3%, while exports surged by 18.5%. Trade restrictions from the EU and the US complicate the situation for Chinese firms, pushing some to relocate production. The Chinese government continues to invest heavily in technology, but this may indirectly affect household earnings due to low-interest loans and competitive pressures.