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China’s tech hub, Shenzhen, barely avoids economic contraction in first half of 2020

Summary:
[unable to retrieve full-text content]The city of Shenzhen, China’s tech capital that sits on the border with Hong Kong, barely avoided an economic contraction in the first half of this year, as a strong rise in investment offset weaker consumer spending and exports.Transformed from a small village adjoining Hong Kong in the last four decades, the mainland city’s gross domestic product (GDP) rose only 0.1 per cent in the first half from the year-earlier period, its statistics bureau said on Tuesday. Shenzhen fared better than the…

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[unable to retrieve full-text content]
The city of Shenzhen, China’s tech capital that sits on the border with Hong Kong, barely avoided an economic contraction in the first half of this year, as a strong rise in investment offset weaker consumer spending and exports.Transformed from a small village adjoining Hong Kong in the last four decades, the mainland city’s gross domestic product (GDP) rose only 0.1 per cent in the first half from the year-earlier period, its statistics bureau said on Tuesday. Shenzhen fared better than the…

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