Search Site

Trends banner

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

China’s Guangdong province now boasts of 75,000 high-tech companies

The city skyline and buildings under construction in China's Guangdong province. (AFP)
  • The province's estimated annual research and development (R&D) expenditure topped about $64.8 billion by the end of 2023
  • The region has seen its gross domestic product surpass $1.80 trillion in 2023, topping the country for 35 consecutive years

Shenzen, China–The total number of high-tech enterprises in south China’s Guangdong Province has exceeded 75,000, local authorities have said.

By the end of 2023, the province’s estimated annual research and development (R&D) expenditure topped 460 billion yuan (about 64.8 billion U.S. dollars), boasting 1.35 million R&D personnel and more than 665,000 valid invention patents, according to statistics revealed at a provincial conference on high-quality development.

Meanwhile, Guangdong saw the filing of 23,700 international patent applications via the Patent Cooperation Treaty (PCT).

The innovation performance of local enterprises has become a signature strength of Guangdong’s economy, said Gong Guoping with the provincial department of science and technology.

As an economic powerhouse in south China, Guangdong saw its gross domestic product (GDP) surpass $1.80 trillion in 2023, topping the country for 35 consecutive years