Tannet reads from China Daily that major companies in Shenzhen are expanding to cope with growth opportunities thrown up from the Belt and Road Initiative.
International projects are opening up for businesses in industries such as infrastructure, logistics, information technology and financial services.
"To reap the benefits from its harbor location, Shenzhen is boosting connectivity with countries and regions related to the Belt and Road Initiative by implementing projects in trade, logistics, air transport and the information sector," said Wu Sikang, director of the Shenzhen Development Research Center.
Shenzhen is one of China's most vibrant cities and is actively encouraging Chinese companies to develop a Going Global strategy.
Already many firms are involved in putting together logistic networks, Wu confirmed.
Shenzhen Yantian Port Group Co Ltd has signed a memorandum of understanding to take part in the Melaka Gateway Port project in Malaysia.
China Merchants Group has also announced plans to roll out offices in 47 ports in 18 countries.
Local enterprise groups continue to be in the forefront of the Belt and Road Initiative, which connects Asia, Africa and Europe to a modern version of the ancient Silk Road.
Shenzhen airport has invested heavily in infrastructure renovation and launched new flights. It has added 12 international routes, including to Sydney, Dubai and Jakarta.
It has also increased the number of flights to major Southeast Asia cities. Last year, about 2.23 million international travelers visited the airport, which was up one third year-on-year.
Other sectors are also experiencing a boom.
Last year, 216 foreign companies started up in Shenzhen, an increase of 46.9 percent year-on-year. The city's international trade with Belt and Road economies also reached 482.7 billion yuan ($70.9 billion) during the same period, an increase of 7 percent compared to 2015.(Source: China Daily)
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