Shenzhen welcomes new research centre: Shenzhen is to set up its first national-level Center for Applied Mathematics, one of thirteen such institutes to be built in the country. Established by Southern China University of Science and Technology, Shenzhen University, Chinese Academy of Sciences in Shenzhen, and China Electronics Technology Group, the new center is designed to spur innovation in the GBA. Sznews.com.
More business entities in Shenzhen: Shenzhen has seen a total of 10,005 new business entities, including 7,531 companies and 2474 self-employed enterprises, registered from February 7 to February 25, an increase of 20% year-on-year. Sznews.com.
Smartphone market plunges: Market research firm IDC has predicted a coronavirus-caused havoc in the country’s smartphone industry, saying that smartphone shipments are likely to slump by 40% in the first quarter. Caixin.
Huawei to build in France: Huawei is planning to build its first European manufacturing plant in France as the telecom giant looks to ease concerns raised by the US that it will pose a security threat to European countries’ next-generation 5G networks. Reuters.