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Strengthening Economic Ties Between Luohu and Barcelona

On May 8, 2025, Luohu, a central district of Shenzhen, known for its dynamic economic landscape, took significant steps towards enhancing bilateral relations with Barcelona, Spain. This initiative came to life through an economic and trade promotion meeting held in the vibrant city known for its rich industrial and commercial heritage.

The gathering brought together influential officials and business representatives from both regions, serving as a cornerstone for deeper discussions on technological innovation, sustainable development, and cross-border investments. The event heralded new opportunities to explore cooperative pathways that could yield mutual benefits to both participants involved in the meeting.

During the meeting, attendees expressed their appreciation for the burgeoning ties between China and Spain, highlighting the vast cooperation potential that arises from the economic synergies present in both regions. This meeting underscored their joint commitment to free trade and global economic integration, further solidifying their collaborative ambitions.

As part of its strategic objective, Luohu is keen on promoting consumption, advancing the service sector, and nurturing development in tandem with neighboring Hong Kong. The district is particularly eager to collaborate with Barcelona on several fronts including digital economy initiatives, smart city projects, jewelry exhibitions, and cultural tourism endeavors.

Officials from Luohu showcased the district's myriad advantages, such as being one of the earliest developed areas in Shenzhen and its strategic urban center position that connects globally. They emphasized its world-class business environment and promising development prospects, all of which present lucrative opportunities for collaboration. Recent statistics revealed that trade volume between Shenzhen and Spain soared past $28.71 billion last year, thanks in part to direct air routes established since they became sister cities in 2021.

The investment promotion officer from Luohu remarked on the valuable models represented by Barcelona's supercomputing center and Valencia's innovative sustainable initiatives. The collaboration in cutting-edge technology, urban development, and port logistics is thriving, with enormous potential identified in the digital economy, high-end manufacturing, and fashion consumption.

Recognizing Shenzhen's prominence as the second-largest economy in the world, Spanish representatives not only echoed Luohu's call for Spanish companies to invest but also welcomed investments from Shenzhen-based firms into Barcelona.

Officials in Barcelona encouraged investments from Luohu, particularly in tech parks, green initiatives, and cultural creativity projects, promoting mutual investments and industrial integration between the two cities.

The Spanish Small and Medium Enterprise Association (PIMEC) suggested establishing an institutional framework, proposing the creation of the 'Luohu-Barcelona Small and Medium Enterprise Cooperation Platform.' This would enable mutual investments, technological collaboration, and joint research and development for SMEs.

Additionally, PIMEC advocates for a transparent exchange of information regarding policies, regulations, taxes, and registration processes, while encouraging partnerships between educational institutions, research centers, and businesses.

The event also saw the signing of several memorandums of understanding to enhance cooperation between Luohu and Barcelona. It catalyzed enthusiastic exchanges between entrepreneurs and officials from both cities, laying a solid foundation for future collaborative efforts. The commitment from both counterparts lays the groundwork for a promising future in international cooperation, binding Luohu and Barcelona closer together in the global economy.

As these two vibrant cities engage in this cooperation, the potential for growth, innovation, and cross-cultural exchange seems boundless, opening doors to a brighter economic future.