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Georgia, Chinese Shenzhen Dabaihui Industrial Group sign cooperation memorandum

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Georgia’s Ministry of Economy and Sustainable Development and major Chinese holding company Shenzhen Dabaihui Industrial Group have signed a memorandum of understanding on cooperation.

According to the Ministry of Economy, the document was signed by Georgian Economy and Sustainable Development Minister Mariam Kvrivishvili and the company’s President Wen Yuxuan.

“The memorandum provides for deepening bilateral cooperation and promoting investment in the energy sector, particularly in the development of renewable energy resources.

Under the memorandum, a joint working group will be established to review investment projects presented by Dabaihui Group. The Chinese side, in turn, will prepare and present specific initiatives and investment proposals for the construction of renewable energy power plants,” the ministry said.

Shenzhen Dabaihui Industrial Group (DBH) is one of the major business groups operating in China’s Guangdong Province and the city of Shenzhen. Established in 1994, the company currently comprises 26 subsidiaries operating in sectors including energy, real estate, mining, biotechnology and hospitality, according to the Ministry of Economy.

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image Georgia’s gross domestic product expanded by 6.9 per cent in Q2 2026 - Geostat

18.09.2026.18:13

According to preliminary data from the National Statistics Office of Georgia (GeoStat), nominal Gross Domestic Product (GDP) reached GEL 28,147.0 million in the second quarter of 2026, marking a real GDP growth rate of 6.9 per cent year-on-year.

The percentage change in the GDP deflator stood at 3.0 per cent for Q2 2026.

GeoStat reported that key positive drivers of economic expansion during the second quarter included information and communication (16.6 per cent), wholesale and retail trade alongside motor vehicle and motorcycle repair (8.0 per cent), transportation and storage (19.8 per cent), arts, entertainment and recreation (17.4 per cent), manufacturing (7.3 per cent), and human health and social work activities (15.0 per cent).

Conversely, notable contractions were recorded in construction (-4.8 per cent) and agriculture, forestry, and fishing (-3.5 per cent).

According to the agency’s report, wholesale and retail trade alongside motor vehicle and motorcycle repair accounted for the largest share of GDP by economic sector at 14.9 per cent, followed by real estate activities at 9.1 per cent. Subsequent shares were held by manufacturing (8.9 per cent), information and communication (7.6 per cent), public administration and defence including compulsory social security (6.5 per cent), construction (6.5 per cent), agriculture, forestry, and fishing (6.4 per cent), education (6.4 per cent), and transportation and storage (6.3 per cent).

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