On the eve of their 39th anniversary (officially) as China’s first special economic zones, both Shenzhen and Zhuhai have launched concerted efforts to portray themselves as “international” cities. These are noble efforts, and the slick videos they have produced are well worth watching.Continue reading Zhuhai, Shenzhen launch new promos
The hits keep coming from Qianhai, the special economic zone in Shenzhen that appears to be the spearhead of the next stage of major reform for the country.
The Shenzhen Foreign Exchange Bureau has issued detailed implementation guidelines for pilot reforms of foreign exchange in the zone, located in the Shekou district. These put forward a batch of initial trial policies that include allowing the use of forex earnings in domestic equity investment, a type of cross-border financing for local enterprises.
Guangdong leads the country: In the first half, the province’s GDP broke the RMB5 trillion mark, ahead of Jiangsu (RMB4.86 billion) and Shandong (RMB4.18 billion).
Shenzhen leads Guangdong: Its economy is not only the province largest, RMB1.213 trillion over six months, but the fastest-growing, up 7.4% YoY.
Who leads the Greater Bay Area?