China's Xi Jinping to deliver speech in Shenzhen on Oct 14 to mark its 40th anniversary

China’s President Xi Jinping will be delivering a speech in Shenzhen on October 14 to mark anniversary of establishment of country’s first special ecomic zone in sourn city 40 years ago, Xinhua state news ncy reported. Last week, central government had anunced measures to give Shenzhen greater control over land use in a bid to encour foreign investment in techlogy sector, while also reducing red tape in energy and telecoms. 

Chinese Communist Party touts Shenzhen as a gleaming symbol of China’s emergence as a global ecomic power because it is one of testing grounds for reforms that spurred in country’s high-paced growth over last four decades. While details of Xi’s speech still remains unkwn, he is, however, likely to talk about integration of Greater Bay Area, which is a region that includes Hong Kong, Macau and nine cities in China’s Guangdong province, including Shenzhen. 

On or hand, Hong Kong leader, Carrie Lam, has also said that she would postpone her annual policy address scheduled for Wednesday and travel to Shenzhen instead. Lam won’t be meeting Xi during her visit to Shenzhen, however, she has plans to go to Beijing later this month. She is also expected to hold her policy address by end of vember. 

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Shenzhen SEZ 

Shenzhen SEZ was set up in August 1980. Over a period of 40 years, city has been transformed from a small fishing vill into a metropolis. Shenzhen was one of first four SEZs to implement China’s opening-up policy. or zones are also coastal cities located in sourn China - Zhuhai near Macau, Shantou and Xiamen. 

Previously, in a bid to celebrate 40th anniversary, several high-rise building’s in city also std a light show. As per reports, light show was performed using 826 drones combined with city lights in Shenzhen. '40th Anniversary of Establishment of Shenzhen Special Ecomic Zone’ were seen inscribed on high-rise buildings.

(Im: AP) 

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