China's Xi to provide speech in Shenzhen marking its 40th anniversary
12 October, 2020
Chinese President Xi Jinping will deliver a speech in Shenzhen on Wednesday (Oct 14) to mark the anniversary of the establishment of China's first special economical zone in the southern city 40 years back, the Xinhua state news agency reported on Monday.
The leader of neighbouring Hong Kong, Carrie Lam, later said she would postpone her twelve-monthly policy address scheduled for Wednesday and travel to Shenzhen instead, though she said no ending up in Xi was scheduled.
Lam said she'd head to Beijing later this month and aimed to carry her policy address by the finish of November.
On Sunday, the central government announced measures to provide Shenzhen greater control over land use, intended to motivate foreign investment in the technology sector, while reducing red tape in energy and telecoms.
One of the testing grounds for reforms that spurred China's high-paced growth during the last four decades, the Chinese Communist Party touts Shenzhen as a gleaming symbol of China's emergence as a global economic power.
Xinhua didn't give any information on Xi's speech nonetheless it is likely to touch on further integration of the higher Bay Area, an area which includes Hong Kong, Macau and nine cities in China's Guangdong province, including Shenzhen.
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