-- China on Sunday unveiled a new comprehensive reform plan for Shenzhen to push high-quality development of the special economic zone and create a model city for a great modern socialist country.
-- According to the plan, supporting Shenzhen in piloting the comprehensive authorized reform measures is another significant step to advance the city's opening-up in the new era and a key move in building a pilot demonstration area of socialism with Chinese characteristics.
-- Known as a paragon of opening-up and development, Shenzhen in Guangdong Province is one of China's earliest special economic zones.
by Xinhua writers Xu Jinpeng, Liu Jie, Ye Qian, and Li Laifang
SHENZHEN, Oct. 11 -- China on Sunday unveiled a new comprehensive reform plan for Shenzhen to push high-quality development of the special economic zone and create a model city for a great modern socialist country.
The plan for 2020-2025, jointly issued by the general offices of the Communist Party of China Central Committee and the State Council, gives local authorities in Shenzhen a more direct and greater say in businesses, such as carrying out market-based economic reform, improving market and legal environments for global businesses, building a high-level open economy, providing service for people's livelihood, bettering the ecological environment, and urban space.
Aerial photo taken on Sept. 11, 2020 shows a view of downtown Shenzhen, south China's Guangdong Province. (Xinhua/Mao Siqian)
Facing the headwinds of anti-globalization, China is sending a strong signal that the country keeps firm on carrying out reform and opening up further to the outside world through the new reform, analysts said.
Known as a paragon of opening-up and development, Shenzhen in Guangdong Province is one of China's earliest special economic zones. Starting from a small town, it has developed into a key economic hub that surpasses Singapore in terms of gross domestic product (GDP). In 2019, Shenzhen's GDP topped 2.69 trillion yuan (about 396.8 billion U.S. dollars).
