China plans to make Shenzhen a 'better place' than HongKong
By 2035, the southern Chinese city will"lead the world" in overall economic competitiveness, the document said.
Shenzhen's gross domestic product was behind that of Hong Kong in 2018, according to end-of-year exchange rates, but grew at a fast 7.6 per cent clip year-on-year to 2.4 trillion yuan . Initially triggered by opposition to a planned extradition law, the protests have evolved into a wider movement for democratic reforms.
The policy document said that individuals who are from Hong Kong and Macau but work and live in Shenzhen would be treated as residents. The city is already a key part of Beijing's"Greater Bay Area" policy, which plans greater integration between Hong Kong, Macau and mainland Guangdong province, where Shenzhen sits."Because of the ongoing political crisis, China is increasing inspections at the border between Shenzhen and Hong Kong, and that undermines this grand integration projection," said Ben Bland, director of the Southeast Asia project at the Lowy Institute.
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