Caixin
Jan 09, 2023 08:44 PM
ECONOMY

Shenzhen District Selects First Site for Joint Development With Hong Kong

Shenzhen’s Luohu business district. Photo: VCG
Shenzhen’s Luohu business district. Photo: VCG

A district in southern metropolis Shenzhen has designated its first plot of land to be a special territory for joint economic development with Hong Kong. The area will have industrial parks and adopt tax policies similar to those in the special administrative region, a local official said.

Shenzhen and Hong Kong will jointly explore special policies to regulate the 96,000-square-meter (23-acre) area in Luohu district as if it were part of Hong Kong, and will use it to support the country’s “dual circulation” economic strategy, Xia Dong, a deputy head of the district, announced at a recent meeting. The strategy focuses more on expanding domestic demand amid an increasingly complex global environment, with domestic and international markets supporting each other.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST