Chinese authorities has given greenlight to southern city of Shenzhen to pursue reform in areas such as relaxed market access for cross border data trading and an electronics trading platform, according o guidelines published on Wednesday show.
President Xi Jinping has given Shenzhen greater autonomy for pursuing reforms, praising it for “achieving miracles” while on a visit two years ago to mark the establishment of the country’s first economic zone in the southern city four decades earlier.
Xi said in October 2020 , Shenzhen would become a “model city for a strong socialist country,”.
The new guidelines from the National Development and Reform Commission (NDRC) further outlines where the city should pursue reforms, across finance, data, medicine, education and elderly care.
