In 2012, Xi Jinping promised market forces would play a “decisive” role in economic decision-making. On Wednesday (October 14) in Shenzhen, the Chinese president finally gave the globe a glimpse of what that might look like.
The where of this very, very big story is obvious to any Asia watcher. Forty years ago Shenzhen, a town at the end of the railroad near Hong Kong, became China’s laboratory for trade, industrialization and economic engagement with a fast-changing world.
The Special Economic Zone has, in the decades since, morphed into one of Asia’s alpha-plus megacities, a testament to the thriving success of politically communist China’s flirtation with capitalist economics.
— Read on asiatimes.com/2020/10/shenzhen-speech-puts-xi-on-the-clock/