Guangdong to get integration boost
7 years, 11 months ago

Guangdong to get integration boost

China Daily  

The Guangzhou skyline at night, Guangdong province, July 16, 2016. Shares of Guangdong-based port operators and developers surged by the daily limit on Wednesday, after Premier Li Keqiang said the central government will study and formulate an economic integration plan for the Guangdong-Hong Kong-Macao Greater Bay Area this year. The development plan for the area, with GDP totaling $1.4 trillion, along with a bond market connect plan between the mainland and Hong Kong to be launched this year, carries the goal of strengthening the cooperation between the mainland and Hong Kong and injects fresh momentum into Hong Kong's development, Li said when meeting Carrie Lam Cheng Yuet-ngor, newly elected chief executive of Hong Kong. Li's remarks and the inclusion of the planning on the greater bay area in the Government Work Report, delivered by Li last month to the nation's legislature, indicated the vision is now being pushed forward, said Xiang Xiaomei, head of the Institute of Industrial Economics Research at the Guangdong Academy of Social Sciences. Although the planning has yet to be formulated, a report by Changjiang Securities Co noted this bay area includes nine cities in the Pearl River Delta region as well as Hong Kong and Macao, which jointly generated $1.8 trillion in foreign trade last year.

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History of this topic

Opening-up hub pioneers new development models
1 week, 2 days ago

Opening-up hub pioneers new development models

China Daily  

Nurturing new quality productive forces and facilitating companies' international expansion will be key priorities for the Hongqiao International Opening-up Hub, officials said on Friday. At a news conference summarizing the hub's achievements over the past four years, officials highlighted its role in promoting integrated development across the Yangtze River Delta region. As local businesses seek to expand globally, the Hongqiao …

Industry clusters power province's progress
3 weeks, 4 days ago

Industry clusters power province's progress

China Daily  

Also, Guangdong has various professional divisions and application scenarios, allowing good results and ideas to quickly transform into good products and services, Huang noted. Regarding the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Wang Weizhong, governor of Guangdong, affirmed the province's commitment to collaborating with the two special administrative regions to build a world-class Bay Area. Specific measures include …

China's Greater Bay Area sees improving connectivity: spokesperson
4 weeks ago

China's Greater Bay Area sees improving connectivity: spokesperson

China Daily  

BEIJING -- The Guangdong-Hong Kong-Macao Greater Bay Area has reported improving connectivity in infrastructure, rules and mechanisms, as well as people-to-people exchanges, a spokesperson said Tuesday. The Greater Bay Area's development is a major national strategy, said Lou Qinjian, spokesman for the third session of the 14th National People's Congress, China's national legislature, at a press conference. The central government …

China's Greater Bay Area sees improving connectivity: spokesperson
4 weeks, 1 day ago

China's Greater Bay Area sees improving connectivity: spokesperson

China Daily  

BEIJING -- The Guangdong-Hong Kong-Macao Greater Bay Area has reported improving connectivity in infrastructure, rules and mechanisms, as well as people-to-people exchanges, a spokesperson said Tuesday. The Greater Bay Area's development is a major national strategy, said Lou Qinjian, spokesman for the third session of the 14th National People's Congress, China's national legislature, at a press conference. The central government …

China's Greater Bay Area sees improving connectivity: spokesperson
4 weeks, 1 day ago

China's Greater Bay Area sees improving connectivity: spokesperson

China Daily  

BEIJING -- The Guangdong-Hong Kong-Macao Greater Bay Area has reported improving connectivity in infrastructure, rules and mechanisms, as well as people-to-people exchanges, a spokesperson said Tuesday. The Greater Bay Area's development is a major national strategy, said Lou Qinjian, spokesman for the third session of the 14th National People's Congress, China's national legislature, at a press conference. The central government …

Mainland-HK cooperation zones set to drive growth
1 month, 3 weeks ago

Mainland-HK cooperation zones set to drive growth

China Daily  

Xia Baolong, who heads the Hong Kong and Macao Work Office of the Communist Party of China Central Committee and the Hong Kong and Macao Affairs Office of the State Council, visits the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub on Feb 9, 2025. Hong Kong officials and community leaders said a recent inspection led by central government official …

China's Greater Bay Area turns into dynamic growth engine for new quality productive forces
3 months, 1 week ago

China's Greater Bay Area turns into dynamic growth engine for new quality productive forces

China Daily  

GUANGZHOU -- BYD, a front-runner in the global new energy vehicle market, set a new record this year, with October marking a milestone sales achievement of 500,000 NEVs sold in a single month. PACESETTER IN HIGH-QUALITY GROWTH Eyeing high-quality sustainable development, Guangdong province, in recent years, outlined action plans for 20 strategic industry clusters, ranging from the automotive industry, new-generation …

China’s Xi swears in new leader of casino hub Macao, telling the city to diversify economy
3 months, 1 week ago

China’s Xi swears in new leader of casino hub Macao, telling the city to diversify economy

Associated Press  

MACAO — Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colony’s new government on Friday at an event marking the 25th anniversary of its handover to China. New Chief Executive Sam Hou Fai — Macao’s first leader born in mainland China — vowed to address the territory’s …

China's Xi swears in new leader of casino hub Macao, telling the city to diversify economy
3 months, 1 week ago

China's Xi swears in new leader of casino hub Macao, telling the city to diversify economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese President Xi Jinping urged …

Logistics park provides key boost to Bay Area
7 months ago

Logistics park provides key boost to Bay Area

China Daily  

The value of imports and exports passing through the Dongguan-Hong Kong International Airport Logistics Park in Dongguan, Guangdong province, had exceeded 10 billion yuan by last weekend, empowering both the manufacturing industry in the Guangdong-Hong Kong-Macao Greater Bay Area and the aviation industry in Hong Kong. The rapid development of the logistics industry in the Bay Area has greatly contributed …

Integrated megapolises next stage of reform
9 months, 3 weeks ago

Integrated megapolises next stage of reform

China Daily  

A view of Shanghai's Lujiazui area on Jan 10, 2023. To identify the best ways to advance the integrated development of the Yangtze River Delta region, President Xi Jinping chaired a symposium in Shanghai in November 2023. Between 2018 and 2022, the Yangtze River Delta region's GDP grew at an average annual rate of about 5.5 percent, accounting for 24 …

Macao, Guangxi sign agreements for comprehensive cooperation
10 months ago

Macao, Guangxi sign agreements for comprehensive cooperation

China Daily  

MACAO, May 24 -- Government departments and universities of south China's Macao Special Administrative Region and Guangxi Zhuang Autonomous Region on Friday signed seven cooperation deals covering economy, trade, culture, tourism, environmental protection, and traditional Chinese medicine. Addressing the event, Macao's Chief Executive Ho Iat Seng said that Macao actively cooperates with Guangxi in comprehensively integrating into the construction of …

Greater Bay Area leverages foundation of inclusion
10 months, 1 week ago

Greater Bay Area leverages foundation of inclusion

China Daily  

People watch Cantonese Opera on Friday at the Sub-Forum on Cultural Strength and Development Opportunities of the Greater Bay Area, as part of the Forum on Building up China's Cultural Strength, in Shenzhen, Guangdong province. ZHENG ERQI/CHINA DAILY The Guangdong-Hong Kong-Macao Greater Bay Area, with its open and inclusive cultural foundation, will leverage its unique advantages in inheriting and developing …

Greater Bay Area leverages foundation of inclusion
10 months, 1 week ago

Greater Bay Area leverages foundation of inclusion

China Daily  

People watch Cantonese Opera on Friday at the Sub-Forum on Cultural Strength and Development Opportunities of the Greater Bay Area, as part of the Forum on Building up China's Cultural Strength, in Shenzhen, Guangdong province. ZHENG ERQI/CHINA DAILY The Guangdong-Hong Kong-Macao Greater Bay Area, with its open and inclusive cultural foundation, will leverage its unique advantages in inheriting and developing …

GBA's growing influence in achieving a shared prosperity
1 year, 2 months ago

GBA's growing influence in achieving a shared prosperity

China Daily  

This photo taken by a drone shows vehicles running on the Hong Kong-Zhuhai-Macao Bridge on July 11, 2023. The GBA's robust consumptive power and its keen appreciation for international products underscore the immense potential for mutually beneficial economic cooperation, reaching beyond the borders of China and resonating within the broader global community. These flagship initiatives not only address the GBA's …

Nansha Hub Cluster
1 year, 2 months ago

Nansha Hub Cluster

China Daily  

Updated: 2024-01-03 Nansha Hub Cluster has an area of 10 square kilometers. Functional positioning Integrated development pilot zone of Guangdong, Hong Kong and Macao Planning and development priorities The cluster will focus on the development of information technology, financial back-office services and transformation of scientific and technological achievements and professional services. It will also create a productive service industry development …

Investment in GBA projects 'thoughtful', not 'excessive'
1 year, 4 months ago

Investment in GBA projects 'thoughtful', not 'excessive'

China Daily  

Updated: 2023-11-13 By Wang Xu and Liu Xiaohan in Guangzhou China Daily The city skyline of Dongguan, Guangdong province. In response to these concerns, Zhu Yonghui, deputy director of Guangdong's Greater Bay Area Office, said the GBA is a thriving hub of sustainable growth, and the area's commitment to balance, innovation and community well-being has positioned it as an exemplar …

Investment in GBA projects 'thoughtful', not 'excessive'
1 year, 4 months ago

Investment in GBA projects 'thoughtful', not 'excessive'

China Daily  

The city skyline of Dongguan, Guangdong province. In response to these concerns, Zhu Yonghui, deputy director of Guangdong's Greater Bay Area Office, said the GBA is a thriving hub of sustainable growth, and the area's commitment to balance, innovation and community well-being has positioned it as an exemplar of responsible urban development. "Rather than an excessive investment, the region has …

Greater Bay Area - China's path to Silicon Valley 2.0?
1 year, 5 months ago

Greater Bay Area - China's path to Silicon Valley 2.0?

China Daily  

Ken Ip says the 11-city cluster's robust economy, favorable central government policies, and the region's resolve to overcome various challenges will strengthen its potential to be a world innovation powerhouse A view of the under-construction Shenzhen Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. Collaboration with innovative GBA companies allows Hong Kong businesses to tap into …

Wenzhou Bay New Area launched
1 year, 11 months ago

Wenzhou Bay New Area launched

China Daily  

Wenzhou Bay New Area. The Wenzhou Bay New Area, the seventh provincial-level new area in East China's Zhejiang province, was launched on April 24, local media reported. The planned area for the Wenzhou Bay New Area spans 158.48 square kilometers and includes the Wenzhou High-tech Industry Development Zone and the Wenzhou Economic and Technological Development Zone. On April 14, the …

Shandong promotes coordinated development
2 years, 2 months ago

Shandong promotes coordinated development

China Daily  

An employee operates equipment at a smart production facility in Yantai, Shandong province, in November. TANG KE/FOR CHINA DAILY Shandong province has been ramping up efforts to promote coordinated development between urban and rural areas and between regions to improve the structure of the economy. Last year, the province rolled out new supporting measures and launched several major projects to …

Greater Bay Area's vitality attractive to investment
2 years, 3 months ago

Greater Bay Area's vitality attractive to investment

China Daily  

A photo shows the Hong Kong-Zhuhai-Macao Bridge, a mega sea-crossing project, in the Guangdong-Hong Kong-Macao Greater Bay Area, Aug 18, 2022. The Guangdong-Hong Kong-Macao Greater Bay Area recently held a global investment conference in Guangzhou, capital of Guangdong province. Covering Hong Kong, Macao and nine cities in the Pearl River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area is one of …

Greater Bay Area's vitality attractive to investment
2 years, 3 months ago

Greater Bay Area's vitality attractive to investment

China Daily  

A photo shows the Hong Kong-Zhuhai-Macao Bridge, a mega sea-crossing project, in the Guangdong-Hong Kong-Macao Greater Bay Area, Aug 18, 2022. The Guangdong-Hong Kong-Macao Greater Bay Area recently held a global investment conference in Guangzhou, capital of Guangdong province. Covering Hong Kong, Macao and nine cities in the Pearl River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area is one of …

China issues plan for further developing Shenzhen-HK cooperation zone
3 years, 6 months ago

China issues plan for further developing Shenzhen-HK cooperation zone

China Daily  

A panoramic view of the financial area in Hong Kong. China's central authorities issued a plan on Monday for further development of a cooperation zone for Shenzhen and the Hong Kong Special Administrative Region. The plan will "give full play to Hong Kong's long-held advantages in high-end professional services", lifting cooperation between the cities to a higher level, an official …

Plan gives Shanghai's Hongqiao a big boost
4 years, 1 month ago

Plan gives Shanghai's Hongqiao a big boost

China Daily  

A plan to build Shanghai's Hongqiao area and neighboring locations into an international hub was published by the central government on Feb 24, aiming to further promote the integration and opening-up of the Yangtze River Delta. Xu said Shanghai's industrial upgrade has created many opportunities for neighboring cities, and the new plan will form a greater metropolitan city cluster around …

Guangxi promotes integration with Greater Bay Area
4 years, 9 months ago

Guangxi promotes integration with Greater Bay Area

China Daily  

A hi-tech industry cooperation fair between Guangxi and enterprises from the Guangdong-Hong Kong-Macao Greater Bay Area was held in Nanning, Guangxi Zhuang autonomous region on June 23. More than 150 companies participated in the fair, including 100 companies from the Greater Bay Area, as well as 50 local industrial parks and enterprises in Guangxi, covering electronic information, new materials, new …

What role can Macao play in the Greater Bay Area?
5 years, 3 months ago

What role can Macao play in the Greater Bay Area?

China Daily  

A light show is staged at the Ruins of St. Paul's Cathedral in Macao. Macao also represents an important part of a project called the Greater Bay Area that the Chinese government unveiled back in 2011, aiming to develop the region into a role model of high-quality development directly competing with similar innovative hubs in San Francisco, New York City …

What role can Macao play in the Greater Bay Area?
5 years, 3 months ago

What role can Macao play in the Greater Bay Area?

China Daily  

A light show is staged at the Ruins of St. Paul's Cathedral in Macao. Macao also represents an important part of a project called the Greater Bay Area that the Chinese government unveiled back in 2011, aiming to develop the region into a role model of high-quality development directly competing with similar innovative hubs in San Francisco, New York City …

Nansha's Mingzhu Bay sees success in headquarters agglomeration
5 years, 3 months ago

Nansha's Mingzhu Bay sees success in headquarters agglomeration

China Daily  

Updated: 2019-12-12 eguangzhou.gov.cn The aerial view of the Mingzhu Bay area in Guangzhou's Nansha district. After five years of construction, the headquarters agglomeration of Mingzhu Bay area, the core area of Nansha district, Guangzhou's only city sub-center, has gained great momentum, as the area has attracted 29 industrial projects, involving a total investment of about 68.8 billion yuan, by the …

Shandong joins in 'Vegetable Basket' project of Greater Bay Area
5 years, 7 months ago

Shandong joins in 'Vegetable Basket' project of Greater Bay Area

China Daily  

The Shandong Provincial Department of Agriculture and Rural Affairs and the Department of Commerce of Shandong province signed a cooperation framework agreement on Aug 27 with their counterparts in South China's Guangdong province to jointly build the Vegetable Basket project of the Guangdong-Hong Kong-Macao Greater Bay Area. The Vegetable Basket project is a program initiated in May by local government …

Bay Area gearing up for a wider branding of global investors
5 years, 10 months ago

Bay Area gearing up for a wider branding of global investors

China Daily  

Updated: 2019-05-17 By Chai Hua China Daily With a new foreign investment law in place on the Chinese mainland, experts see an uptick in the inflow of a bigger sphere of overseas investors to the Bay Area. Recently, about four decades later, national authorities started a new round of opening-up with the launch of the recently approved foreign investment law …

Nansha strengthens port industry development
5 years, 10 months ago

Nansha strengthens port industry development

China Daily  

Updated: 2019-05-10 The 2019 World Port Conference exploring cooperation between ports and cities officially opened at the Guangzhou Baiyun International Convention Center on May 8. The experts from global ports, shipping industry and economic circles contributed their wisdom and solutions to issues such as the world economy and port development, the Belt and Road Initiative, the integrated development of port …

Zhanjiang to seek major railway, marine developments
5 years, 11 months ago

Zhanjiang to seek major railway, marine developments

China Daily  

Zhanjiang, a coastal city in the southwest of Guangdong province, will rely on its advantages in location, resources and industries to integrate with the development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to senior officials of the city. "As a pivotal city of the 21st Century Maritime Silk Road, Zhanjiang is right at the convergence of the Greater Bay …

Guangxi accelerates opening-up efforts
5 years, 11 months ago

Guangxi accelerates opening-up efforts

China Daily  

Fully integrate into the development of the Guangdong-Hong Kong-Macao Greater Bay Area. Guangxi is expected to further integrate into the Guangdong-Hong Kong-Macao Greater Bay Area, which will feed the region's economy with investments and advanced technology. Guangxi's Hezhou and Wuzhou, the nearest cities to the Greater Bay Area, have made good use of advantages related to transportation, ecology, and resources …

Guangxi on track for Greater Bay Area integration
6 years ago

Guangxi on track for Greater Bay Area integration

China Daily  

The Hong Kong-Zhuhai-Macao Bridge South China's Guangxi Zhuang autonomous region is on track for integration into the the Guangdong-Hong Kong-Macao Greater Bay Area development, local officials have said. Guangxi Party chief Lu Xinshe said integration into the Greater Bay Area will facilitate Guangxi's development in a number of fields and create mutual benefits for both regions. "The integration and connection …

Guangxi on track for Greater Bay Area integration
6 years ago

Guangxi on track for Greater Bay Area integration

China Daily  

The Hong Kong-Zhuhai-Macao Bridge. South China's Guangxi Zhuang autonomous region is on track for integration into the the Guangdong-Hong Kong-Macao Greater Bay Area development, local officials have said. Guangxi Party chief Lu Xinshe said integration into the Greater Bay Area will facilitate Guangxi's development in a number of fields and create mutual benefits for both regions. "The integration and connection …

Guangxi to reap benefits of Greater Bay Area development
6 years ago

Guangxi to reap benefits of Greater Bay Area development

China Daily  

Guangxi plans to make full use of its geographical strength, preferential policies, and natural resources to seize upon development opportunities brought by the neighboring Guangdong-Hong Kong-Macao Greater Bay Area. To achievement this, Guangxi will push ahead with 28 major projects divided into seven categories to boost transport connectivity, industrial integration, and the establishment of cooperation platforms with Guangdong province. Cooperation …

Central government to provide further support to HK, Macao, Bay Area
6 years ago

Central government to provide further support to HK, Macao, Bay Area

China Daily  

The Hong Kong-Zhuhai-Macao Bridge. In the Government Work Report Premier Li Keqiang delivered at the NPC session on Tuesday, the central government expressed firm support of the Hong Kong and Macao SARs in seizing the major opportunities by the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area development strategy. The central government has every confidence that Hong …

Industry layout of strategic emerging in the Greater Bay Area
6 years ago

Industry layout of strategic emerging in the Greater Bay Area

China Daily  

Currently, the Greater Bay Area has 20 Fortune 500 companies and over 43,000 national high-tech enterprises. The Greater Bay Area has formed a new generation of strategic emerging industrial clusters with an output value exceeding 100 billion yuan, such as mobile communication and flat panel display. 3D printing The development plan for the Guangdong-Hong Kong-Macao Greater Bay Area stresses the …

Industry layout of advanced manufacturing in the Greater Bay Area
6 years, 1 month ago

Industry layout of advanced manufacturing in the Greater Bay Area

China Daily  

Advanced manufacturing industry in the Guangdong-Hong Kong-Macao Greater Bay Area is mainly concentrated in the nine cities of Guangdong province. Advanced equipment manufacturing industry The focal areas are： Ten or more smart manufacturing demonstration bases in Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, and Zhaoqing. The construction of photovoltaic equipment industry bases in Guangzhou, Shenzhen, Foshan, and Dongguan, as well …

Beijing approves plan for Greater Bay Area to rival San Francisco's Silicon Valley in the United States
6 years, 2 months ago

Beijing approves plan for Greater Bay Area to rival San Francisco's Silicon Valley in the United States

ABC  

Beijing has given the greenlight to a blueprint for a technology-driven economic powerhouse in southern China to rival San Francisco's Silicon Valley amid doubts about the plan's feasibility. Key points: The Greater Bay Area has a population of 69 million and a GDP of $US1.5 trillion Experts believe the plan is part of China's strategy to catch up to America …

Zhanjiang on the growth accelerator
6 years, 4 months ago

Zhanjiang on the growth accelerator

China Daily  

Dynamic opening-up city adds weight to the construction of its transport network, marine economy, Chen Hong reports. "Zhanjiang is one of China's first 14 coastal opening-up cities and is now an important area that links the Guangdong-Hong Kong-Macao Greater Bay Area and the urban agglomeration of the Beibu Gulf," said Zheng Renhao, Party secretary of Zhanjiang. "Both the greater bay …

Greater Bay Area plan begins to take shape
7 years, 8 months ago

Greater Bay Area plan begins to take shape

China Daily  

A section of the Hong Kong-Zhuhai-Macao Bridge is seen on July 7, 2017. The Greater Bay Area plan has been submitted to China's top economic planner, Economic Information Daily reported Tuesday. The plan to develop a city cluster in the Guangdong-Hong Kong-Macao Greater Bay Area was submitted to the National Development and Reform Commission at the end of last month, …

Greater Bay Area plan begins to take shape
7 years, 8 months ago

Greater Bay Area plan begins to take shape

China Daily  

A section of the Hong Kong-Zhuhai-Macao Bridge is seen on July 7, 2017. The Greater Bay Area plan has been submitted to China's top economic planner, Economic Information Daily reported Tuesday. The plan to develop a city cluster in the Guangdong-Hong Kong-Macao Greater Bay Area was submitted to the National Development and Reform Commission at the end of last month, …

Tokyo Bay area a lesson in development
7 years, 10 months ago

Tokyo Bay area a lesson in development

China Daily  

China could learn from the experience of Tokyo Bay area how to develop the Guangdong-Hong Kong-Macao Great Bay Area, which this year's Government Work Report lists as a central government mission. Surprisingly, though, after the Tokyo Bay area's population reached 40 million, the big city malaise began subsiding thanks especially to the constant improvements in urban infrastructure and management. The …

Tokyo Bay area a lesson in development
7 years, 10 months ago

Tokyo Bay area a lesson in development

China Daily  

China could learn from the experience of Tokyo Bay area how to develop the Guangdong-Hong Kong-Macao Great Bay Area, which this year's Government Work Report lists as a central government mission. Surprisingly, though, after the Tokyo Bay area's population reached 40 million, the big city malaise began subsiding thanks especially to the constant improvements in urban infrastructure and management. The …

Greater Bay Area now a key factor in'Hong Kong 2030+'
7 years, 11 months ago

Greater Bay Area now a key factor in'Hong Kong 2030+'

China Daily  

Greater Bay Area now a key factor in'Hong Kong 2030+' Updated: 2017-04-28 07:00 By Paul Yeung Can you imagine the development of Hong Kong after 2030? Given the emergence of the new factor - Greater Bay Area development - we should rethink Hong Kong's future spatial design. In the consultation paper of "Hong Kong 2030+", the government proposed a conceptual …

HK to play key role as link between mainland, overseas
7 years, 11 months ago

HK to play key role as link between mainland, overseas

China Daily  

A view of Hong Kong's famous Victoria Harbour. With the high-profile development of the Guangdong-Hong Kong-Macao Greater Bay Area gaining pace, Hong Kong is looking to play its part to fulfill the area's ambitions, said the city's top mainland affairs official on Wednesday. In a sign of Hong Kong's determination to get a slice of the action, outgoing Chief Executive …

China Plan to Create New Shenzhen Spurs Speculative Rampage
7 years, 11 months ago

China Plan to Create New Shenzhen Spurs Speculative Rampage

Live Mint  

Hong Kong: It didn’t take long for news that China would set up an economic zone near Beijing to touch off an investor frenzy. The move by President Xi Jinping, which evokes memories of the rise of Shenzhen since it was declared a special economic zone more than three decades ago, is seen as a historic milestone to power China’s …

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