China rises from SEZs to global economic anchor

Moving quickly to implement the policies announced by President Xi Jinping in his Oct 14 speech celebrating the 40th anniversary of the creation of the Shenzhen Special Economic Zone, the National Development and Reform Commission announced on Oct 18 a series of reforms opening up artificial intelligence-based businesses and financial markets.

Intellectual property protection, economic and business legislation, and talent attraction will be strengthened and further marketized.

After the ceremony, Xi laid a wreath on Deng Xiaoping's statue to commemorate Deng's policy of reform and opening-up. This strongly symbolized China's steadfast intention to continue opening up its economy to foreign investment and competition and pushing market-based reform.