Economics
China to Expand Shenzhen’s Qianhai Zone, Eyeing H.K.
- Economic cooperation zone to increase in area eight-fold
- Plan comes on day of Hong Kong Chief Executive Lam’s visit
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China announced an expansion of the Qianhai economic cooperation zone in Shenzhen on the same day as a visit of Hong Kong Chief Executive Carrie Lam to the border city.
The Qianhai zone, which was opened in 2010, will increase in area by around eight times, to around 120 square kilometers (46 square miles), from roughly 15 square kilometers currently, according to a document published by the official Xinhua News Agency Monday. The expansion is part of a plan to further integrate Hong Kong and Macau’s economies into the Greater Bay Area which includes Guangzhou, Shenzhen and other Pearl River Delta cities.