Xi Rallies China Behind Shenzhen as Tech Fight Heats Up
- President seeks ‘innovation high ground’ for global influence
- Southern city to get expanded role under Greater Bay Area plan
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President Xi Jinping vowed to press ahead with plans to gain the global lead in technology and other strategic industries, despite expanding efforts from the U.S. and its allies to check China’s rise.
The Chinese president reaffirmed his commitment to “opening up and reform” as a strategy for gaining economic advantage in a 50-minute speech Wednesday to mark the 40th anniversary of Shenzhen’s establishment as a special economic zone. With hundreds of local officials and executives present including Huawei Technologies Co. founder Ren Zhengfei, Xi called for the making of the southern metropolis into a “model city for a great, modern socialist country.”