China stocks jump on hopes Xi will announce reforms in Shenzhen

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SHANGHAI (BLOOMBERG) - China stocks climbed on Monday (Oct 12) on optimism before President Xi Jinping's address in the southern city of Shenzhen this week.. Read more at straitstimes.com.

SHANGHAI - China stocks climbed on Monday on optimism before President Xi Jinping's address in the southern city of Shenzhen this week.

Mr Xi is expected to shore up plans to make southern China a global technology hub during the trip. He is scheduled to deliver an address on Wednesday, the official Xinhua News Agency said. China will take cooperation between Shenzhen and Hong Kong to a"higher level," Xinhua reported earlier, without offering more details.

China has been seeking to better integrate Shenzhen, the surrounding province of Guangdong and the former colonies of Hong Kong and Macau into what it calls the Greater Bay Area. The effort faces new challenges amid trade and security disputes with the US, anxiety over the new security law in Hong Kong and travel restrictions prompted by the virus pandemic.

 

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