Shanghai’s global ambitions may take a knock as Shenzhen becomes increasingly important to economic growth and innovation. Photo: Bloomberg Shanghai’s global ambitions may take a knock as Shenzhen becomes increasingly important to economic growth and innovation. Photo: Bloomberg
Shanghai’s global ambitions may take a knock as Shenzhen becomes increasingly important to economic growth and innovation. Photo: Bloomberg
Shenzhen

Shanghai’s global hub ambitions take a hit as high-tech rival Shenzhen’s new-found autonomy threatens to put it in the shadows

  • Shanghai’s efforts to build itself into an international financial hub suffered a blow when Beijing granted greater autonomy to Shenzhen, according to analysts
  • The government recently unveiled plans to turn Shenzhen into a ‘core engine’ of reform that it hopes will power growth and innovation

Topic |   Shenzhen
Shanghai’s global ambitions may take a knock as Shenzhen becomes increasingly important to economic growth and innovation. Photo: Bloomberg Shanghai’s global ambitions may take a knock as Shenzhen becomes increasingly important to economic growth and innovation. Photo: Bloomberg
Shanghai’s global ambitions may take a knock as Shenzhen becomes increasingly important to economic growth and innovation. Photo: Bloomberg
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