(MENAFN - NewsIn.Asia)
Colombo, April 23 (www.counterpoint.lk): The miracle of Shenzen inspired governments globally to find ways and means out of adverse situations that plague countries in terms of their economic performance, especially in the post-second world war era.
Shenzen was well-regarded the world over as the most judicious and prudent way of experimenting with fundamental economic reforms the Chinese leaders wanted to introduce to the country s economic structure.
It was more of a litmus test of how market reforms such as liberalisation of the economy works within the global economic context.
The man behind the Shenzen success story was Chairman Deng Xiaoping. The story of Shenzen began in May 1980 and spread its wings rapidly across various parts of China, making dramatic and dynamic changes in that country s economic growth story.
Posted on April 26th, 2021
Courtesy NewsIn.Asia
Colombo, April 23 (www.counterpoint.lk): The miracle of Shenzen” inspired governments globally to find ways and means out of adverse situations that plague countries in terms of their economic performance, especially in the post-second world war era.
Shenzen was well-regarded the world over as the most judicious and prudent way of experimenting with fundamental economic reforms the Chinese leaders wanted to introduce to the country’s economic structure.
It was more of a litmus test of how market reforms such as liberalisation of the economy works within the global economic context.
The man behind the Shenzen success story was Chairman Deng Xiaoping. The story of Shenzen began in May 1980 and spread its wings rapidly across various parts of China, making dramatic and dynamic changes in that country’s economic growth story.
Sri Lanka minister says land in China-backed Port City in Colombo belongs to govt ANI | Updated: Apr 19, 2021 06:18 IST
Colombo [Sri Lanka], April 19 (ANI): Amid the controversy surrounding the China-backed Port City in Colombo, Sri Lanka Minister of Justice Ali Sabry has said the government owns 100 per cent of the land and the project has been initiated to bring investment in the special financial zone.
Addressing a media briefing on Sunday, Minister Sabry said the total area of the investment zone is 269 hectares and 91 hectares for public facilities and cannot be given to the project company, The Colombo Page reported. Out of the remaining land of the financial zone, 116 hectares or 43 per cent will be given to the project company which initiated the project in 2013 and spent USD 1.4 billion to develop the Port City.
Source:
Highlights
Sri Lanka unveiled draft legislation for a Colombo Port City Commission which allows for sweeping tax breaks, tax-free salaries and be an offshore financial centre
Earlier this month US Ambassador had warned the country of unintended consequences of `nefarious actors` who may try to misuse a Colombo Port City`s easy business rules
Colombo: Amid the controversy surrounding the China-backed Port City in Colombo, Sri Lanka Minister of Justice Ali Sabry has said the government owns 100 percent of the land and the project has been initiated to bring investment in the special financial zone.
Addressing a media briefing on Sunday (April 18), Minister Sabry said the total area of the investment zone is 269 hectares and 91 hectares for public facilities and cannot be given to the project company, The Colombo Page reported.
'China-backed Colombo Port City belongs to govt' southeastasiapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southeastasiapost.com Daily Mail and Mail on Sunday newspapers.