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The central government has begun to map out a high-quality master plan for the new area, he added.

The central government also is resolutely against any foreign interference in China's internal affairs through making biased and irresponsible comments on the HKSAR's extradition law amendments.

The city has set up 20 tree planting sites, totaling more than 106 hectares.

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The chance of failure is high and the fluctuations in corporate earnings can be expected. Many firms with broken cash flows and unsuccessful research results will get delisted from the A-share market in the future, just like on the Nasdaq market. Only a tiny proportion of the listed tech firms that create real value for economic development will survive and receive sustainable high valuations.

The central authorities unveiled the full version of the Greater Bay Area development plan on Monday. It aims to turn the area, with a combined GDP of around .5 trillion, into a global technology innovation center and build advanced manufacturing and modern services industries. The plan also aims to develop the area into an international financial hub.

The central government must give priority to the role of flexible employment and new business models in stabilizing the job market this year, according to an expert.

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The center will provide technical support for the industrial chain of hydrogen applications, he said.

The central government has restrained the borrowing of local government financing vehicles, further contained local government debt risks, and clamped down on quasi-fiscal activity.

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The city held the first promotional event between late March and early August 2019, which brought its tourism revenue up 32.1 percent year on year and saw a 10-percent increase in the added value of its cultural industry.

The city's official system for the mobile application of public services, or i-Shenzhen, allows people to handle more than 95 percent of administrative matters, such as applying for social security insurance, purchasing plane tickets and settling traffic tickets.