China will host next year’s Asia-Pacific Economic Cooperation (Apec) meeting in its southern city of Shenzhen.

The announcement was made on Saturday by Chinese President Xi Jinping as world leaders wrapped up this year’s Apec meeting, held in the South Korean city of Gyeongju.

Shenzhen is one of nine cities in China’s Guangdong province that make up the Greater Bay Area, which also includes the special administrative regions of Hong Kong and Macau.

Beijing has in recent years sought to transform the Greater Bay Area in hopes of turning it into a world-class economic and innovation hub.

More to follow…