China: presents the Greater Bay Area development plan
The Chinese Government presented the development plan for the Greater Bay Area (GBA), China’s geographic area comprising the Special Administration Regions of Hong Kong and Macao and nine cities of the neighbouring province of Guangdong. The medium-term goal (2035) is to put in place one of the most competitive, advanced and rich economic areas in the world, capable of representing a challenge for areas like the Bay Area of Tokyo and New York and the Silicon Valley. According to the Plan, the area will serve as the model for a new phase in national growth, based on technological innovation, the digital economy, services, environmental protection and the quality of life. The Greater Bay Area is China’s richest area in terms of per capita GDP and is considered as a strategic hub for the nation’s economic growth thanks to the driving force of large financial centres (Hong Kong), technological innovation (Shenzhen) and manufacturing (Canton, Dongguan).
The document is available online at the link: https://www.bayarea.gov.hk/filemanager/en/share/pdf/Outline_Development_Plan.pdf.