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Issuing time:2020-05-15 14:12

Greater Bay Area: China's ambitious but vague economic plan

China's ambitious plan to develop the so-called Greater Bay Area is designed to spur the economy, but analysts question whether its lofty goals can be achieved, as the BBC's Ana Nicolaci da Costa explains.

♦Greater Bay Area: 10 facts to put it in perspective

Urbanisation and the creation of wealth have been signatures of mainland China’s journey of economic reform and liberalisation. Today’s China is home to the world’s greatest number of city dwellers. To foster new business opportunities, China has a grand strategy of developing multiple city clusters to create sizeable areas of economic strength.

Greater Bay Area

The Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) brings together the two Special Administrative Regions of Hong Kong and Macao and nine municipalities in Guangdong Province. Covering 56,000 square kilometres (about three times the size of the San Francisco Bay Area), the Greater Bay Area has a combined population of over 69 million people and GDP of around US$1.5 trillion (comparable to that of Tokyo Bay Area and New York Metropolitan Area).

China’s Greater Bay Area promises new opportunities in 2020

One year after China’s State Council unveiled the outline development plan for the Greater Bay Area, a strategic growth zone combining the mainland’s Guangdong province with Hong Kong and Macau, leading property consultancy Knight Frank already sees opportunities on the rise in the region.

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