10 Questions
What is the approximate combined GDP of the Greater Bay Area in 2020?
1.7 trillion US dollars
What is the primary role of Hong Kong in the Greater Bay Area?
Global financial center
Which city is the technology and innovation hub in the Greater Bay Area?
Shenzhen
What is the primary challenge in integrating the cities of the Greater Bay Area?
All of the above
What is the planned length of the railway by 2035 in Guangzhou?
700 kilometers
What is the primary solution to facilitate integration in the Greater Bay Area?
Easing policies to facilitate integration
Which city is the entertainment hub in the Greater Bay Area?
Macau
What is the total population of the Greater Bay Area?
86 million people
What is the primary role of Guangzhou in the Greater Bay Area?
Transport hub and advanced manufacturing center
What is the area of the Greater Bay Area?
56,000 square kilometers
Study Notes
The Greater Bay Area (GBA)
- Refers to the Chinese government's plan to link 11 cities in the Pearl River Delta into an integrated economic and business hub
- Total area: around 56,000 square kilometers
- Total population: 86 million people
- Combined GDP: approximately 1.7 trillion US dollars in 2020
- Economically, it has overtaken the San Francisco Bay Area and is only slightly behind the Tokyo Bay Area
Core Cities
- Hong Kong: serves as the global financial center
- Free flow of capital makes it China's offshore Renminbi center
- Robust common law system makes it ideal for international legal arbitration
- Macau: entertainment hub
- Unique link to Portugal and former colonies (e.g., Brazil, Mozambique)
- Shenzhen: technology and innovation hub
- Headquarters for many Chinese tech giants (e.g., Huawei)
- Guangzhou: transport hub and advanced manufacturing center
- Expanding airport and key role in building a 700-kilometer railway by 2035
Challenges and Obstacles
- Bringing together very different cities with different social systems, legal systems, and market connectivity
- Economic imbalances between first-tier cities and smaller municipalities
- Competition and mismatch of resources in certain regions and sectors
- Outflow of population towards first-tier cities
Solutions and Initiatives
- Chinese government has eased some policies to facilitate integration
- Hong Kong lawyers can provide legal services in GBA's nine municipalities on specified CFO and commercial matters
- Plans to implement some Hong Kong laws in Shanghai's courts
- Hanchin area in Zhuhai to be run under a joint leadership model with a committee comprising Macau's Chief Executive and Guangdong Province's Governor
The Greater Bay Area (GBA)
- The GBA is a Chinese government's plan to integrate 11 cities in the Pearl River Delta into an economic and business hub
- Covers an area of around 56,000 square kilometers
- Has a population of 86 million people
- Combined GDP of approximately 1.7 trillion US dollars in 2020
- Economically, it has overtaken the San Francisco Bay Area and is only slightly behind the Tokyo Bay Area
Core Cities
Hong Kong
- Serves as the global financial center
- Offers free flow of capital, making it China's offshore Renminbi center
- Has a robust common law system, ideal for international legal arbitration
Macau
- Functions as an entertainment hub
- Has a unique link to Portugal and former colonies (e.g., Brazil, Mozambique)
Shenzhen
- Serves as a technology and innovation hub
- Headquarters for many Chinese tech giants (e.g., Huawei)
Guangzhou
- Functions as a transport hub and advanced manufacturing center
- Has an expanding airport and a key role in building a 700-kilometer railway by 2035
Challenges and Obstacles
- Integrating cities with different social systems, legal systems, and market connectivity
- Economic imbalances between first-tier cities and smaller municipalities
- Competition and mismatch of resources in certain regions and sectors
- Outflow of population towards first-tier cities
Solutions and Initiatives
- Eased policies to facilitate integration by the Chinese government
- Hong Kong lawyers can provide legal services in GBA's nine municipalities on specified CFO and commercial matters
- Plans to implement some Hong Kong laws in Shanghai's courts
- Hanchin area in Zhuhai to be run under a joint leadership model with a committee comprising Macau's Chief Executive and Guangdong Province's Governor
A Chinese government plan to integrate 11 cities in the Pearl River Delta, creating an economic and business hub with a large population and GDP.
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