Plans to turn the Guangdong-Hong Kong-Macao Greater Bay Area into the world’s largest bay area in terms of GDP by 2030 have been submitted to China’s national economic planner. Around the globe, every “bay area” boasts its claim to fame. New York and Tokyo are financial meccas. San Francisco and Silicon Valley are synonymous with innovative technology. So, what are the key features of the Guangdong-Hong Kong-Macao Greater Bay Area that can turn it into a world-node economic hub? Are its different political, legal and economic systems a facilitator or an impediment? And how will China’s Greater Bay Area’s vision and strategy shape the country’s economic transformation in the future?
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