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Unravel, 10 Nov 2020: A fine balance required for the success of China’s Greater Bay Area
The Greater Bay Area is China’s ambitious plan to create an economic region like the San Francisco Bay and Tokyo Bay areas, but only much larger – with a population of around 71 million. The mega project entails the integration of the two Special Administrative Regions of Hong Kong and Macau with nine other Chinese cities across the Pearl River Delta, making it a financial, technological and cultural hub of the region.
Unravel speaks with Tan Chong Huat, Senior Partner at RHTLaw Asia and Chairman of the China ASEAN Business Alliance (CABA), about the intricacies of this grand plan, its objectives, its impact on China’s economic future, and what China needs to set right to achieve its successful implementation.