Home to 86 million people in and around the Pearl River Delta, China’s Greater Bay Area (GBA) boasted a GDP of $1,668.8bn in 2020. Already equal to that of South Korea and Canada, this GDP is set to grow two and a half times by 2030, according to HSBC.
Comprising the Special Administrative Regions of Hong Kong and Macau, and nine Chinese municipalities in Guangdong Province including Guangzhou and Shenzhen, the GBA represents a further step in taking forward the practice of ‘One Country, Two Systems’, according to Hong Kong’s Constitutional and Mainland Affairs Bureau.
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