The View | China’s upstart Bay Area could surpass the US original if Hong Kong, Shenzhen and Guangzhou work together
- Winston Mok says the Pearl River Delta is not yet on a par with California’s Bay Area or the Boston-Washington corridor, but the infrastructure connecting the Chinese region’s cities could boost its competitiveness significantly
If these two regions were to be splintered from the US, a politically polarised and fractured nation, its economy would be one-third smaller. More importantly, the US would lose its most affluent, influential and innovative regions. What would be left of the US, still larger than China’s economy today, would be a second-rate nation.
Instead of national rivalry between the two great powers, real competition is among leading economic regions – clusters of world-class cities with dense economic networks.
China’s top two economic regions are comparable to the US’ top two in many ways. They both represent about a third of their national economies. They are centres of innovation and commerce. In a globalised world with rapid technological changes, these mega regions only grow in importance, defining the competitiveness of their nations.
