Guangzhou, Guangdong’s provincial capital, missed target its growth target of 7 per cent last year. Photo: Bloomberg
China’s Greater Bay Area push could worsen Guangdong inequality and usher in new ageing crisis
- Massive infrastructure investment in 12 regional cities has yet to boost growth, where per capita GDP is just a third of the average in richer regions
- The focus on Greater Bay Area development has sparked fears that resources will not be evenly spread through Guangdong
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Greater Bay Area
Guangzhou, Guangdong’s provincial capital, missed target its growth target of 7 per cent last year. Photo: Bloomberg