The southern city of Shenzhen is a symbol of the transformative reforms launched by China 40 years ago. Photo: Agence France-Presse

China’s Greater Bay Area still has hurdles to clear if it wants to be a tech challenger to Silicon Valley

  • Greater Bay Area aims to erase barriers between cities in the region in terms of policy, financing, logistics and talent
  • However, regional shortage of hi-tech research capacity is turning into a hindrance, analysts say
Topic |   China technology

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The southern city of Shenzhen is a symbol of the transformative reforms launched by China 40 years ago. Photo: Agence France-Presse
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Hong Kong is positioned as the international finance, shipping and trade centre under the bay area plan. Photo: EPA

China’s State Council reveals details of Greater Bay Area plan to turn Hong Kong and 10 neighbouring cities into economic hub

  • Years in the making, scheme embodies President Xi Jinping’s ambition to build innovation and finance powerhouse to rival Silicon Valley and Tokyo Bay Area
  • Hong Kong, Macau, Shenzhen and Guangzhou named as four key cities of the bay area and core engines for regional development
Topic |   Greater Bay Area

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Hong Kong is positioned as the international finance, shipping and trade centre under the bay area plan. Photo: EPA
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