Posted on 03/09/2019 6:17:16 AM PST by vannrox
February 19, 2019 |
Hong Kong, Macau, Shenzhen and Guangzhou would be the four key cities of the bay area and the core engines for regional development.
The plan supports Hong Kong as an international finance, transport and trade center as well as an aviation hub, promoting the development of high-end and high-value-added financial, commercial, trading, logistics and professional services.
The insurance sector will be one of the biggest winners under the plan for the new economic hub because it will enable more cross-border insurance policy sales, claims and investigations, said analysts. The plan also includes measures to encourage insurance companies in Guangdong, Hong Kong and Macau to jointly develop innovative cross-boundary car and medical insurance products to allow policyholders in both markets to easily buy products and make claims.
The plan covers the period from now to 2022 in the near term and extends to 2035 in the long term. By 2022, a first-class international bay area with urban clusters should be basically established, featuring outstanding innovation ability and beautiful environments. By 2035, high-level interconnectivity in the markets in the Greater Bay Area should be realized with synergized regional development.
The grand plan calls for measures to strengthen cooperation in innovation and technology, enhance the building of basic innovation capacity, improved the in-depth integration of industries, academia and research, and deepen reform of innovation systems and mechanisms in the region, as well as step up the protection and exploitation of intellectual property rights.
The Greater Bay Area, which spans nine cities in South China’s Guangdong Province as well as Hong Kong and Macao, the two special administrative regions, with a total GDP of $1.5 trillion in 2017.
New-generation high technologies in information, biology, advanced manufacturing and new materials will grow into core industries in the area. Several key projects in fifth-generation (5G) networks, genetic testing, intelligent robotics, 3D printing and the BeiDou navigation system will be cultivated.
China wants the Greater Bay Area to compete with the New York bay area and San Francisco Bay Area in the USA.
1. An international innovation and technology hub
● More opportunities and better conditions for Hong Kong and Macau youths to start businesses in the bay area
● Allow Hong Kong and Macau research and design firms in Guangdong to have the same treatment as mainland companies and benefit from national and provincial policies
2. Expediting infrastructural connectivity
● Adopt new models of clearance procedures on the express rail and Hong Kong-Zhuhai-Macau Bridge
● Improve electricity transmission between mainland and Hong Kong
● Increase capacity at immigration ports in the bay area for a more efficient flow of people and goods
3. Deepen ties between Hong Kong and mainland financial systems
● Stock connections between Shanghai and Hong Kong, as well as between Shenzhen and Hong Kong, will be enhanced
● Eligible Hong Kong and Macau banks and insurance firms will be supported in opening branches in Shenzhen, Guangzhou and Zhuhai
4. Quality of life, work and travel
● Encourage Chinese nationals in Hong Kong and Macau to work at state enterprises and agencies
● Hong Kong and Macau residents working on the mainland could get the same rights to education, medical care, elderly care, housing and transport as mainland residents
5. Education in the bay area
● Consider letting Hong Kong teachers work in Guangdong
● Children of Hongkongers working on the mainland could get same right to education as mainland
residents
● Higher-education institutions from different cities will be supported in running schools and programmes jointly
6. Cooperation between Guangdong, Hong Kong and Macau
● The establishment of a Greater Bay Area international commercial bank in Guangdong
● Create an international and market-oriented business environment based on rule of law, under the jurisdiction and legal framework of mainland China
7. Ecological conservation
● Strengthen water and air pollution control in the Pearl Delta River area
SOURCES- SCMP, Reuters
Written By Brian Wang
A Chinese Silicon Valley, but directed by the intelligence services and offering ZERO privacy:
Actually, when you honestly think about it, exactly like Silicon Valley..?
They also have this project going on:
Wow, 16 km undersea tunnel; their projects are extremely ambitious.
I absolutely think they will pull it off.
Another amazing, still very far off plan I sometimes hear about a US/Russia Bering Strait link involving to link rail or road:
The Bering Straight is 55 miles but the ~ midpoint features the Diomede Islands:
The plan is the American half would feature a, like, tooootally AOC-ish bridge, omg, then the Russian half would have a tunnel.
I have my doubts, but sometimes they talk about it.
My guess is that mineral/timber interests back this.
I think China should complete the redevelopment of the Shenzhen/Dongguan/Guangzhou corridor, and fully integrate that eastern side of this "Bay Area" with Hong Kong's financial system, first. The only thing to needed to make that zone really take off is openness to Western ideas and investment...and communications. If Xi Jinping weren't pulling so hard in the opposite direction, it probably would have happened already.
This will be an even more tyrannical government with a lot more money. If America wanted to do business there, we know what that would involve.
While we bicker over which pronouns to use, the Chinese are preparing to assume leadership of the world. As more and more technical and scientific literature is published in Chinese, this trend will accelerate.
Chinese Communists/Government manage their country and control their population by campaign
In Mao’s era, it was a new political campaign every few years. That has been changed to economic/development campaigns. They can be used to justify many things - the movement of people, spending of money, development of certain areas, and above all, keeps people occupied and thinking of “progress” directed from the center
Free Trade Zones, Develop the West, The Olympics, Belt and Road, Greater Bay Area, etc... just a few
Our left-wing commie techies are smarter than your commie left-wing techies.
Free Traitors™ gave the Chinese the keys to the store. The Chinese invented NOTHING.
Since you admire them so much then by all means move there.
The Communist Silicon Valley makes
o Spyware
o Poor quality trash
o Short lifecycle
Free your people.
o Alternative is Japan who still makes high quality.
Buy Sony, every Sony product I have bought for decades is reliable and top notch. I even still have my Sony Walkman cassette and Sony dictation recorder.
My Sony DVD player is flawless.
China is failure. Let them die out.
America never needed China trash, except to make Congress rich, passing out monopolies.
Perhaps at some point in the future, but for now, as you say, an undersea tunnel in an already heavy urbanized area is entirely possible and probable.
"Shenzhen and Guangzhou are very advanced in places, but I have spent enough time around Huizhou, and Zhongshan to know they aren't going to become Mountain View or Sunnyvale any time soon - too many fish farms and giant industrial plants in the way. :)"
Good to know, thank you for that info Mr. Jeeves :)
Very well said beef.
It will only work if they can steal enough Tech
While perhaps true at the moment, it seems less certain in the near term.
What may be more relevant is which group has the generally more efficient controlling government. The current somewhat obvious anti-American destabilization effort by the Dems and some over-confidant Rinos suggest even that is becoming less certain.
What may be more relevant is which group has the generally more efficient controlling government. The current somewhat obvious anti-American destabilization effort by the Dems and some over-confidant Rinos suggest even that is becoming less certain.
Don't know, don't care very much.
The nice thing about technology is it's just a four-syllable word for "knowledge," and technology is based on knowledge that's discoverable to anyone with the brains and creativity to find it. The laws of physics are the same in China as they are here.
There are basic reasons why China will probably not catch up to us, at least until their culture becomes more like ours. There are a several of ways it would be good if our culture became more like their's, too.
A competition between our cultures would spur each to greater things, and refine and codify what's best in each. I want the USA to go back to the moon, and to Mars. The best chance that will happen is if China goes there. If that's what it takes to spur us to the next level of space exploration, fine with me.
I say this as someone with a Chinese spouse and Chinese in-laws.
You mean their culture becomes more like ours used to be.
I don't know, maybe, but also maybe the bad things are just more visible now.
There are bad, evil, nasty people in China too, and very good ones also.
It's arguable — in my view, anyway — whether its better to have the evil, nasty, self-destructive components of culture hidden, or out in the open.
The communications revolution that brought us the internet is also bringing us a whole lot of things we'd rather not see, but that doesn't mean they haven't always been there.
It's interesting to me how the power to propagate the truth, to scatter knowledge across the world cheaply and very rapidly, is causing the forces of darkness to amp up their game, so we have the disgusting antics of Nancy Pelosi, Jerrold Nadler, and Chuck Schumer now, as they put on their show of propaganda and lying out in public for anyone to see. Also, obviously, Alexandra Ocasio-Cortez and the other congressional pieces-of-work we now are forced to endure.
I don't admire it, and I wish such people would mend their ways, but there's not a thing I can do about it, except keep my own mind clear and not lie to myself or to others.
There are basic reasons why China will probably not catch up to us...
Apart from your "basic" and "probably" China's progress in the past few decades clearly indicates it knows how to play "catch up". However, instead of talking about ways we might join to improve relations between our nations, its admirals are talking publicly about nuking the U.S.
I say this as someone with a Chinese spouse and Chinese in-laws.
A reader could surmise that your in-laws are reasonably comfortable with the status quo (micro view) and do not participate in the numerous and regular protests that occur throughout the nation. It is no doubt somewhat disconcerting to read the headlines and have family members on site no matter what your macro view.
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