Recently the Chinese government is stepping up its promotion of the “Greater Bay Area”, its version of Silicon Valley, in Guangdong province by offering incentives to foreign capital and companies.
     Ma Xingrui, Governor of Guangdong Province, said that by the end of November the local government has introduced 10 policies to explain how the region could better utilise overseas capital.
     The Greater Bay Area will become a centre of technology and innovation, said Ma, adding that foreign businesses will enjoy “equal treatment” with Mainland, Hong Kong and Macau enterprises.
     China expects GDP in the Greater Bay Area to triple to US$4.62 trillion by 2030 from US$1.38 trillion last year, surpassing the Tokyo, New York and San Francisco metropolitan areas.

 

 
 

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