Greater Bay Area

During the national economic meeting in December 2017, the Greater Bay Area that connects Hong Kong, Macao and a number of cities in Guangdong Province was listed as a region of national strategic importance. It aims to become a global leading center of technological innovation, finance and trade by 2035, according to the National Development and Reform Commission. A coordination agency is expected to be established to address potential challenges since it involves two different political systems and three currencies. Experts argued that plural political systems will bring the unique advantages of diversification, and the area is expected to become a new engine to drive the nation's economic growth.