China unveiled a plan to turn Hong Kong and 10 neighboring cities into an economic hub

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The State Council of the People's Republic of China plans to turn Hong Kong and 10 neighboring cities located in the area of the Pearl River Delta into a global center for technology, innovation and economic activity. The South China Morning Post has introduced readers to the five strategic directions of this plan. The project, called the Big Bay Area, provides for closer integration between mainland China, Hong Kong and Macau. The key role in it is assigned to Hong Kong, Macao, Shenzhen and Guangzhou, which will be integrated into the innovation and financial center on the same principle as the objects of Silicon Valley and Tokyo Bay, with which they will be able to compete.

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