GBA Briefs: 10/3/2020

Guangzhou has 138 projects: The provincial capital is responsible for a large chunk of Guangdong’s overall construction budget this year, with emphasis on high-speed railways connecting Guangzhou South Station to the city center, as well as 5G, biotech, and automobiles. This is in addition to its two favored high-tech areas of Nansha in the south and Sino-Singapore Knowledge City in the north. Dayoo.

Shenzhen tenders airport hub: Shenzhen is pushing ahead with a design tender for its massive new transport hub on the east side of the Bao’an International Airport. The 100-hectare underground area would link the airport with high-speed railway and highway networks.

HK university expands in GBA: Hong Kong Polytechnic University, scene of destruction during recent protests, is going ahead with plans to build a 2 million sqm campus in Foshan, costing 30.7 billion yuan. Nanfang Daily.

Shenzhen property prices surge: Plunging transaction numbers in Shenzhen’s property market are at odds with pricing data: second-hand homes saw prices surge by up to 25% YoY, according to data from the city’s major property agents.

Smartphone industry suffers: Although Dongguan has been trumpeted as one of the country’s leaders in getting its manufacturing workforce back, it is still at less than 50%. Meanwhile, official data shows the country’s smartphone makers – the biggest of which are clustered in Dongguan – shipped just 6.34 million units in February, a 54.7% decline YoY and well down from 20.4 million shipped in January. Caixin.

Dongguan plans high-speed hubs: Dongguan has set itself an ambitious goal of 10 years to build a “comprehensive” transport network, with priority being given to the construction of high-speed railway hubs. Dongguan Times.  

Hong Kong can adjust: Hong Kong’s Financial Secretary, Paul Chan has said the government would keep an open mind on adjusting its economic forecast and launching relief measures. SCMP.

Shenzhen rent relief: Shenzhen’s Bao’an district has offered loans to companies that need to cover their rents during the outbreak. Interest rates could be as low as 1.1%.

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