Guangdong has officially launched a plan to attract young innovators from Hong Kong and Macau into its three key special economic zones of Hengqin, Nansha and Qianhai. The first phase, which has begun, will construct “innovation bases” for youth (under-40s) at the three zones by next year. The second phase will see these bases extended to Guangdong’s nine cities of the Greater Bay Area.
Readers can be forgiven a yawn. But the drive behind these projects should not be underestimated. The GBA masterplan envisages a future where young people from the two SARs are deeply embedded in the province’s growth from bases where their costs are significantly lower and their growth prospects are significantly brighter. They can still go to Lan Kwai Fong or the Venetian to let off steam on weekends, but their lifestyles will be inextricably linked to the development of the mainland cities that are busy rolling out cheap accommodation, low taxes, and beautiful/handsome partners for them. (OK, that last one was kidding.)
Read more (in Chinese).