News Analysis

China's Greater Bay Area plan seen as boon and bane for Singapore

China's plan for its Greater Bay Area singles out four cities - Shenzhen (right), Hong Kong, Macau and Guangzhou - as key centres. Observers said the plan presents business opportunities, but could also mean more competition for Singapore.
China's plan for its Greater Bay Area singles out four cities - Shenzhen (right), Hong Kong, Macau and Guangzhou - as key centres. Observers said the plan presents business opportunities, but could also mean more competition for Singapore.PHOTO: AGENCE FRANCE-PRESSE

China's grand plan to turn Hong Kong, Macau and nine other nearby cities into a global innovation hub will mean more opportunities for foreign talent and businesses, said observers, while warning that the Greater Bay Area (GBA) could also present competition to cities like Singapore.

A day after Beijing fleshed out an ambitious plan to link a cluster of southern cities while drawing the autonomous regions of Hong Kong and Macau closer to mainland China, foreign entrepreneurs who operate in the area hailed it as a boon for business.

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A version of this article appeared in the print edition of The Straits Times on February 20, 2019, with the headline 'China's Greater Bay Area plan seen as boon and bane for S'pore'. Subscribe