News Analysis

China's Greater Bay Area plan is both an opportunity and competition for Singapore

The scallop-shaped Zhuhai Grand Theatre. It is designed in the shape of two shells – one at 90m high and one at 60m high. They imply the scallop gives birth to a pearl while the sea gives birth to a scallop, which leads to the name Zhuhai – “Pearl and Sea” in Chinese. PHOTO: WWW.BAYAREA.GOV.HK
The Hong Kong skyline in an aerial photo taken on Dec 19, 2018. PHOTO: AFP
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SHANGHAI - 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 operating in the area hailed it as a boon for business.

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