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Greater bay plan seeks to improve China’s energy security

From openmarkets.cmegroup.com

The Chinese government plans to transform the Greater Bay Area (GBA) into an economic powerhouse that will drive innovation and GDP growth in the region. Taking its inspiration from Japan’s Tokyo Greater Bay Area, the San Francisco Bay Area and the New York metropolitan area in the United States, the initiative aims to improve connectivity and cooperation between nine key cities in Guangdong Province, Hong Kong and Macau. Detailed plans for the project were unveiled in February 2019, when the government published its Outline Development Plan for the Guangdong-Hong Kong-Macau Greater Bay Area, setting out its ... (full story)

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