The Greater Bay Area – A Heaven for Investment Opportunities
The world's most populous area is about to receive another major upgrade – the Greater Bay Area which includes the Pearl River Delta, Hong Kong and Macau offers investment opportunities for German companies.
With about 70 Mio. inhabitants and market access to further 1,3 bn customers in China, the area is set to rise: Its current GDP is expected to nearly double by 2025. The economic development in the south of China is attracting more and more international attention, especially from Germany. The recent visit of Federal Chancellor Dr. Angela Merkel for the opening of the AHK Innovation Hub in Shenzhen also highlighted the importance of this region.
The Greater Bay Area will benefit from the strengths of each of its members, prominently the financial and professional services of Hong Kong, the high-tech manufacturing, R&D and innovation skills of Shenzhen and the manufacturing experiences of both Dongguan and Guangzhou.
Furthermore, the region is a main hub for the One Belt One Road Initiative, with top-level infrastructure, many Chinese flagship companies such as Huawei, BYD and Tencent as well as numerous international corporations and a vibrant start-up scene.