SHENZHEN: China’s Greater Bay Area ( GBA ) is lucrative, with its combined gross domestic product ( GDP ) of 14 trillion yuan ( US$ 2 trillion ) last year- larger than that of the whole of South Korea’s.
But some places have not yet realised their possible, said spectators. Among them is Qianhai, a city within the southern city of Shenzhen.
The Greater Bay Area consists of Shenzhen and eight other communities in Guangdong state, along with the two particular administrative areas of Hong Kong and Macao.
The GBA was established by China in 2019 as part of the country’s national financial growth strategy.  ,
The megacity, with a population of over 86 million individuals, generated about 11 per cent of China’s GDP last year.
On paper, Qianhai is interesting because it is connected via a bridge to Hong Kong and close to an airport. It was once actually hailed as the next Hong Kong, but ideas for realizing such an ambition fell through as plans for available data entry failed.
The state’s appeal quickly waned against the rise of northern Shenzhen, where numerous foreign businesses are nowadays concentrated.