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THE AREA OF THE GREAT BAY HONG KONG – MACAO – GUANGDONG
The Great Bay Area (GBA) is a regional economic integration project that occupies a strategic position in southern China. Its main objective in the coming years according to the Development Plan for the Greater Guangdong Bay Area – Hong Kong – Macao * link published last February, will become (1) a world-class urban centre; (2) a centre of innovation and technology of global reach; (3) a support pillar in the development of the Strip and Road initiative; (4) a showcase for cooperation between Mainland China – Hong Kong – Macao; (5) and a circle of high quality in life, employment and travel.
Earlier today, China’s National Bureau of Statistics released the COVID-19 impact report for the first two months of 2020[1]. According to the document, the country’s economic development has been affected by the outbreak epidemiological.
Most analyst predict a spike of Chinese economic influence in the Latin America region during and after the pandemic. On one side, China has already committed to several infrastructure, energy and mining investment projects, but also, Latin America economies are really suffering the economic impact of COVID 19, with many companies struggling to get capital to restart operations and governments redirecting infrastructure budget to attend the health emergency.