Hong Kong Young Writers Anthologies Non-Fiction 2020 | Page 24

Non-Fiction – Group 3
Even though GBA is a world-class bay area, it lacks vital technologies such as in
the semiconductors sector. In 2018, sanctions from the U.S on ZTE nearly toppled this
leading company in telecommunications by exposing the Chinese weakness in chips and
semiconductors (Chen and Chen). Therefore, China’s delay to a breakthrough in this
sector could lead to dependence on foreign companies for the survival of the tech in the
manufacturing industry, especially by GBA and the larger China. Luckily, to curb the raging
challenge, efforts have borne fruits after Hisilicon Huawei company designed five chips
whose capability is equated to that of foreign companies. Also, Guangzhou has successfully
manufactured chips on foundries and fabs. Secondly, GBA is challenged by barriers in
regional administration. The geographical location of the region could result in the eleven
cities to face internal competition when obtaining economic favours and resources, leading
to funds being allocated inefficiently. Lastly but not least, the GBA economic aggregate is
massive, while the value of its output per capita is low compared to that of San Francisco.
The region does not appear among the one hundred universally acclaimed institutions in
innovations. It exhibits a previous change whose capacity is demanding, and the integration
of Hong Kong and Shenzhen should be increased even if the strength of their global finance
ranks highly globally(Xuejun et al. 725).
Overall, the Greater Bay Area is an innovation and technology hub comprising of
eleven cities. The region is among the global bay areas such as Tokyo Bay Area, New
York metropolitan, and San Francisco Bay Area. Besides, the megacity has both vast land
size and population. GBA’s development strategies include collective governance which
provides plans of action and vivid structures that propels the development of Small and
Medium-sized Enterprises both regionally and globally. It continually aims to become the
leading hub in innovation and technology through Shenzhen that host tens of thousands
of tech manufacturing industries. Additionally, GBA is advantageous in that has increased
openness, right location conditions, and a massive economic aggregate, among other merits.
Nevertheless, it should increase integration between Hong Kong and Shenzhen cities.
Works Cited
Chen, D., & Chen, T. ‘‘Is the Greater Bay Area China’s Future?’’ The Diplomat, 31 July
2019, https://thediplomat.com/2019/07/is-the-greater-bay-area-chinas-future/, Accessed
12 Jan. 2020.
Hua, C. ‘‘Bond issuances to bolster Greater Bay Area development.’’ China Daily, 23 Oct.
2019, https://www.chinadaily.com.cn/a/201910/23/WS5daf b130a310cf3e35572070.html,
Accessed 12 Jan. 2020.
Xuejun, L. et al. A Study on the Role of Guangdong-Hong Kong-Macao Greater Bay Area
Based on the Belt and Road Initiative. Journal of Economics and Business, vol. 2, no. 2, 2019,
pp. 722-738.
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