VocabSphereChina’s digitalisation push seeks ‘digital energy’ to spark vital tech, economic growth in Greater Bay Area
China’s digitalisation push seeks ‘digital energy’ to spark vital tech, economic growth in Greater Bay Area
China’s digitalisation push seeks ‘digital energy’ to spark vital tech, economic growth in Greater Bay Area
China’s digitalisation push seeks ‘digital energy’ to spark vital tech, economic growth in Greater Bay Area
China is pushing forward with a plan to transform the Greater Bay Area into a digital powerhouse. This initiative aims to combine the strengths of manufacturing, trade, and technology in cities like Hong Kong and Macau. The goal is to overcome restrictions from the United States and focus on growing the digital economy. Guangdong province has announced a three-year action plan to create a 'Digital Bay Area' that will offer services for sharing data across borders.
By 2025, the 'Digital Bay Area' is expected to be mostly complete, with digital rules in place and new infrastructure that supports the flow of data and storage. This development is set to become a new source of economic growth, with 'digital energy' driving progress. The Greater Bay Area is already a major economic hub, with a GDP that surpasses many large economies. Guangdong is looking to use digital technology to improve how industries and supply chains operate.
Peng Peng, a leader in Guangdong's reform efforts, suggests starting with data sharing in universities to tackle the challenge of integrating different systems in Hong Kong and Macau. John Lee Ka-chiu, Hong Kong's Chief Executive, supports the digital initiative, highlighting its potential to simplify cross-border services and enhance public services and investment opportunities in the Greater Bay Area.
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"They're planning to set up special places in Guangzhou and Shenzhen where data can be shared safely across borders."
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