The Chinese government officially launched the integration of the Greater Bay Area in 2017, with the aim of building Hong Kong, Macau and nine mainland cities into a competitive urban agglomeration. With the advancement of this strategy, inward FDI flows increased to other GBA cities as well. Post the Covid-19 pandemic, the recovery in FDI flows to GBA is driven by cities other than Hong Kong.
- Prior to 2017, FDI to the region was concentrated in Hong Kong. From the perspective of type, most of them are new projects, while there are few co-location, expansion and relocation projects.
- After 2017, the rapid growth of FDI to cities other than Hong Kong has made the distribution of FDI in the region more balanced, with co-location projects playing a significant role.
Article By Jingwei ZHOU
Graphic By Yixuan GE