Page 76 - 2019 White Paper on the Business Environment in China
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9 White Paper on the Business Environment in China
Hong Kong. At present, Guangzhou and Shenzhen have Works Cited
entered into a second round of construction for office
areas. Firms from the Chinese mainland desire spaces Chan, Oswald.“Enhanced Cooperation Vital for Greater
in Hong Kong’s central districts. The report also said Bay Area Development.”ChinaDaily.com.cn, China Daily, 9
population un-bounded flows in the area will facilitate Feb. 2018, www.chinadaily.com.cn/regional/2018-02/09/
industrial property and shopping mall investment content_35674938.htm.
opportunities. As the high-speed train and inter-city rail
start to run, more “one-hour working-living cycles” for Chen, Liubing.“Belt and Road Initiative: Trade in Goods
commuters, such as Guangzhou-Foshan and Shenzhen- Exceeds $5t in 5 Years.” ChinaDaily.com.cn, China Daily,
Dongguan, will be formed in the GBA. Urban integration 8 Aug. 2018, global.chinadaily.com.cn/a/201808/28/
will speed up manufacturing population outflows to WS5b84fac8a310add14f38835f.html.
second-tier cities, including Dongguan, Foshan, Huizhou
and Zhongshan. This will create opportunities for these China Daily. “Growth Bolstered through Pilot FTZs.”
cities’ properties such as industrial and science parks, NEWSGD.COM, NEWSGD.COM, 9 Mar. 2018, www.newsgd.
homes and commercial facilities (Zhang). com/business/2018-03/09/content_181047939.htm.
The GBA has the opportunity to become a globally Devonshire-Ellis, Chris. “The Belt and Road: Five
leading innovation center, with all critical elements Opportunities for Foreign Investors.” Silk Road
available. Those elements are government support, Briefing, Dezan Shira & Associates, 4 Apr. 2018, www.
financial resources, engineering talents, university silkroadbriefing.com/news/2018/03/30/belt-road-five-
clusters and industry clusters, said Clare Fairfield, opportunities-foreign-investors/.
chairman of Venture Capital Institute of America.
Significant challenges to the area on the path to such Ecns. “China’s Greater Bay Area Shows Growing
an innovation center lie in the fact cities in the area Economic Influence.” Edited by Hong’e Mo, Ecns.cn,
have historically operated independently and competed Chinanews.com, 22 Jan. 2019, www.ecns.cn/news/cns-
with one another, he said. The design of the innovation wire/2019-01-22/detail-ifzcuekn4079491.shtml.
system should be top-down, with top-level management
to coordinate resources. The coordination is meant to Griffiths, James. “Are the Wheels Coming off China’s
avoid duplication by cities, reduce competition between Megaproject?” CNN, Cable News Network, 31 Dec. 2018,
cities, coordinate the efficient use of resources and the www.cnn.com/2018/12/31/asia/china-kenya-belt-road-
system operation, and help individual cities focus on bri-intl/index.html.
existing and developing areas of historical expertise.“The
fundamental job of the central management of the GBA Holmes, Frank. “China’s Belt And Road Initiative
is to make sure all entrepreneurial ecosystem elements Opens Up Unprecedented Opportunities.” Forbes,
are available within the system and easily accessible,” Forbes Magazine, 4 Sept. 2018, www.forbes.com/
Fairfield said (Li). sites/greatspeculations/2018/09/04/chinas-belt-
and-road-initiative-opens-up-unprecedented-
opportunities/#1440513d3e9a.
Hu, Yongqi. “Greater Bay Area to Play Global
Role.” ChinaDaily.com.cn, China Daily, 20 Nov. 2018,
usa.chinadaily.com.cn/a/201811/20/WS5bf36
5cba310eff303289c53.html.
Jing, Shuiyu, and Nan Zhong. “ New List for FTZs
Opens Key Sectors .” The State Council, People’s Republic
of China, 2 July 2018, english.gov.cn/policies/policy_
watch/2018/07/02/content_281476206073132.htm.
Lee, Amanda.“China Wants to Test Reforms, Foreigners
Want Whole Sectors Opened Up.” South China Morning
76
Hong Kong. At present, Guangzhou and Shenzhen have Works Cited
entered into a second round of construction for office
areas. Firms from the Chinese mainland desire spaces Chan, Oswald.“Enhanced Cooperation Vital for Greater
in Hong Kong’s central districts. The report also said Bay Area Development.”ChinaDaily.com.cn, China Daily, 9
population un-bounded flows in the area will facilitate Feb. 2018, www.chinadaily.com.cn/regional/2018-02/09/
industrial property and shopping mall investment content_35674938.htm.
opportunities. As the high-speed train and inter-city rail
start to run, more “one-hour working-living cycles” for Chen, Liubing.“Belt and Road Initiative: Trade in Goods
commuters, such as Guangzhou-Foshan and Shenzhen- Exceeds $5t in 5 Years.” ChinaDaily.com.cn, China Daily,
Dongguan, will be formed in the GBA. Urban integration 8 Aug. 2018, global.chinadaily.com.cn/a/201808/28/
will speed up manufacturing population outflows to WS5b84fac8a310add14f38835f.html.
second-tier cities, including Dongguan, Foshan, Huizhou
and Zhongshan. This will create opportunities for these China Daily. “Growth Bolstered through Pilot FTZs.”
cities’ properties such as industrial and science parks, NEWSGD.COM, NEWSGD.COM, 9 Mar. 2018, www.newsgd.
homes and commercial facilities (Zhang). com/business/2018-03/09/content_181047939.htm.
The GBA has the opportunity to become a globally Devonshire-Ellis, Chris. “The Belt and Road: Five
leading innovation center, with all critical elements Opportunities for Foreign Investors.” Silk Road
available. Those elements are government support, Briefing, Dezan Shira & Associates, 4 Apr. 2018, www.
financial resources, engineering talents, university silkroadbriefing.com/news/2018/03/30/belt-road-five-
clusters and industry clusters, said Clare Fairfield, opportunities-foreign-investors/.
chairman of Venture Capital Institute of America.
Significant challenges to the area on the path to such Ecns. “China’s Greater Bay Area Shows Growing
an innovation center lie in the fact cities in the area Economic Influence.” Edited by Hong’e Mo, Ecns.cn,
have historically operated independently and competed Chinanews.com, 22 Jan. 2019, www.ecns.cn/news/cns-
with one another, he said. The design of the innovation wire/2019-01-22/detail-ifzcuekn4079491.shtml.
system should be top-down, with top-level management
to coordinate resources. The coordination is meant to Griffiths, James. “Are the Wheels Coming off China’s
avoid duplication by cities, reduce competition between Megaproject?” CNN, Cable News Network, 31 Dec. 2018,
cities, coordinate the efficient use of resources and the www.cnn.com/2018/12/31/asia/china-kenya-belt-road-
system operation, and help individual cities focus on bri-intl/index.html.
existing and developing areas of historical expertise.“The
fundamental job of the central management of the GBA Holmes, Frank. “China’s Belt And Road Initiative
is to make sure all entrepreneurial ecosystem elements Opens Up Unprecedented Opportunities.” Forbes,
are available within the system and easily accessible,” Forbes Magazine, 4 Sept. 2018, www.forbes.com/
Fairfield said (Li). sites/greatspeculations/2018/09/04/chinas-belt-
and-road-initiative-opens-up-unprecedented-
opportunities/#1440513d3e9a.
Hu, Yongqi. “Greater Bay Area to Play Global
Role.” ChinaDaily.com.cn, China Daily, 20 Nov. 2018,
usa.chinadaily.com.cn/a/201811/20/WS5bf36
5cba310eff303289c53.html.
Jing, Shuiyu, and Nan Zhong. “ New List for FTZs
Opens Key Sectors .” The State Council, People’s Republic
of China, 2 July 2018, english.gov.cn/policies/policy_
watch/2018/07/02/content_281476206073132.htm.
Lee, Amanda.“China Wants to Test Reforms, Foreigners
Want Whole Sectors Opened Up.” South China Morning
76
