Trust China to do the most bold things.
Chen Yalei, the financial broker, says Beijing is making a kind of offer to the cities in the Greater Bay Area that they simply can’t refuse. “Of course, there will be major shifts and, of course, some of these cities will lose importance while others gain ground.” But, he adds, at least for the time being, Hong Kong will remain indispensable, as the financial center of the Pearl River Delta and as China’s gateway to the world.
And afterwards? “The reformer Deng Xiaoping created a monument to himself in Shenzhen, and for his successor, Jiang Zemin, it was in Shanghai ” says Chen Yalei. “The Greater Bay Area is the project that President Xi Jinping intends to be remembered by in the history books.”
Bernhard Zand — Spiegel Online