In addition to China’s “Silicon Valley,” Shenzhen is seen among the world’s top 10 financial centers housing mighty financial institutions. Greater Bay Area — China’s Silicon ValleyIf Guangdong is today the trendsetter in global innovation, Shenzhen is the center of its technology progress. As measured by R&D per GDP, China’s innovation expenditures have climbed fast to about 2.2 percent. In relative terms, China’s R&D per GDP is already twice as high as that of Italy and France. Just as San Francisco has its Silicon Valley in the Santa Clara Valley, the GBA aspires to become the sprawling economic engine in China.

Source: Manila Times August 30, 2020 16:07 UTC