Boom ahead for great bay area
By Ren Xiaojin in Beijing and Ma Zhenhuan in Hangzhou | China Daily | Updated: 2018-08-08 07:30
Announcement of massive spending plans lifts local firms' shares
Zhejiang province in eastern China plans to invest 1 trillion yuan ($145 billion) in more than 70 transportation-related projects in its Great Bay Area.
The investment bonanza, unveiled by the Zhejiang Provincial Development and Reform Commission, aims to develop the area as a world-class location on par with the Guangdong-Hong Kong-Macao Greater Bay Area in southern China.
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