Yangtze River Delta
In 2016, the Yangtze River Delta generated a GDP of RMB 17.72 trillion (US$2.76 trillion) – about 20 percent of national GDP. It is responsible for one-third of China’s imports and exports. It has a population of about 150 million people – 11 percent of the country’s total.
in June 2018, Shanghai, Zhejiang, Jiangsu, and Anhui agreed a three-year action plan (2018-2020), which will provide a strategic roadmap for integration and includes nearly a dozen collaborative projects to increase the region’s competitiveness on a global scale.
A RMB 100 billion (US$16 billion) fund, The Yangtze River Delta Collaborative Advantage Fund, was launched in Shanghai.
SOURCES- 2020 Foundation, China Briefing
Written By Brian Wang
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
I don’t think innovation and Xi’s renewed and purged “communist” party are going to mix well. He wants control AND innovation. Hard to have innovation when everyone is afraid to step out of line.
I can’t see 300% growth in 13 years. That will not happen. I can see a population increase and I can see a productivity increase. But 300% growth would need an average of 10% consistent annual growth for 13 years. Not going to happen.
The Red Flag River project, if carried to its logical conclusion, will produce millions of acres of productive farm land out of deserts. The COMAC C-919 and the follow on 929, will make them the third large passenger aircraft maker in the world. All of these could happen within the next decade.
3 Xi Jing Ping reverting reforms. Xi worked his way up from the bottom and is quite aware of the power of the market. I highly doubt that they want to go back to the Mao days. I think the problem of reform has to do with trying to overcome special interest groups, which is why the central government has been on a spree to amass more and more power. In any case, I think the jury is still out on this for another few years.
4 Corruption. The Chinese government have always had a lot of corruption. This did not seem to stop their progress for the last few decades, I doubt it will be an impediment going forward.
The rise of China has been riddled with problems, Problems that have been solved by the Chinese business and government. All along the way, people have always pointed to reasons why China will collapse for one reason or another. None of it came true for the last thirty years. Let me list the issues people have pointed to now for the reason for them to fail.
At least get the nickname right… hk/Guangzhou” is “pearl river delta”. Not the “Bay Area”, aka “Silicon Valley” in the United States…