BEIJING—As the world’s second-largest economy has shown signs of a V-shaped recovery from the coronavirus outbreak, China’s ambition to set up a mega economic zone involving its territory Hong Kong has created a ripple among Beijing watchers.
Some analysts warn that if China realizes the “Guangdong-Hong Kong-Macau Greater Bay Area” project, the advent of such an attractive investment destination may provide a window of opportunity for Beijing to bolster its economic influence in the world.
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