China rises

China rises
China’s ascent to peer status with the U.S. is the century’s salient geopolitical fact. Beijing has used its growing power to turn neighbors into dependents and expand overseas. Its Belt and Road Initiative shows long-term vision but has also raised tensions along Asia’s rim. Internally, China faces financial and demographic challenges that will be hard to overcome, even as President Xi consolidates power.

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Map of the Greater Bay Area

Xi’s Shenzhen card – from domestic circulation to political integration

After last year’s protests, the Chinese Communist Party no longer wishes to highlight Hong Kong’s economic prowess. Rather, it plans on implementing ambitious economic reforms in the city of Shenzhen so that the Greater Bay Area becomes a hub for innovation and growth. The new strategy foresees economic integration with Hong Kong, but political unification may also be the end goal.

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