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China builds the world’s largest economic “Bay Area”

EID

The announcement of the Hong Kong-Guangdong and Macao Bay Area planning has led to a renewed review of the history of the regional Bay Area. However, the perspective of this history is too small and when we look at the planning of the Guangdong, Hong Kong and Macao Bay Area, the 5G parallel observation is almost simultaneous in terms of building the largest economic Bay area in the world.

Fully focused on the neat and global production of many industrial products in China the first can bring a rough sense of scale, and it is difficult to see the underlying, structured economic competitiveness behind these phenomena. The scope economy and economies of scale within the organizational context limit the use of this method of analysis, which in fact can also be used at the level of an economy such as the state. Globally, Chinese industry already has a strong advantage in terms of economies of scale and scope, which is one of the deep drivers of the continued shift of the global industrial sector to China, and these two economies also determine the spatial distribution structure of the industry in the global economy.

At present, the world’s industrial layout’s complex fluctuations have not only proved that China’s industrial gravity has weakened, but it just defies the tracking stability of Chinese industry. Nowadays, some developed economies have begun to withdraw their production capacity from China to bridge the so-called loss of knowledge caused by the separation of production and research and development, but the real problem is far from simple, which is not something that the mobility of the production chain can solve. The withdrawal of production links to developed economies and the integration of R&D and production has created new problems: the withdrawal of production links is not simply a withdrawal from China, but an exit from the world’s largest economies of scale and scope. The direct result of this move is that it has pushed up the overall economic costs of the countries concerned.

This process is accompanied by plans by developed economies to replace the labour force in the production chain with machines. This is a vision of industrial cost reduction, and we can see that behind the machine is the large-scale cross-border labour importation of advanced economies. The re-intercontinental economy that has emerged in the theorists of advanced economies is nothing more than a combination of Europe or North America or the combined European and North America to find economies of scale and scope within a larger economic scale to hedge against China’s economies of scale and scope.

But these methods do not address the economies of scale and scope of the industry-based economy in developed economies. The definition of China as a world factory is very biased. This view is that the supply of industrial knowledge corresponding to industrial imagery is not within the Chinese market, so it is postponed to identify mobile production capacity as the most popular industrial infrastructure of the moment. This is very naive. At present, the transportation network has produced tremendous industrial gravity in China and has become the industrial infrastructure of the largest physical form China provides to the world. To put it more directly, the transportation network is a macro tool for promoting the market. China has industrialized its market with its own unique transportation network. The way in which the most advanced modes of transportation and the largest transportation network are confined to China limits the imagination of the world. Large-scale high-speed railway networks, highway networks, and aviation networks have brought China more than just traffic efficiency and transportation costs. It has also greatly reduced the east-west distance and north-south distance of the Eurasian continent, making Europe and Asia For the first time, the largest earth island in the mainland has become smaller and smaller, and China has shortened its distance to the world. From the “superconductivity” of transportation, the large-scale high-speed transportation network seems to turn the whole of China into a coastal country. This is also the direct growth of China into the world’s largest economic bay in today’s world economic geography. The reason is that no country’s transportation has brought such changes to the world.

World-class R&D capabilities, production capacity, distribution capabilities, and consumption capabilities have made China the largest industrial event in the industrial era. This is also the internal cause of China’s centuries-old road in developed countries in just a few decades. The planning of Guangdong, Hong Kong and Macao is not a spatial plan. It is more like a declaration of time or age, that is, the arrival of the real “post-industrial era”. The true “post-industrial era” is not the division of labour between knowledge production and industrial production in different countries, but the complete socialization of knowledge production and industrial production. Knowledge production and industrial production are accompanied.

If the communication era before 5G caused the space to traverse or compress information, with the support of technology, China’s first 5G communication will cause new space upgrades around the world. The connection density of 5G can reach 1 million / square kilometres, which can effectively support the access of massive IoT devices. Therefore, once the 5G communication network is completed, it means that all the people in China will enter the Internet era. The whole social behaviour and the flow of social knowledge are directly superimposed. People and their objects in society become knowledge. The creation of the subject, the associated relationship between society and knowledge is also completely constructed. It is no exaggeration to say that in the 5G era, 5G has become a tool for organizing the collective wisdom of society, and the activities of people and things are a decisive factor of production.

China’s economic development will be decoupled from the demographic dividend centred on low-cost labour prices, and it will usher in a huge-scale innovation dividend created by the whole society and connected people. Just as China has the best economies of scale and economies of scale in the world, 5G will also give China the highest density of knowledge innovation in the world. It provides a comprehensive and deterministic tool for the entire economy and is our economic upgrading tool. 5G has completely upgraded the Chinese economy to a topology with few peripherals, and this topology is one of the largest electronic bay areas in the world. For the Chinese economy, this topology is both a digital form of production factors and a management and synergy mechanism for physical production factors.

Therefore, today’s upgrade of the Guangdong, Hong Kong and Macao Bay Area is by no means a simple collection of urban agglomerations, it echoes the topology brought about by the 5G, and more than 20 super-cities under construction in China will be part of the structure of this economic topology.

When the huge torrent of factors of production emerges in China, the main task of the space form is to support and recreate these elements of the torrent, and the ability to support and recreate these elements of the torrent is manifested in the extent to which we can share these factors of production. In this sense, the Guangdong, Hong Kong and Macao Bay Area, Super urban agglomeration, high-speed transport network, social knowledge innovation mechanism, industrial production capacity and even social consumption, are the spatial forms of China’s economy, they will jointly create the world’s largest area of synchronic time, of course, will also create the world’s largest volume of “streaming space.” The faster and cheaper the flow of factors of production, the more creative the factors of production can be, which is the greatest gravitational pull of the “Gulf region of China” on the global economy, supported by space forms such as the Great Bay Area of Guangdong, Hong Kong and Macao.

-Economic Reference newspaper (Luo Qingqi)

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