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Economy & Trade March 26, 2026 354 stories in this edition

Greater Bay Area trails peers in basic research despite strong tech potential: Deloitte

SCMP Asia / Asia / 1m ago / Mia Nurmamat
Greater Bay Area trails peers in basic research despite strong tech potential: Deloitte

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The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for just 5.67 per cent of total spendin...

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The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to...

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