Record permanent residencies granted to expatsA total of 1,881 expats in China have been granted the statusover the past two months, about the total for all of last year

P4

Air monitoring available in subdistricts

The city’s human habitat and environment commission has put its air quality monitoring system, which covers 74 subdistricts across the city, online

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bahrain EDB sets up southern Chinaoffi ce in SZ

The inauguration ceremony of the Bahrain Economic Development Board (EDB) southern China Offi ce (Shenzhen) was held at Shenzhen Four Seasons Hotel on Thursday

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - Warriors beat Cavs to close in on title

The defending champion Golden State Warriors overcame a hot start by the Cleveland Cavaliers to earn a 110-102 victory Wednesday and take a 3-0 stranglehold on the best-of-seven NBA Finals

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Howard Schultz: the man who built a coffee empire

Everyone knows Starbucks, the ubiquitous retail chain that transformed the way Americans drink coffee. But few know Howard Schultz, the self-effacing mastermind behind the brand’s astonishing growth

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Disney casts Mulan’s love interest

Yoson An, the rising star of Chinese descent who hails from New Zealand, will star opposite Liu Yifei, who is playing the titular heroine Hua Mulan, who disguises herself as a man in order to spare her elderly father from having to join the military

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£ MAKING WAY FOR GAOKAO TAKERS

THE Guangdong-Hong Kong-Macao Greater Bay Area is poised to become the largest economy among global bay areas by 2020, according to a report recently released by real estate consulting fi rm CBRE.

Covering the majority of China’s Cantonese-speak-ing regions, the Greater Bay Area will include Hong Kong and Macao, and nine cities in Guangdong Province, including the fi rst-tier cities Guangzhou and Shenzhen.

Shenzhen, Guangzhou and Hong Kong will be the three growth poles of the area, as they possess advantages in scientifi c innovation, trade and logistics, and fi nance and services, respec-tively, the report said.

It is estimated that Hong Kong will become more attrac-

tive to fi rms and capital from the Chinese mainland.

The combined regional GDP of the Greater Bay Area stood at 11.7 trillion yuan (US$1.83 trillion) last year, compared with 9.35 trillion yuan in 2016, according to the report.

By 2030, the area is expected to have the highest GDP among all bay areas worldwide, and to become an advanced manu-facturing center, as well as an important global hub of inno-vation, fi nance, shipping and trade.

However, there is still a gap between the Greater Bay Area and other international bay areas in real estate development, said Li Ling, a managing director of investment and the capital market sector at CBRE China.

Last year, the space taken up

by high-quality offi ce buildings in the Greater Bay Area was 32 million square meters, 40 and 55 percent lower than the New York Bay Area and the Tokyo Bay Area, respectively.

High-end businesses will con-tinue to gather in core cities, which will boost offi ce building invest-ment in Guangzhou, Shenzhen and Hong Kong, CBRE’s report said. Pazhou and International Finance Town of Guangzhou and Qianhai of Shenzhen are attract-ing tenants and investors.

The Greater Bay Area is seeing further integration of the cities within its boundary.

As the Hong Kong-Zhuhai-Macao Bridge and Guangzhou-Shenzhen-Hong Kong Express Rail Link are expected to be put into service this year, more “one-hour working-living cycles” for

commuters, such as Guangzhou-Foshan and Shenzhen-Dong-guan, will be formed in the Greater Bay Area.

The idea of creating the Greater Bay Area was raised in 2009 in a research report on the coordinated development of the city cluster in the Greater Pearl River Delta region, which was jointly released by the local gov-ernments of the three regions.

A framework agreement on the development of the Greater Bay Area was signed July 1 last year, the 20th anniversary of Hong Kong’s return to the motherland. Under the agree-ment, Guangdong, Hong Kong and Macao will improve col-laboration mechanisms and facilitate win-win cooperation to build a world-class bay area and city cluster. (SD-Agencies)

GREATER BAY AREA TO BE LARGEST GREATER BAY AREA TO BE LARGEST BAY ECONOMY BY 2020: REPORTBAY ECONOMY BY 2020: REPORT

A girl walks toward the examination venue in Futian Middle School in Futian District while a police offi cer directs a vehicle to leave Thursday, the fi rst day of the National College Entrance Examinations, or gaokao. Around 47,600 students in Shenzhen are gaokao takers this year. Traffi c police initiated the highest response level to ensure students arrive at the examination venues on time. (Story on P3 and more photos on P9) Sun Yuchen

An expat a cappella band from SZMeet Shenzhen’s most experienced expat a cappellaband in our Futian Today supplement