Yukon Huang

Yukon Huang is a Chinese-American economist and senior fellow in the Asia Program at the Carnegie Endowment for International Peace. He was formerly the World Bank’s country director for China and earlier director for Russia and the former Soviet Union republics, and his research focuses on China’s economy and its regional and global impact.

China Is Betting on Megaregions to Escape the Middle-Income Trap

Bloomberg’s documentary argues that Hong Kong’s Northern Metropolis is not just a local development plan but a test case for China’s attempt to turn megaregions into a new growth engine. The project would convert rural land near Shenzhen into a technology hub linking Hong Kong more tightly to the mainland’s Greater Bay Area, an 11-city, $2tn economy. The source presents the strategy as a bid to escape slower growth through concentration of people, capital and ideas, while showing the displacement, political constraints and institutional frictions that come with it.

Bloomberg OriginalsJun 1, 20268 min read