Guangdong province of China will open 11 new universities this year, with more to come in the next few years, according to SCMP. In Shenzhen city, the local government seeks to invest 150 billion Yuan or US$ 23.21 billion to build 20 new universities and colleges by 2025.
- An investment higher education in Guangdong aims to rival Silicon Valley in the U.S by producing top-tier talent that will make China self-sufficient in technology by 2035
- China’s rush for home-grown talent has been prompted by current trade tensions with the U.S as it seeks to boost its tech industries and become self-reliant.
- Government-backed subsidies and funding have been splashed out to support higher education, with three universities in the Greater Bay Area receiving a combined annual budget of about 29 billion Yuan in 2020.
- Several Hong Kong universities are also flocking to set up operations in the GBA.
- Guangdong’s province, nonetheless, lags behind Beijing in areas of science and technology with none of its universities among the top 300 in the 2020 QS World University Rankings.
Shenzhen city, Guangdong, is home to many of China’s Fortune 500 companies, such as Huawei, ZTE, DJI and Mindray and has a rich ecosystem of start-ups, business incubators and accelerators in tech, biotech, health-tech, and innovation.