Significance of Guangdong-Hong Kong-Macao Greater Bay Area Construction

The Guangdong-Hong Kong-Macao Greater Bay Area was formally put forward in March 2016.

“The 13th Five-Year Plan for the National Economic and Social Development of the People’s Republic of China”, which clearly supports the important role played by Hong Kong and Macau in regional cooperation in the Pearl River Delta region and promotes Guangdong Construction of a major cooperation platform between Macau and Hong Kong Greater Bay Area and inter-provincial regions.

On July 1, 2017, under the witness of General Secretary Xi Jinping, the Chief Executive of the Hong Kong Special Administrative Region, Lin Zhengyue, the Chief Executive of the Macau Special Administrative Region, Cui Shi’an, the head of the National Development and Reform Commission.

He Lifeng and the Governor of Guangdong Province Ma Xingrui signed the “Deepening “Guangdong, Hong Kong and Macao Cooperation to Promote the Construction of the Greater Bay Area Framework Agreement”, on October 18 of the same year, General Secretary Xi Jinping put forward at the 19th National Congress of the Communist Party of China, clearly:

support the integration of Hong Kong and Macao into the overall national development Focusing on the construction of districts, Guangdong-Hong Kong-Macao and Pan-Pearl River Delta regional cooperation, we will comprehensively promote mutually beneficial cooperation between the Mainland and Hong Kong and Macau, and formulate and improve policies and measures to facilitate the development of Hong Kong and Macau residents in the Mainland.

On December 18 of the same year, General Secretary Xi Jinping proposed at the Central Economic Work Conference that the construction of the Guangdong-Hong Kong-Macao Greater Bay Area should be scientifically planned and the coordination mechanism should be accelerated.

The Guangdong-Hong Kong-Macao Greater Bay Area consists of two special administrative regions of Hong Kong and Macau and nine Pearl River Delta cities in Guangzhou, Zhuhai, Shenzhen, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing.

The population has reached 70 million since the end of 2018. One of the regions with the highest degree of economic openness and strong economic vitality has important strategic significance in the overall national development situation.

Promote interconnection and interconnection between infrastructures:

Strengthening the transportation links between the Mainland and Guangdong, Hong Kong, and Macau. Hong Kong as an international shipping center has driven the Greater Bay Area to build world-class ports and airports with other cities and optimized the network layout of expressways, railways, and urban rail transit.

It has also promoted the various types of transportation in and out of the city, speeded up the construction of key infrastructures such as the Hong Kong-Zhuhai-Macao Bridge, the Guangzhou-Shenzhen-Hong Kong High-speed Rail, the Guangdong-Macao New Corridor, and the Guangzhou-Foshan River-Zhuhai Rail Transit.

In addition, Guangzhou, Shenzhen, Hong Kong, Macau and other Pearl River Delta transport between the portable. A stable and secure energy water supply system has also been established, which has further improved the level of communication network infrastructure construction and excessive network capacity.

Promoted the level of market integration and cooperation:

The trade exchanges between the Mainland and Hong Kong, Macau and other places have promoted the portable mobility of the region and surrounding cities, improved the convenience of customs clearance, promoted the exchange of people and goods, and deepened the economic and trade business in Hong Kong, Macau and other places surroundings.

Expanded mutual investment between the mainland and Hong Kong and Macao enterprises, promoted trade cooperation between Hong Kong and Macao enterprises in Guangdong and other places, invested in the business, provided more employment opportunities for the people of Hong Kong and Macao, and also provided residents of Hong Kong and Macau. More convenient conditions for transportation, employment, and tourism.

Become an international science and technology innovation center:

The “One Belt, One Road” policy implemented using domestic-related resources and domestic policies has improved the cooperation mechanism for innovation cooperation and development, strengthened the development trend of cross-regional cooperation, innovation, and construction of an international and open trade and cooperation environment for innovation.

It has continuously improved the mutually beneficial trade relations and business cooperation opportunities between Guangdong, Hong Kong, and Macao.

Continuous cooperation in modern industries:

In the trade exchanges between different regions in the Greater Bay Area, the mutually beneficial cooperative relationship between new enterprises and new industries has been further deepened, promoting the cooperative relationship between different enterprises in Guangdong, Hong Kong and Macau, and developing the economic, financial, and transportation relationships between Guangdong, Hong Kong, and Macau.

The link between trade. For China as a whole, strengthening the economic construction environment is of great significance to the implementation of the “Thirteenth Five-Year Plan.”

Comfort level of residents’ living and traveling:

The construction of the Greater Bay Area will improve people’s livelihood, improve the level of social management and public service capabilities, strengthen the supply of high-quality public service resources and living products, build an international education platform, and improve the relationship between the Mainland and Hong Kong-Zhuhai-Macao regions.

This has promoted the development of regional tourism, promoted the development of tourism economic income and the improvement of residents’ living environment, and increased the income level of the tourism economy of Hong Kong-Zhuhai-Macao region.

Advantage level between international business cooperation:

The advantages of some special economic zones such as Hong Kong, Zhuhai, and Macao have been brought into full play, relying on the national “One Belt, One Road” economic strategy. On the public infrastructure, mutually beneficial commercial and trade cooperation, trade exchanges, and cooperation between financial and cultural exchanges have deepened.

This has accelerated the level of ties between Guangdong, Hong Kong, and Macao to jointly develop international business, and promoted the construction of world-class ports and shipping trade in areas other than Hong Kong.

Construction level of important regional cooperation:

Promoted the construction of important cooperation platforms such as Shenzhen Qianhai, Guangzhou Nansha, Zhuhai Hengqin, promoted entrepreneurship and employment opportunities for Hong Kong and Macao youth, and strengthened the cooperative relationship between the construction of science and technology parks, industrial parks and high-tech platforms between these regions. It has promoted the development of Guangdong, Hong Kong, and Macao small and medium-sized enterprises, accelerated the trend of economic and trade exchanges between Guangdong, Hong Kong, and Macao, and promoted links between the economy, finance, and shipping.

Conducive to the implementation of national policies:

The implementation of the “One Country, Two Systems” policy proposed by Comrade Deng Xiaoping in 1980 promoted the construction of the “Belt and Road” economy.

Through the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the construction of the Maritime Silk Road and the 21st Century Silk Road Economic Belt were promoted. , Strengthened trade and economic exchanges between China and various countries and regions, accelerated the development of new industries, new technology, and innovative enterprises, facilitated the introduction of science and technology talents from around the world in China’s Guangdong, Hong Kong and Macao regions, and further promoted.

The exchanges and cooperation between the mainland and Hong Kong and Macao, economic exchanges and the prosperity of the country have laid the foundation.

Important economic strategic position:

Relying on the unique special economic zone advantages of Hong Kong and Macao, it has promoted the further implementation of Guangdong’s reform and opening-up strategy, accelerated construction system innovation, scientific and technological innovation, and talent introduction, and has a significant impact on international transportation and shipping, and international financial and cultural exchange in Hong Kong, Zhuhai, and Macau.

The important impact has further stimulated trade between all walks of life, promoted the implementation of comprehensive reform and innovation experiments, improved the level of open economic development in the Pearl River Delta region, promoted trade cooperation between international and domestic regions, and promoted Portable partnerships for personnel, supplies, funds, and information.

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