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Guangdong-Hong Kong-Macao Greater Bay Area remarkably competitive

ITN News Editor
By ITN News Editor February 19, 2019 13:29

Guangdong-Hong Kong-Macao Greater Bay Area remarkably competitive

The Guangdong-Hong Kong-Macao Greater Bay Area is remarkably competitive and Hong Kong will see new opportunities of development, according to opinions in Hong Kong on Monday.

The Central Committee of the Communist Party of China and the State Council unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to develop the region into “a role model of high-quality development” earlier the same day.

Economists in Hong Kong believe the Greater Bay Area enjoys great competitiveness thanks to its geological location and innovation strength, among others.

Zhu Haibin, chief economist with J.P. Morgan, China, said, “The Guangdong-Hong Kong-Macao Greater Bay Area may see the fastest economic growth among the several major bay areas. In the past years, its economy grew more than one time faster than other such areas.

In terms of some major indicators, such as population, port freight, and airport capacity, the Guangdong-Hong Kong-Macao Greater Bay Area is the world’s largest.

ITN News Editor
By ITN News Editor February 19, 2019 13:29