The Report on the Work of the Government adopted at the Fifth Session of the 12th National People's Congress stressed, “We will promote closer cooperation between the mainland and Hong Kong and Macao. We will draw up a plan for the development of a city cluster in the Guangdong-Hong Kong-Macao Greater Bay Area, give full play to the distinctive strengths of Hong Kong and Macao, and elevate their positions and roles in China’s economic development and opening up.” The Bay Area Economy boasts an open economic structure, efficient resource distribution ability, a powerful clustering and overflowing role and a developed international communication network. Building Guangdong-Hong Kong-Macao Greater Bay Area will be of great significance in integrating our country’s existing regional economic and industrial resources, meeting new challenges in global industrial transformation and upgrading and maintaining the sustainable growth trend of our economy under the economic new normal, and be helpful to ensure lasting prosperity and stability in Hong Kong and Macao. The Greater Bay Area is also an important platform for the state Belt and Road initiative. Currently, the development of Guangdong-Hong Kong-Macao Greater Bay Area has been included in the key schedule, proposed He Ningka, director of Guangdong Provincial Development and Reform Commission, at the consideration meeting of Guangdong delegation. Guangdong will build the Greater Bay Area into a global innovation and development highland according to the standards for international first-level bay areas and world-class city clusters.
Source: Translated from Invest Guangzhou, Mar. 20, 2017