Greater Bay Area: Ready for takeoff

2021-11-30 Editor : Xue Lingqiao ECNS App Download

Within just 40 years since the reform and opening-up, China has developed into the second-largest economy in the world and become a major stabilizer and powerhouse for the global economy. Especially with the proposal of Guangdong-Hong Kong-Macao Greater Bay Area Plan, the Greater Bay Area has been taxing for a new takeoff and gradually become an important driving force for China's economic development.

From the perspective of economic development, the Greater Bay Area is a huge market, with only about 5 percent of China's total population contributing up to 13 percent to 14 percent of China's total GDP.

In terms of industries, the area is prosperous in technology, finance, manufacturing, and other sectors.

At the same time, we also notice that some industries - such as retail, hotel, residential, are in need of brand recognition and internationalization. For Hong Kong and international enterprises, it is a great opportunity to bring diversified global resources, industries, and brands as well as their excellent experience into the Greater Bay Area, which can not only better serve the region but also enhance their presence.

On long-term development, in order to attract global talents, international-level finance, supporting facilities, medical care and education are needed to provide stronger and more comprehensive support for the Greater Bay Area. New World Group is taking advantage of its diversified industries to conduct deeper investment cooperation and construction in international education, financial service, international medical care, and other sectors in the Greater Bay Area.

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