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China unveils development plan for Guangdong-Hong Kong-Macao Greater Bay Area

Updated: Feb 19, 2019 Xinhua Print
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China to develop quality living circle for living, working, traveling in Greater Bay Area

China aims to develop a quality living circle for living, working and traveling in the Guangdong-Hong Kong-Macao Greater Bay Area, says the development plan.

Efforts will be made to develop an education and talents hub, jointly develop a cultured Greater Bay Area, build a Greater Bay Area for leisure, expand the scope for employment and entrepreneurship, shape a healthy Greater Bay Area and foster cooperation in social security and social governance.

The plan stresses upholding the philosophy of people-centered development and proactively expanding cooperation in the fields such as education, culture, tourism and social security in the Greater Bay Area.

China to strengthen Belt and Road cooperation in developing Greater Bay Area

Cooperation will intensify in the framework of the Belt and Road Initiative as China presses ahead with developing the Guangdong-Hong Kong-Macao Greater Bay Area.

That came from the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area China released Monday.

Efforts should be made to create a globally competitive business environment, increase the level of market integration, and jointly expand opening-up, said the plan.

Cooperation among Guangdong, Hong Kong and Macao should be deepened, the plan said, calling for efforts to improve investment and business environment in the nine Pearl River Delta cities and to raise the level of market integration in the Greater Bay Area.

Measures should be taken to ensure alignment with advanced international market norms and regulatory standards, expedite the establishment of new institutional arrangements for an open economy, and create an environment for opening-up on all respects, according to the plan.

It called for joint efforts to develop new strengths in international economic and trade cooperation, which will provide solid support to the Belt and Road Initiative.

In these regards, investment facilitation and trade liberalization should be promoted and the flow of people and goods should be facilitated, the plan said, urging efforts to fully participate in international economic cooperation and jointly expand international markets.

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