Guangdong-Macao in-depth cooperation zone reports strong growth in key sectors

A view of the Guangdong-Macao In-depth Cooperation Zone in Hengqin. [Photo provided to chinadaily.com.cn]

The Guangdong-Macao In-depth Cooperation Zone in Hengqin reported nearly 30 percent annualized growth in revenue from sizable businesses in key sectors in the first half of this year, which stood at about 8 billion yuan ($1.1 billion).

The sectors include research and development, high-end manufacturing, traditional Chinese medicine, tourism, and convention and exhibition.

Added value from the modern financial service sector in the zone increased by 2.9 percent year-on-year to 8.78 billion yuan.

The zone, located in Zhuhai, Guangdong province, marked the second anniversary of the establishment of its administrative body on Sunday.

The innovation and entrepreneurial base for Macao youth in the zone has helped incubate 701 projects.

People pass the Hengqin checkpoint. [Photo provided to chinadaily.com.cn]

The number of Macao residents living and working in the zone rose by about 29 percent year-on-year at the end of August and the trips through the Hengqin checkpoint surged by 126 percent.

The zone authorities will work out the industrial development plan and optimize the support for the key sectors, with measures on the support for talent to be issued.

They will push forward the orderly connection with the public services and social security system of Macao.