Hong Kong, Macao and Guangdong should focus on art, tourism, fashion
To ensure a prosperous future, Macao, Hong Kong and the cities of Guangdong province must coordinate their efforts in building a topnotch bay area, a former viceminister of commerce told China Daily.
The Greater Bay Area, compared to other free-trade zones, has been opening to the world for a long time, said Wei Jianguo, vice-president of the China Center for International Economic Exchanges.
He suggested that to turn it into a top-grade bay area, the cluster should aim to deepen the opening-up strategy, attract more foreign investment and become a rule-maker in world trade.
He said the cities in the bay area cluster, such as Hong Kong, Shenzhen, Dongguan, Huizhou and Foshan, have the potential to be the world’s innovation hub as the city clusters have the country’s largest population, talent pool and technology research centers.
The former vice-minister of commerce cited successful examples in the United States, Israel and Japan to show that bay areas always play crucial roles in regional economies. He also noted that the Greater Bay Area can also have profound potential in the region’s development, and in deepening China’s opening-up strategy.
“The GDP of the Guang-