Hong Kong, Ma­cao and Guang­dong should fo­cus on art, tourism, fash­ion

China Daily (Hong Kong) - - BUSINESS - By REN XIAOJIN and WANG YU

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-

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