Bay area a key pil­lar for Belt and Road’s goals

China Daily - - BUSINESS - By YUAN SHENGGAO

The Guang­dong-Hong Kong-Ma­cao Greater Bay Area will play a key role in sup­port­ing the fast de­vel­op­ment of the 21st Cen­tury Mar­itime Silk Road, help­ing the ini­tia­tive to reach its goals in trade, in­vest­ment and re­gional con­nec­tiv­ity, se­nior of­fi­cials said.

Qiu Zhaox­ian, vice-president of the China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade’s Guang­dong branch, said the 2017 Guang­dong 21st Cen­tury Mar­itime Silk Road In­ter­na­tional Expo will cre­ate more op­por­tu­ni­ties for pro­mot­ing trade, in­fra­struc­ture and peo­ple-to-peo­ple ex­changes be­tween Chi­nese com­pa­nies and those in Africa, South­east Asia and the South Pa­cific Is­lands.

Busi­ness del­e­ga­tions from 75 coun­tries and re­gions will at­tend this year’s expo and fo­rums. Coun­tries such as Rus­sia, Iran, Mon­go­lia and Ro­ma­nia are set­ting up ex­hi­bi­tions for the first time at this year’s four-day event.

“Through the con­struc­tion of the Guang­dong-Hong Kong-Ma­cao Greater Bay Area, Hong Kong can be used as an in­ter­na­tional fi­nan­cial cen­ter and Ma­cao as an in­ter­na­tional tourism and leisure cen­ter for Guang­dong prov­ince’s more rapid de­vel­op­ment,” said Wu Jun, deputy di­rec­tor of the Guang­dong Pro­vin­cial De­part­ment of Com­merce.

Se­nior gov­ern­ment of­fi­cials from 13 coun­tries re­lated to the Belt and Road Ini­tia­tive have con­firmed that they will at­tend the expo. More than 20 in­ter­na­tional cham­bers of com­merce and busi­ness al­liances have signed mem­o­ran­dums of un­der­stand­ing with their Chi­nese coun­ter­parts to train more Chi­nese-speak­ing staff, aim­ing to fa­cil­i­tate cul­tural ex­change, as well as busi­ness and tourism ac­tiv­i­ties.

“The con­text is the full im­ple­men­ta­tion of in­no­va­tion-driven de­vel­op­ment strate­gies in China,” said Lin Jiang, deputy di­rec­tor of the Cen­ter for Stud­ies of Hong Kong, Ma­cao and Pearl River Delta at Sun Yat-sen Uni­ver­sity. “Against this back­drop, the for­mu­la­tion of a de­vel­op­ment plan for the bay area has far-reach­ing sig­nif­i­cance, in terms of in­te­grat­ing ex­ist­ing re­gional eco­nomic and in­dus­trial re­sources in China to cope with new chal­lenges re­lated to global in­dus­trial trans­for­ma­tion and up­grad­ing.”

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