Greater Bay Area will open door to huge opportunities
Macao is poised to play a major role and contribute its strengths to the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Irene Lau Kuan-va, president of Macao Trade and Investment Promotion Institute, told Vision China.
The outline development plan for the Greater Bay Area was released by the central government in February. It described the area as a “powerhouse”, with Macao as its “core engine” driving regional development, Lau said in Macao on Dec 11.
This demonstrated the trust the central government had placed in Macao, as well as the great expectations for the special administrative region’s future. Both the Macao government and its people were confident that taking part in the development of the Greater Bay Area would bring opportunities for future development, Lau said.
Being one of the core cities, Macao aimed at developing itself into a worldclass tourism and leisure center, she said. It would also serve as a commercial and trade cooperation service platform between China and Portuguese-speaking countries to promote economic development and enhance international markets.
Lau said the goal was to develop a “base for exchange and cooperation where Chinese culture is the mainstream and diverse cultures coexist”.
She said the development of the Greater Bay Area as an innovation and technology corridor and big data center would also be pursued.
The Macao Trade and Investment Promotion Institute has been tasked by the Macao government to promote external trade, attract investment, nurture the development of the convention and exhibition industry and drive economic cooperation between China and Portuguese-speaking countries.
This year marks the 70th anniversary of the founding of the People’s Republic of China and the 20th anniversary of the establishment of the Macao SAR.
Lau said that over the past two decades, Macao has achieved rapid economic growth.
Macao has maintained its status as a free port and separate customs territory with a transparent, nondiscriminatory and open economy, adding up to a business-friendly environment, Lau said. These achievements have been acknowledged internationally.
The development of the Greater Bay Area is expected to foster the development of the regional economy, promote integration and cooperation, and enhance China’s competitiveness in the global market, she added.