Greater Bay Area

The total economic output of the Guangdong Hong Kong Macao Greater Bay Area is expected to exceed 15 trillion yuan by 2025

2026-01-27   

Meng Fanli, the Governor of Guangdong Province, stated in his government work report at the Fifth Session of the 14th Guangdong Provincial People's Congress, which opened on the 26th, that during the 14th Five Year Plan period, the construction of the Guangdong Hong Kong Macao Greater Bay Area will be pushed forward in depth, and it is expected that the total economic output will exceed 15 trillion yuan by 2025. In recent years, the "hard connectivity" of infrastructure in Guangdong, Hong Kong, and Macao has accelerated. The report on the implementation of Guangdong Province's 2025 National Economic and Social Development Plan and the 2026 Draft Plan (hereinafter referred to as the "Report") released at the conference shows that the autonomous operation of intercity railways in the Greater Bay Area has achieved a transformation from "linear layout" to "networked operation", and the mileage of rail transit has exceeded 4000 kilometers; There are 17 cross-border water passenger transportation routes in operation. The report shows that by 2025, cross-border low altitude transportation services in the Greater Bay Area will accelerate, opening multiple helicopter intercity routes and cross-border routes between Hong Kong and Macau. Shenzhen has opened helicopter flights with Hong Kong and Macau, and the entire journey from Shenzhen Airport to Hong Kong only takes 15 minutes; The Guangzhou Shenzhen Hong Kong high-speed railway transported over 35 million cross-border passengers, a year-on-year increase of 17.8%. The daily traffic volume of the Hong Kong Zhuhai Macao Bridge is about 14000 vehicles, a year-on-year increase of 19.8%. The "soft connectivity" of the rules and mechanisms in the Guangdong Hong Kong Macao Greater Bay Area is accelerating its implementation. At present, 198 high-frequency government service items in Guangdong, Hong Kong, and Macao have been cross-border processed, and a total of 267 "Bay Area Standards" and 308 "Bay Area Certification" certificates have been issued. The pilot program of "Cross border Wealth Management Connect" has attracted 175000 individual investors, with a cross-border remittance of 129.2 billion yuan. The "heart to heart connection" among residents in Guangdong, Hong Kong, and Macao continues to heat up. The report shows that 84 Hong Kong and Macao youth innovation and entrepreneurship bases have been built, attracting over 7000 Hong Kong and Macao projects to settle in. The "Hong Kong Macau Medical Device Connect" has been approved to introduce and use 63 types of drugs and 85 types of medical devices from Hong Kong and Macau. The scope of use of the Hong Kong "Elderly Health Voucher" has been expanded to 21 service points in the Greater Bay Area, achieving full coverage in all nine cities in the Greater Bay Area. Over 1.78 million eligible elderly people in Hong Kong can benefit from it. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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