Position Enhancement and Development Strategies of Zhuhai's Economy in Guangdong-Hong Kong-Macao Greater Bay Area

Abstract

Zhang, X., 2020. Position enhancement and development strategies of Zhuhai's economy in Guangdong-Hong Kong-Macao Greater bay area. In: Al-Tarawneh, O. and Megahed, A. (eds.), Recent Developments of Port, Marine, and Ocean Engineering. Journal of Coastal Research, Special Issue No. 110, pp. 201–205. Coconut Creek (Florida), ISSN 0749-0208.The economic circle of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has an important impact on China's economic development and surrounding economic cooperation. Zhuhai plays a non-negligible position in the economic construction of the GBA. To build the GBA into a global advanced economic center, it's important to promote Zhuhai's economic position in the GBA. For this, the authors attempt to systematically study the position enhancement and development strategies of Zhuhai in the GBA. First the position of GBA in the global integrated economy was analyzed. Then, it discusses about the economic development trend of Zhuhai, and proposes corresponding economic development countermeasures and industrial structure optimization methods. The study found that compared with other cities in the GBA, Zhuhai has a relatively higher economic growth rate, a better investment environment, and greater potentials for development; the proportions of the secondary and tertiary industries in Zhuhai are almost the same; to maintain long-term economic development, Zhuhai needs to increase the proportion of the primary industry and optimize the industrial structure. The research findings provide a theoretical basis for Zhuhai's economic development and position enhancement in the GBA.