Abstract

The formation of the urban agglomeration of Guangdong-Hong Kong-Macao Greater Bay Area is the result of the accumulation of reform and opening up in the past 40 years. It is the natural choice for China to move from policy opening to institutional opening, and is also the inevitable path from an export-oriented economy to an open economy. Studying regional economic competitiveness is conducive to people’s understanding of the basic conditions and characteristics of regional economic development, and through the objective assessment of regional economy, to find problems and take countermeasures to promote the sustainable and healthy development of the regional economy. The characteristics and advantages of the Guangdong-Hong Kong-Macao Greater Bay Area, the difficulties and bottlenecks in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, conclusions and recommendations are carried out in a comprehensive analysis of the Guangdong-Hong Kong-Macao Greater Bay Area. Finally, based on the results, the proposed policy recommendations are proposed from three aspects: system, technology, industry and talents. Firstly, targeting the world’s leading Bay Area, coordinating the development of the Guangdong-Hong Kong-Macao Greater Bay Area; secondly, enhancing investment in science and technology to create a “Bay of Innovation” in the Guangdong-Hong Kong-Macao Greater Bay Area; thirdly, coordinating industrial layout and industrial development. Finally, building up the Bay Areas of Talents by training and introducing, accumulating the global high-end talent resources.

Highlights

  • The formation of the urban agglomeration of Guangdong-Hong Kong-Macao Greater Bay Area is the result of the accumulation of reform and opening up in the past 40 years

  • Market globalization has been established, and the degree of economic globalization based on market globalization has deepened

  • In 2001, “Outline of the Tenth Five-Year Plan for National Economic and Social Development of the People’s Republic of China” put forward that “we should focus on developing small towns, actively develop small and mediumsized cities, improve the functions of regional central cities, give full play to the radiation-driven role of large cities, and guide the orderly development of urban-intensive areas”

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Summary

Introduction

Constructing the urban agglomeration of Guangdong-Hong Kong-Macao Greater Bay is an intrinsic need for the economic, social and cultural development of the Guangdong, Hong Kong and Macao regions, and an important exploration for the country to build a new open economic system with the help of Hong Kong and Macao international windows It is an important innovation for enriching and developing the practice of the “one country, two systems” policy. The urban agglomeration of Guangdong-Hong Kong-Macao Greater Bay carries the country’s multiple strategic functions It is a rich, perfect and innovative development of the “one country, two systems” policy, and a “test field” for China to explore participation in global governance and regional governance in the new era. China has provided new programs and demonstrations for global cross-border cooperation and economic and social governance

The Rise of Bay Area Economy
Current Situation of Study about the Guangdong-Hong Kong-Macao Greater Bay
Competitive Advantages
Superior Economic Location Advantage and High Degree of Openness
Bottlenecks
Policy Suggestion
Findings
Coordinating Industrial Distribution and Industrial Development
Full Text
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