Macau, Hong Kong and Guangdong promote market in Australia

The Guangdong-Hong Kong-Macau Greater Bay Area

The Guangdong-Hong Kong-Macau Greater Bay Area

  |  DR

The head of the Hong Kong Government said today that the territory, Macau and Guangdong Province will promote in Australia, in 2020, the Greater Bay Area market, a world metropolis that integrates the three regions.

"My Government has been working with Guangdong and Macau to market the Greater Bay Area abroad, including promotions in Tokyo this April and Paris last year. We will do the same in Australia next year", Carrie Lam said in a speech at an economic conference.

Beijing's Greater Bay Area project aims to create a world metropolis that integrates Hong Kong, Macau and nine cities of Guangdong Province in a region of about 70 million people with a gross domestic product (GDP) of around 1.2 trillion, similar to the GDP of Australia, Indonesia and Mexico, countries that make up the G20.

The ruler highlighted "the central government's support" in the "economic integration with mainland China", in statements made during an event hosted by Asia House, a center specializing in trade, investment and public policy that seeks to boost political, economic and social relations between Asia and Europe.

In both the Greater Bay Area project and the "One Belt, One Road" initiative, Hong Kong "sees long-term opportunities," she added.

Carrie Lam underlined the "hugely promising market" of the Greater Bay Area that will be built "on cooperation rather than competition", with each of the 11 cities leading the way in their respective fields of expertise.

" [In the case of Hong Kong] We will boost the region's financial services and commercial development, as well as transportation, innovation and technology. The development of the Greater Bay Area is premised on one country, two systems, three customs territories and three currencies. This is unprecedented worldwide and requires boldness and innovation in trying a new path", defended the chief executive.

"In just over two years, my government has invested around US$ 13 billion [12 billion euros] in information technology programs and initiatives (...). One will target artificial intelligence and robotics; the other will focus on health technology. And, in partnership with Shenzhen, we are developing a large innovation and technology park in Hong Kong, near the Shenzhen border", she said.