What is the Greater Bay Area (GBA)?

 

A region of great economic dynamism

The Guangdong-Hong Kong-Macao Greater Bay Area is a metropolitan region of 9 cities in Guangdong Province (Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing), and the Hong Kong and Macao Special Administrative Regions, in the Pearl River Great Delta Region.

  • Population: 72.7 million people (between France and Germany)
  • Gross Domestic Product (GDP): 11,600.2 billion Renminbi, which corresponds to a G20 economy, larger than South Korea, similar to Canada.
  • Three seaports among the world's top 10: Shenzhen # 4, Guangzhou # 5, Hong Kong # 7.
  • Three international airports among the world's busiest: Guangzhou # 11, Hong Kong # 13, Shenzhen # 26
  • Area: 56,000 km2, the equivalent of a small European country (similar to Croatia), which allows for high degrees of connectivity and internal mobility.

Source: Statistics and Census Service, Lloyd's List, Wikipedia (Accessed on 7 July 2021)

GDP (USD billion)

1
United States
20,953.03
2
China
14,722.73
3
Japan
5,057.76
4
Germany
3,846.41
5
United Kingdom
2,759.80
6
India
2,660.25
7
France
2,630.32
8
Italy
2,049
9
Greater Bay Area
1,668.86
10
Canada
1,645.42
11
Korea, Rep.
1,637.90
12
Russian Federation
1,483.50
13
Brazil
1,444.73
14
Australia
1,327.84
15
Spain
1,281.48
Note. The data for the Greater Bay Area is from the Statistics of the Guangdong-Hong Kong-Macao Greater Bay Area, by the Hong Kong Trade Development Council, 2021 (https://research.hktdc.com/en/article/MzYzMDE5NzQ5). The data for the listed countries is from the World Development Indicators, by The World Bank, 2022 (https://databank.worldbank.org/source/world-development-indicators#).

Diversity and complementarity

Besides the importance of the numbers above, the region brings together cities with different profiles and wide diversity and complementarity.
Regarding maritime and air transport, the region has a highly central position, both in connections and volume of traffic.

 

A pole of innovation, high technology and advanced services

The region leads China in terms of the level of economic development, including the traditional manufacturing industry, high technology companies and very advanced service sectors in Hong Kong and Macao.

Research and development capacity is highly developed in higher education institutions, laboratories, research institutes and large-scale national scientific projects, in an environment conducive to innovation and transfer of scientific knowledge to the economic fabric.

 

High degree of internationalisation

The Greater Bay Area is a region with a high degree of internationalisation, with Hong Kong as a financial and business centre, and a hub for global transport, and Macao as a global centre for tourism and leisure, and a platform for Portuguese-speaking countries. Among China's economic region, it has the highest degree of global connections, is an open window for the world, and has a common cultural heritage and a history of global links.

 

The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area

On 18 February 2019, the Central Government of the People’s Republic of China published “The Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area”, guiding the current and long-term future cooperation and development of the Greater Bay Area until 2035.
See the document.

© Macao Polytechnic University. All Rights Reserved.  Privacy Policy
Designed by HTML Codex