Five years on, China s Greater Bay Area to see greater, more integrated development hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) celebrated its 5th anniversary on Sunday. With an estimated economic output of more than 13.6 trillion yuan ($1.91 trillion) in 2023, the region is entering its best development phase now.
With nearly 6,000 attendees and over 100 overseas and mainland delegations to the 8th Belt and Road summit in Hong Kong, Hong Kong is back on the world stage, eyeing closer partnerships with regions including the Middle East and Southeast Asia as the year also marks the 10th anniversary of the Belt and Road Initiative (BRI). Such unprecedented gatherings and sharing of opportunities also defy the US-led containment and suppression against China’s special administrative region (SAR), in addition to its smears on the BRI, observers said.
After four years of fast development, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is set to further become a hotspot for foreign investments and usher in a golden period of development, as COVID-related restrictions have been lifted and travel between the Chinese mainland and the Hong Kong and Macao special administrative regions (SARs) have fully resumed.
During the past 25 years, Hong Kong’s status as a global trade and shipping center has been through both ups and downs, but the city has repeatedly reemerged with the strong support from the Chinese mainland.