Core Insights - The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has achieved significant development milestones over the past six years, with an expected economic total exceeding $2 trillion by 2024, representing 1/9 of China's total economic output despite only accounting for 0.6% of the country's land area and 6% of its population [1][2] - The GBA has seen a continuous improvement in its innovation capabilities, with Guangdong ranking first in national innovation capacity for eight consecutive years and the "Shenzhen-Hong Kong-Guangzhou" tech cluster recently becoming the world's top innovation hub [1] - The GBA's industrial system is becoming increasingly robust, featuring nine trillion-yuan industrial clusters and a thriving ecosystem for emerging industries such as artificial intelligence and biomanufacturing [1][2] - Guangdong has optimized its business environment, ranking first in the national business environment reputation for four consecutive years, with over 20 million registered business entities, accounting for 10% of the national total [1][2] Economic and Trade Developments - The GBA's development is closely linked to its integration into international supply chains, evolving from processing trade to international collaboration in research and innovation [2] - Guangdong has over 210,000 registered foreign-invested enterprises, making it the leading province in China for foreign investment, with significant inflows into sectors like electronic information and green petrochemicals [2] - The province's total import and export volume is projected to exceed 9 trillion yuan in 2024, maintaining its position as China's top trading province for 39 consecutive years [2] Future Outlook - The GBA aims to enhance its open cooperation strategy to address external economic uncertainties, focusing on high-quality development and optimizing the business environment for global investors [3] - The region will continue to deepen its integration into international supply chains and expand its global cooperation network, leveraging both domestic and international markets [3] - The GBA is positioned as a key driver of China's high-quality development and a promising growth area on the global stage, inviting further international engagement and investment [4]
三大维度看大湾区发展：创新领先 产业强劲 营商优越