Core Insights - The opening of Guangzhou Baiyun International Airport's T3 terminal marks a significant upgrade in the Greater Bay Area's airport infrastructure, enhancing its global connectivity and operational capacity [2][3] Infrastructure Development - The T3 terminal is part of the third phase expansion of Baiyun Airport, which will feature 5 runways, 3 terminals, and dual control towers, increasing annual passenger capacity to 120 million and cargo capacity to 3.8 million tons, representing growth of 50% and 52% respectively [2][3] - The terminal incorporates advanced technologies such as digital twin, AI, and 5G+Beidou, achieving a green building standard with over 15% energy savings and 70% green material usage [3] Economic Impact - The T3 terminal is expected to catalyze economic activity by integrating multiple transport modes, including 6 high-speed rail lines and 3 intercity rail lines, facilitating seamless transfers and reducing travel time within the Greater Bay Area [3] - The airport's logistics hub is projected to create hundreds of thousands of jobs by 2030, positioning the area as a core engine for economic growth [3] Regional Performance - Guangdong's airport cluster is projected to handle 167 million passengers and 4.349 million tons of cargo in 2024, leading the nation with 11% and 21% market shares respectively, and showing year-on-year growth of 18.2% and 17.2% [4][5] - The collaborative efforts of airports in the Pearl River Delta region have resulted in a robust network, enhancing global reach with over 500 routes and facilitating efficient logistics and economic integration [5] Future Outlook - The Greater Bay Area's economy is expected to reach 14.79 trillion yuan in 2024, maintaining its position among the world's top four bay areas, supported by the airport cluster's capacity and connectivity [5]