China Equity Strategy_Follow GBA #4_ Transformation under way

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 ab 17 February 2025 Global Research China Equity Strategy Follow GBA #4: Transformation under way The GBA's nominal GDP has reached US$2trn in 2024 We estimate the Guangdong-Hong Kong-Macau Greater Bay Area (GBA)'s nominal GDP reached US$2trn in 2024, a 5.2% CAGR from 2020. We forecast the GBA's nominal GDP will reach US$2.1trn by 2027E, with growth decelerating in line with the overall China economy. More importantly, we observe the GBA is switching gears from services back to ...