New Highlights of Regional Development | "Mutual Pursuit" Warm Consumption and High Quality Life Circle - Observation of Coordinated Development in the Guangdong Hong Kong Macao Greater Bay Area | Greater Bay Area | Life Circle

Release time:Apr 14, 2024 23:24 PM

Guangzhou, August 16th, Xinhua News Agency (Xinhua) - Topic: "Mutual Journey" Warm Consumption and Draw a High Quality Life Circle - Observation of Coordinated Development in the Guangdong Hong Kong Macao Greater Bay Area

Xinhua News Agency reporters Sun Fei, Lu Yun, and Liu Gang

The Guangdong Hong Kong Macao Greater Bay Area is one of the regions with the highest degree of openness and the strongest economic vitality in China. Since the beginning of this year, facing complex and severe external challenges, the Guangdong Hong Kong Macao Greater Bay Area has continued its economic recovery momentum, with more convenient transportation, sustained hot cross city consumption, and new progress in the construction of the Cultural Bay Area. Its comprehensive strength has steadily increased, and it is steadily advancing towards the established goal of building an international first-class bay area and a world-class urban agglomeration.

Convenient transportation and hot exchange

"There is a direct bus stop between Shenzhen and Hong Kong near my home, which takes less than an hour for a one-way trip to Disney." Mr. Chen, a Shenzhen resident, said that in early August, he came to Hong Kong Disneyland with his daughter and "had a great time traveling back and forth on the same day.".

At present, the connectivity of the Guangdong Hong Kong Macao Greater Bay Area continues to advance, and a high-quality living circle that is livable, suitable for business, and suitable for tourism is forming, with strong synergy in collaborative development.

The mechanisms of "Hong Kong cars heading north" and "Macao cars heading north" are helping to increase the "exchanges" between Hong Kong, Macao and mainland residents.

Starting from 0:00 on July 1st, "Hong Kong Motor Vehicles Going North" was officially implemented. Hong Kong motor vehicle owners who meet the conditions can enjoy the convenience of travel in the Guangdong Hong Kong Macao Greater Bay Area after making an appointment for customs clearance in Hong Kong.

"The 'Hong Kong Car northbound' has made it convenient for families to travel. On weekends, you can take your family to Zhuhai to experience a different urban scenery. Mr. Zhong, a Hong Kong car owner, said that the 'Hong Kong Car northbound' can stay for up to 30 consecutive days each time it enters the mainland, which also provides favorable conditions for your consumption and investment in cities within the Greater Bay Area.".

Since its implementation on January 1st, the "Macau Car Northbound" launched earlier this year, as of August 6th, the border inspection station of the Hong Kong Zhuhai Macao Bridge has inspected more than 550000 vehicles with single license plates from Hong Kong and Macau, of which more than 123000 vehicles were inspected in July. Statistics also show that the number of registered vehicles heading north in Macau accounts for a quarter of private cars in Macau.


New Highlights of Regional Development | "Mutual Pursuit" Warm Consumption and High Quality Life Circle - Observation of Coordinated Development in the Guangdong Hong Kong Macao Greater Bay Area | Greater Bay Area | Life Circle

"One code ride" helps build a "1-hour high-quality living circle". Recently, Shenzhen Tong Co., Ltd. has upgraded its cooperation with relevant payment enterprises and launched the Shenzhen Tong "Bay Area Linkage, Shenzhen Hong Kong Interconnection, One Code Connection to Shenzhen Hong Kong" business. Since June this year, using applications such as Shenzhentong and Alipay, you can scan the bus and subway in Shenzhen and Hong Kong, and the bus fare is settled at the real-time exchange rate.

Guo Wanda, Executive Vice President of China Academy of Comprehensive Development and Research, said that as the transportation infrastructure in the Greater Bay Area becomes more convenient, internal exchanges between regions become more frequent, and the strength of spatial connections continues to increase, the formation of a "one hour living circle" is accelerating.

High popularity of "cross city consumption"

The latest released data shows that Guangdong's GDP exceeded 6 trillion yuan for the first time in the first half of this year, continuing to play a leading role as an economic province. The report released by the Hong Kong Special Administrative Region Government also shows that the Hong Kong economy continued to recover in the second quarter of 2023, driven by the tourism industry and private consumption.

In the eyes of many industry insiders, "cross city consumption" has brought new momentum to the economy of Guangdong, Hong Kong, and Macao.

In the first half of the year, Guangdong's service industry achieved rapid growth, with continuous improvement in the operation of contact aggregation service industries such as wholesale and retail, accommodation and catering. Among them, the added value of accommodation and catering industries increased by 10.3% year-on-year. According to data from the Hong Kong Tourism Development Board, the number of tourists visiting Hong Kong in July this year was about 3.6 million, an increase of 31% compared to the previous month. According to data from the Tourism Bureau of the Macao Special Administrative Region Government, the cumulative number of inbound tourists from January to June this year exceeded 11.645 million, with a daily average of over 64000, recovering to 59.6% of the daily average for the entire year of 2019.

A series of new measures to promote consumption have played a significant role. The 2023 Nanshan District Sports Consumption Season, launched in April this year, has distributed over 15 million yuan in consumption vouchers so far. Ye Chun, Deputy District Mayor of Nanshan District, Shenzhen, said that the first phase of running and swimming special activities will be launched, with rewards and consumption vouchers based on different test scores; Some activities are open to Hong Kong citizens, making it convenient for Hong Kong compatriots to live and exercise in Nanshan.

"On weekends, I often make plans with friends to go to Shenzhen for meals, shopping malls, milk tea, and even order crayfish takeout to bring home at the port," said Miss Huang, a Hong Kong resident living in the New Territories. According to data released by the Shenzhen Municipal Bureau of Statistics, the total retail sales of consumer goods in Shenzhen reached 50.02 billion yuan in the first half of the year, a year-on-year increase of 11.5%.

At the end of July, the 4-day 2023 Guangdong Macao Famous Products Exhibition was held in Macau. The total number of exhibitors increased by 20% year-on-year, with products covering electric vehicles, smart home appliances, clothing and cultural creative products, science and technology innovation products, daily necessities, jewelry, etc. Approximately 100000 attendees attended the exhibition, organized 338 commercial matchups, and facilitated 54 signed projects. During the exhibition, over 60 exciting programs were broadcasted live, covering over 150 exhibitors and attracting over 1.3 million viewers.

Hong Kong Special Administrative Region Government Economic Advisor Leung Wing sheng stated that looking ahead, the tourism industry and private consumption in Hong Kong will continue to be the main drivers of economic growth for the remainder of this year. The number of visitors to Hong Kong should further increase as transportation and reception capacity continue to recover.


New Highlights of Regional Development | "Mutual Pursuit" Warm Consumption and High Quality Life Circle - Observation of Coordinated Development in the Guangdong Hong Kong Macao Greater Bay Area | Greater Bay Area | Life Circle

"Acceleration Run" in the Cultural Bay Area

At the 19th China International Cultural Industry Expo and Trade Fair held in early June, Guangdong, Hong Kong, and Macao joined hands to form the "Guangdong Hong Kong Macao Greater Bay Area Pavilion", showcasing the cultural and creative industry style and business opportunities of the Greater Bay Area, and showcasing the new progress made in the construction of the Cultural Bay Area.

On June 8th, the audience watched the exhibition in the Guangdong Hong Kong Macao Greater Bay Area Pavilion of the Cultural and Industrial Fair. Photo by Xinhua News Agency reporter Liang Xu

Visiting the Hong Kong Palace Museum, listening to a concert on the Victoria Harbour waterfront... Traveling to Hong Kong is no longer just about buying, but cultural depth tours are becoming a popular choice for mainland tourists.

The Outline of the Development Plan for the Guangdong Hong Kong Macao Greater Bay Area clearly proposes to jointly build a humanistic bay area. In the view of Jiang Shuzhuo, the director of the China Literature and Art Review Base, "The Cultural Bay Area aims to create a high-quality living circle with thriving cultural creativity, a sound cultural industry system, high international cultural exchange level, and sufficient cultural consumption motivation."

The Guangdong Hong Kong Macao Greater Bay Area has a common cultural heritage, close social connections, similar folk customs, and complementary advantages. The three regions continue to engage in exchanges and cooperation in various fields such as culture, art, and education, and have shown an accelerating trend in recent years. Under a series of practical measures, the cultural soft power of the Greater Bay Area has gradually increased, and the connotation of humanistic spirit continues to be enriched.

Xie Baojian, a professor at the School of Economics of Jinan University and deputy director of the Hong Kong Macao Economic Research Institute of the Special Economic Zone, said that from hard infrastructure connectivity, rule docking mechanisms to soft connectivity, to people-centered and humanistic connectivity, a more convenient business environment and a better quality of life circle are attracting "visitors from all directions" to study, work, live, innovate and start businesses in the Guangdong Hong Kong Macao Greater Bay Area, effectively promoting the high-quality development of the Greater Bay Area.

Poster production: Wei Guanyu

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