BUSINESS Guangdong plans to promote Greater Bay Area development in 2019

BUSINESS

Guangdong plans to promote Greater Bay Area development in 2019

Global Times

21:04, January 28, 2019

South China's Guangdong Province plans to further promote the Greater Bay Area development, to expand opening-up to a higher level, and to encourage scientific innovations in 2019, according to the provincial government work report.

94a4fe39-c53f-4c43-9a6e-5c6f7c5d4e07.jpeg

A bird's eye view of Hong Kong-Zhuhai-Macao Bridge in Zhuhai, South China's Guangdong Province in January, 2019. (Photos: VCG)

Ma Xingrui, governor of Guangdong, delivered the report at the second session of the 13th Guangdong Provincial People's Congress on Monday, according to stcn.com.

Guangdong plans to speed up the building of a world-class bay area and city group with Hong Kong and Macao, and to speed up the building of an international scientific innovation center of the Greater Bay Area, the report said.

Guangdong's GDP reached 9.73 trillion yuan ($1.45 trillion) in 2018, averaging 6.8 percent growth year-on-year, slightly higher than the national 6.6 percent growth, it said. The province that is leading the country's economy, plans to surpass 10 trillion yuan in 2019, with an expected growth rate of 6-6.5 percent.

VCG111150606675.jpg

The Greater Bay Area international scientific innovation center is poised to lead quality economic development across China. To support the real economy, Guangdong also plans to promote high-quality enterprises to go public on a new "science and technology innovation board" that is expected to be launched in 2019.

"Completing a policy-based finance and credit rating guarantee system, promoting building private and community banks, promoting high-quality enterprises to go public on New Third Board and the science and technology innovation board and  helping finance to better support the real economy," it said.

Guangdong also plans to promote the city of Zhanjiang to assist with the construction of the Hainan international free-trade zone, South China's Hainan Province, to launch a number of major industrial projects, vigorously develop the industries including port-vicinity chemical, marine equipment and offshore wind power.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue