China’s National Development and Reform Commission (NDRC), the country’s top economic planner, on Thursday unveiled two plans that aim to boost cooperation and development of the Guangdong-Hong Kong-Macao Greater Bay Area.
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hina expects Shenzhen’s Qianhai to play its leading role in developing the Greater Bay Area and broadening Hong Kong’s development space, according to the plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.
By 2035, the cooperation zone, which covers an area of 120.56 square kilometers, shall have established an innovation-driven development model featuring industrial synergy and market connectivity with Hong Kong and Macao and become a new international trade center, an international high-end shipping service center, and an engine for high-quality development, said the document.
In a separate statement, the NDRC also released a plan for the Guangdong-Macao in-depth cooperation zone in Hengqin, Zhuhai.
By 2035, the 106-square-kilometer area is expected to become a strong growth engine for the Guangzhou-Zhuhai-Macao science and technology innovation corridor and have helped promote appropriate diversity in Macao’s economy.
By then, the Hengqin cooperation zone is also expected to become a livable area supporting the free flow of factors between Hengqin and Macao, with around 80,000 Macao residents working there and around 120,000 living there, according to the plan.
