"Going Together" to Warm Consumption and Draw a High Quality Life Circle - Observation on the Coordinated Development of the Guangdong Hong Kong Macao Greater Bay Area
2023-08-18
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, in the face of complex and severe external challenges, the Guangdong Hong Kong Macao Greater Bay Area has continued its economic recovery momentum, with more convenient transportation, continuous 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 cluster. Convenient transportation is popular. There is a direct bus stop between Shenzhen and Hong Kong near my home, which takes less than an hour to Disney. Mr. Chen, a Shenzhen resident, said that in early August, he and his daughter came to Hong Kong Disneyland for a trip. "It was a great day to go back and forth," he said. 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. Mechanisms such as "Hong Kong cars heading north" and "Macao cars heading north" are helping to accelerate the "exchanges" between Hong Kong and Macao and mainland Chinese people. Starting from 0:00 on July 1st, the "Hong Kong Motor Vehicles Moving North" policy was officially implemented. Qualified Hong Kong motor vehicle owners who have booked customs clearance in Hong Kong can enjoy the convenience of travel in the Greater Bay Area of Guangdong, Hong Kong, and Macao. The 'Hong Kong Car northbound' makes it convenient for a family to travel. On weekends, you can take your family to visit Zhuhai and 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 North Up" 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 in Macau that go north accounts for one fourth of Macau's private cars. The "One Code Ride" helps build a "1-hour high-quality lifestyle circle". Recently, Shenzhen Tong Co., Ltd. has upgraded 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 (Shenzhen) Comprehensive Development Research Institute, said that as the transportation infrastructure in the Greater Bay Area becomes more convenient, internal exchanges between regions become more frequent, and the intensity of spatial connections continues to increase, the formation of the "one hour living circle" is accelerating. 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 the role of a major economic province as a "driving force". The report released by the Hong Kong SAR government also shows that the Hong Kong economy continued to recover in the second quarter of 2023, driven by the visiting 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, the service industry in Guangdong achieved rapid growth, and the operating conditions of contact aggregation service industries such as wholesale and retail, accommodation and catering continued to improve. 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 Council, the number of visitors to Hong Kong in July this year was approximately 3.6 million, an increase of 31% compared to the previous month. Macao
Edit：XiaoWanNing Responsible editor：YingLing
Source：Xinhua News Agency
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