Published on : 12/06/2024
The year 2024 marks the 5th year since the publication of the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area".
In these five years, the Greater Bay Area has developed rapidly, creating one-ninth of the country's total GDP with less than 0.6% of its land area.
Greater Bay Area's GDP breaks through 14 trillion
"Opportunities in the Greater Bay Area" event, a Guangdong-themed interview activity, was recently held in Guangzhou.
Zhang Hu, a Standing Committee member of CPC Guangdong Provincial Committee and its Deputy Governor, shared that after five years of hard work, the overall strength of the Greater Bay Area has been continually strengthening. Cooperation among Guangdong, Hong Kong, and Macao has deepened, and the construction of the first-class international bay areas and world-class city clusters has taken solid steps.
According to statistics, the economic total of the Greater Bay Area rose from 10.8 trillion CNY in 2018 to 14 trillion CNY in 2023, again creating one-ninth of the total economic output of China with less than 0.6% of its land area.
The area's high-quality developmental potential and momentum are continuously being released, demonstrating the institutional advantages and vitality of "one country, two systems".
Read more: About GBA｜How was the Greater Bay Area born?
Guangdong becomes the largest province for new energy vehicle production
The development of Guangdong Province is closely related to the Greater Bay Area, with several accomplishments worth noting.
In recent years, Guangdong has become the province with the highest production of new energy vehicles.
In 2023, the annual production of new energy vehicles reached 2.53 million, ranking first nationwide. One out of every four new energy vehicles in China is made in Guangdong.
The fully automated production line allows for mass customisation; from a single piece of steel to a completed vehicle, all procedures can be completed in 16 hours.
As a leading province also in digital economy, Guangdong has been comprehensively promoting digital economy in recent years.
In 2022, the scale of Guangdong's digital economy was 6.41 trillion CNY, leading the nation for six consecutive years. Making up almost half of its GDP, it has become a significant force propelling the province's economic development.
High-tech enterprises have also shown impressive performances. As of now, Guangdong has over 75,000 high-tech enterprises and has nurtured over 40,000 innovative small and medium-sized enterprises, providing incessant momentum for economic growth.
