Greater Pearl
River Delta—— A New Geographical
Advantage Is Coming Up Thanks
to the implementation of “CEPA”(Closer
Economic Partnership Arrangement),
Guangdong can integrate and consolidate
its advantages in manufacturing, technology,
market, labor force and resources
with those of Hong Kong and Macao
in international trading, finance,
management and talents and has put
in place a “Greater Pearl River
Delta” Economic Zone, within
which Guangdong, Hong Kong and Macao
will enjoy closer partnership for
cooperation among each other. By focusing
on the development of its manufacturing
industry, Guangdong will be dedicated
to become one of the most important
manufacturing bases of the world,
while Hong Kong is focusing on promoting
modern logistics, finance and trading
with an objective to turn itself into
one of the world’s most important
centers for modern service trade industry,
and likewise, Macao is relying on
building up its tourism, amusement
and lottery industry. The advantages
bestowed for these three parties are
complementary to each other and surely
a joint development will be achieved
for each of them. In the meantime,
the “Pan- Pearl River Delta”
Economic Zone is taking shape at a
fantastic speed. This zone covers
9 provinces and autonomous region
in China’s mainland including
Guangdong, Hunan, Hainan, Fujian,
Yunnan, Sichuan, Guangxi, Guizhou,
Jiangxi and 2 Special Administrative
Regions (SARs) including Hong Kong
and Macao. Thus the dominant regional
superior position of Guangdong is
being brought into full play, in return,
offering a broader hinterland for
business development.
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