Youth drawn to Greater Bay Area chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
By Shamim Ashraf | China Daily Asia | Updated: 2021-05-03 10:19 Share CLOSE Photo taken on July 14, 2020 shows the Golden Bauhinia Square in Hong Kong, July 14, 2020. [Photo/Xinhua]
Apart from what made Hong Kong a global financial center, the city has some core strengths that speak for themselves. In the last few years, several policies were adopted to turn Hong Kong into a world innovation and technology hub by making the best use of those strengths. Development of the Guangdong-Hong Kong-Macao Greater Bay Area remains the most significant among the policies, and, hence, authorities in the 11 cities of the cluster and those in Beijing came up with their best bets. Hong Kong could forge ahead, but for a mindless social unrest that began in June 2019 and followed by the outbreak of the COVID-19 pandemic.
The Land-Sea New Corridor that is presently being constructed, links Chongqing to southwest China, which will further facilitate trade between the country’s western region and markets of nearby Southeast Asia, particularly the Indo-China peninsula.
The Chongqing-Manzhouli-Russia freight railway, opened in 2014, operated over a thousand trips between China and Russia in 2020.
The ambitious city aims to construct a railway network with a total length of 5,800 kilometers by 2030, including 2,032 kilometers of high-speed railways. By then, Chongqing will become an important transport hub connecting Europe, Asia, and other parts of China.
Chongqing’s economic profile
As China’s largest municipality by size and population, Chongqing ranks as the fifth Chinese city with the strongest GDP, following Shanghai, Beijing, Shenzhen, and Guangzhou. The city recorded a GDP of RMB 2.5 trillion (US$385.5 billion) in 2020. For perspective, that’s about the size of Israel’s or Argentina
Future is secure, but Hong Kong needs to boost its game chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
2021-04-30 14:36:14 GMT2021-04-30 22:36:14(Beijing Time) Xinhua English
HONG KONG, April 30 (Xinhua) Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Paul Chan on Friday updated business leaders from Britain on Hong Kong s leading position as a global investment and trade hub at an online meeting.
Chan highlighted the restoration of social and political stability due to the enactment of the national security law in Hong Kong and the improvement to the electoral system of Hong Kong.
He said the improved electoral system would ensure that patriots administer Hong Kong with the goal of getting on with the substantive business of building a flourishing economy and providing for an engaged community.