Guangdong Advantages
 

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.