If you thought mega-growth was a thing of the past, think again! The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) just posted some jaw-dropping numbers. In 2023, the GBA's total economic output soared past 14 trillion yuan (about $1.97 trillion), snagging one-ninth of China's total GDP with just 0.6% of the country's land area. Talk about making the most out of minimal space! 🌟
Zhu Wei, the executive deputy director of the GBA office in Guangdong, spilled the tea on this impressive growth. Back in 2018, the GBA's economic output was 10.8 trillion yuan. Fast forward five years, and it's skyrocketed by 3.2 trillion yuan! 📈
But it's not just about the numbers. The GBA has seriously leveled up in tech innovation, transportation, and creating a business-friendly vibe. With over 75,000 national-level high-tech firms calling the GBA home—including giants like Huawei Technologies, Tencent Holdings, and BYD Auto—the region is buzzing with innovation and cutting-edge developments. 💡
Travel much? The GBA's airport cluster now handles over 280 million passengers annually. That's like moving almost the entire population of Brazil every year! ✈️ And if you're into global trade, the ports here are crushing it too, handling more than 85 million standard containers annually. 🚢
The Greater Bay Area is not just a region; it's a powerhouse that's shaping the future of global economics and innovation. Keep an eye on this space—big things are happening! 😉
Reference(s):
2023: Greater Bay Area posts nearly $2 trillion in economic output
cgtn.com
