First anniversary of Guangdong-Macao In-Depth Cooperation Zone in Hengqin marks significant progress
On September 5, 2021, China issued a general plan for building a Guangdong-Macao In-Depth Cooperation Zone in Hengqin, accelerating the deep cooperation between Guangdong and Macao.
The economic development of the Cooperation Zone has come through with flying colors, as the issuance of the plan for building a Guangdong-Macao In-Depth Cooperation Zone in Hengqin came into its second year.
The zone's GDP reached nearly 22.4 billion yuan in the first half of this year. The value-added in the financial industry amounted to 8.2 billion yuan for the same period — up 11 percent.
Over the past year, based on the resource endowment and development foundation of Guangdong and Macao, Hengqin has promoted greater development of the real economy in line with the nation’s policy orientation, and expanded the new space for Macao residents to live and work on the mainland. Besides, it has developed a new and opening-up system for Guangdong-Macao integration, optimized the new mechanism following the principles of extensive consultation, joint contribution, joint management and shared benefits between Guangdong and Macao. The cooperation has promoted Macao’s adequate economic and industrial diversification, and injected new vitality into the development of Guangdong-Macao In-depth Cooperation Zone, which are expected to deepen cooperation between Guangdong and Macao.