Monday, June 20, 2022

China's Nansha offers new incentive into opening-up, cooperation in Greater Bay Area

KUALA LUMPUR, June 20 (Bernama) -- China's State Council has issued an overall plan to promote comprehensive cooperation among Guangdong, Hong Kong and Macao by further deepening opening-up in the Nansha district of South China’s Guangdong province, according to a circular released on June 14.

Nansha will step up such cooperation to build it into a centre of strategic importance that collaborates with Hong Kong and Macao and benefits the Greater Bay Area (GBA) and beyond, the circular said.

According to a statement, the district is set to further drive cooperation and opening-up in the GBA as it embraces an opportunity to evolve from the region's geographic centre to a key functional role.

The district significantly connects to urban clusters in the GBA as it serves as Guangzhou's only gateway to sea routes.

The district has put the building of a ‘half-hour transportation circle’ on a fast track since the start of constructing the GBA, providing more solid groundwork for collaboration with Hong Kong and Macao to develop Nansha into a door for high-level opening-up, according to Nansha District People's Government of Guangzhou City.

On May 30, 2022, a China-Europe freight train departed from the Nansha Port, a move marking the integration of the Silk Road Economic Belt with the 21st Century Maritime Silk Road.

The multimodal rail-water-road transport system was made possible by the operation of the Nansha Port Railway, said Song Xiaoming, vice general manager of Guangzhou Port Company, adding that an increase in China-Europe freight-train services put the district in a better position to support the GBA in building the Belt and Road and to connect with the rest of the world.

At the same time, Nansha features more prominently in the global business landscape as it is on track to emerge as a brand-new centre for international exchanges. While the permanent site of the Greater-Bay Science Forum is being planned, the International Finance Forum (IFF) annual meeting has been hosted nonstop.

In addition, Nansha will build a new platform for the GBA to increase international economic cooperation under the Belt and Road framework. This is how Nansha further integrates into the regional and global economy.

Nansha now leads the GBA in sci-tech innovation endeavours. To be specific, it is home to over 620 companies in artificial intelligence and biotechnology.

Founded as a state-level new area and part of China (Guangdong) Pilot Free Trade Zone, Nansha has grown from a demonstration zone of all-round cooperation among Guangdong, Hong Kong and Macao to the world-facing carrier of strategic importance for greater collaboration with Hong Kong and Macao.

-- BERNAMA

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