The 14th Five-Year Plan for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area: Focusing on the construction of rail transit

 

In March 2021, the 14th Five-Year Plan for National Economic and Social Development of the People's Republic of China and the Outline of 2035 Long-term Goals were released by the state, which mentioned again the need to actively and steadily promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and planned the construction of rail transit in the Guangdong-Hong Kong-Macao Greater Bay Area.

The development of the Guangdong-Hong Kong-Macao Greater Bay Area began in 2017. Under the witness of President Xi Jinping, the National Development and Reform Commission and the governments of Guangdong, Hong Kong and Macao signed the Framework Agreement on Deepening Cooperation between Guangdong, Hong Kong and Macao in Promoting the Development of the Greater Bay Area in July 2017 in Hong Kong. President Xi Jinping has issued important instructions to accomplish this important task well. In October 2017, the development of the Guangdong-Hong Kong-Macao Greater Bay Area was included in the report of the 19th CPC National Congress.

In February 2019, the CPC Central Committee and The State Council issued the Outline of the Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area. In August 2019, the CPC Central Committee and The State Council issued the Opinions on Supporting Shenzhen in building a Pilot Demonstration Zone of Socialism with Chinese Characteristics.

In March 2021 the law of the People's Republic of China on the national economic and social development of a five-year plan and 2035 vision 14 outline, to Hong Kong and Macao to strengthen the coordinated development of production, improve the connect Hong Kong, the zhuhai-macau corridor and the hetao, shenzhen and Hong Kong science and technology innovation way hengqin starting point "two gallery 2" architecture science and technology innovation system, and promote the comprehensive construction of national science center, Facilitating the cross-border flow of innovation factors.

We will accelerate the development of intercity railways, coordinate the functional layout of ports and airports, and optimize the allocation of shipping and aviation resources. We will deepen the reform of customs clearance models to facilitate the convenient and efficient flow of people, goods, and vehicles.

We will expand mutual recognition of professional qualifications between the mainland and Hong Kong and Macao, and further align rules and mechanisms in key areas. To facilitate young people from Hong Kong and Macao to study, work and start businesses in mainland cities in the Greater Bay Area, and to build a boutique brand for young people from Guangdong, Hong Kong and Macao to exchange ideas.

 

The guangdong-Hong Kong-Macao Greater Bay Area construction plan

-- Planning "4+7" cities, targeting the world's three major Bay areas

The construction of the Guangdong-Hong Kong-Macao Greater Bay Area has planned four central cities and seven node cities. The four central cities are Hong Kong Special Administrative Region, Macao Special Administrative Region, Guangzhou city and Shenzhen City. The seven node cities are Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Qing. The Guangdong-Hong Kong-Macao Greater Bay Area covers an area of 56,000 square kilometers.

 

 

The Guangdong-Hong Kong-Macao Greater Bay Area is targeted at the world's three major Bay areas -- Tokyo Bay Area, New York Bay Area and San Francisco Bay Area. The Guangdong-Hong Kong-Macao Greater Bay Area is strategically positioned as a dynamic world-class city cluster, an important support for the Belt and Road Initiative, a quality living circle suitable for living, working and traveling, an international science and technology innovation center with global influence, and a demonstration zone for deep cooperation between the Mainland and Hong Kong and Macao.

-- Planning the spatial layout of the four major enterprises

In terms of the spatial layout of the Guangdong-Hong Kong-Macao Greater Bay Area, China proposes a plan of "pole driven, axis supported, urban agglomeration construction and pan-Pearl River Delta radiation". "Pole drive" refers to leveraging the leading role of the combination of Hong Kong and Shenzhen, Guangzhou and Foshan, and Macao and Zhuhai, deepening the cooperation between Hong Kong and Shenzhen, Macao and Zhuhai, speeding up the integration of Guangzhou and Foshan, enhancing the overall strength and global influence, and leading the Greater Bay Area to participate in international cooperation. "

"Transport belt support" refers to the construction of regional economic development axis by relying on the rapid transportation network with high-speed railway, intercity railway and high grade highway as the main body, as well as the port group and airport group, and the formation of the network spatial pattern of efficient connection between major cities.

"Building city clusters" refers to supporting zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing in building key node cities, with Hong Kong, Macao, Guangzhou and Shenzhen as the core engines of regional development, developing towns with distinctive features, and promoting integrated urban and rural development.

"Radiating the Pan-Pearl River Delta" refers to building an important economic support belt with the Guangdong-Hong Kong-Macao Greater Bay Area as the leading area and the Pearl River-Xijiang Economic Belt as the hinterland, driving the development of central and southern China and southwest China, and radiating southeast and South Asia.

 

China has set 2022 and 2035 goals for the development of the Guangdong-Hong Kong-Macao Greater Bay Area: By 2022, the comprehensive strength of the Guangdong-Hong Kong-Macao Greater Bay Area will be significantly enhanced, and the framework of a world-class bay area and a world-class city cluster will be basically formed. By 2035, the Guangdong-Hong Kong-Macao Greater Bay Area will have an economic system and development model mainly supported by innovation, and become a world-class bay area.

-- Putting forward seven key development tasks

To achieve these goals, China has proposed seven key development tasks for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area. They are to build an international science and technology innovation center, accelerate infrastructure connectivity, build a modern industrial system with international competitiveness, promote ecological civilization construction, build a quality living circle suitable for living, working and traveling, closely cooperate and jointly participate in the Construction of the belt and Road, and jointly build a development platform for Guangdong, Hong Kong and Macao cooperation.

-- Building three platforms and planning eight key projects

In addition, China has proposed three development platforms for the Guangdong-Hong Kong-Macao Greater Bay Area, namely the Qianhaiguang Modern Service Industry Cooperation Zone in Shenzhen, Nansha New Area in Guangzhou and Hengqin New Area in Zhuhai.

Shenzhen bay port before modern services zone orientation for modern service industry system and mechanism innovation area, the development of modern service industry agglomeration area, Hong Kong and the mainland more closely the forerunner area, industrial upgrading in the pearl river delta area, focus on developing innovative finance, modern logistics, headquarters economy, science and technology and professional services, communication and media services, business services six areas.

Nansha New Area in Guangzhou is positioned as a carrier area for international shipping, finance and scientific and technological innovation functions of the Greater Bay Area.

In the future, Hengqin New Area of Zhuhai will focus on the development of tourism, leisure and health, business and financial services, culture, science and education, high and new technology and other industries, build an open and pilot area of culture and education and an international business service leisure tourism base, and create a new carrier to promote the appropriate and diversified development of Macao's economy.

Among them, the state has planned eight key projects: The Hong Kong-Zhuhai-Macao Bridge, the Guangzhou-Shenzhen-Hong Kong high-speed Railway, the Shenzhen-China Channel, the Pearl River Delta water resources allocation project, the third runway of Shenzhen Airport, the third runway of Hong Kong Airport, the Nansha Bridge and the Liantang port. The Hong Kong-Zhuhai-Macao Bridge, a bridge and tunnel project connecting Hong Kong, Zhuhai and Macao, with a total investment of 126.9 billion yuan, began construction in December 2009 and began operation in October 2018.

The above data reference forward-looking industry research institute of China urban rail transit industry market foresight and investment strategy analysis report, at the same time forward industry research institute to provide a large industry data, application of industry planning, industry, industrial park planning, industrial investment, its IPO for scientific research, the prospectus on the solution.

 

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