french.china.org.cn
Greater Bay Area: A Strategic Trade Hub Amidst Global Protectionism
Amid rising global protectionism, the Guangdong-Hong Kong-Macao Greater Bay Area is strengthening its role as a key economic link to Asian economies, leveraging Hong Kong's financial expertise and Macao's connections to Portuguese-speaking countries, with experts highlighting the need for technological self-reliance and resilient supply chains.
- How are Hong Kong and Macao contributing to the Greater Bay Area's economic role and how do these roles complement each other?
- GBA leverages Hong Kong's financial strengths and global networks to attract foreign investment for mainland China, boosting high-level opening. Initiatives like Stock Connect, Bond Connect, and Wealth Management Connect have drawn investors from over 130 countries, enhancing market liquidity. Macao complements this by connecting with Portuguese-speaking countries, assisting Chinese firms in accessing emerging markets.
- What is the strategic significance of the Guangdong-Hong Kong-Macao Greater Bay Area in the face of rising global protectionism and uncertainties?
- The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is increasingly vital as a trade link to Asian economies amid global protectionism. Experts at the Tsinghua PBCSF 2025 forum highlighted GBA's role in stabilizing ties with Europe and the US, while deepening East Asian integration and Belt and Road cooperation. This involves 16 major economies, representing over 30% of global GDP in 2021, projected to reach 40% within two decades.
- What are the key challenges and opportunities for the Greater Bay Area's future development, particularly concerning technological advancement and geopolitical risks?
- Future GBA growth hinges on technological self-reliance, resilient supply chains, and strengthened Asian market ties to mitigate geopolitical and supply chain risks. Promoting AI-driven cross-border e-commerce and expanding cooperation with ASEAN and BRICS nations are key strategies. The region aims to become a dual-circulation hub by deepening mainland integration and offsetting Western market uncertainties.
Cognitive Concepts
Framing Bias
The article presents a largely positive framing of the Greater Bay Area's role in navigating global economic uncertainties. The emphasis on its strategic importance and potential for growth is consistent throughout, with limited counterpoints or critical perspectives. Headlines and introductory paragraphs reinforce this positive narrative.
Language Bias
The language used is generally neutral, though certain phrases like "strategic renewed role" and "essential bridge" suggest a degree of positive bias. The frequent use of terms such as "enhanced openness" and "significant strengthening" convey a more positive tone than a strictly neutral analysis would imply. More neutral alternatives might include phrases such as "increased integration" or "improved market liquidity."
Bias by Omission
The article focuses heavily on the perspectives of experts and business leaders from China and Hong Kong, potentially omitting viewpoints from other stakeholders or countries affected by the economic shifts discussed. While acknowledging limitations of scope, a broader range of opinions could provide a more nuanced understanding of the challenges and opportunities within the Greater Bay Area. The article also doesn't delve into potential downsides or criticisms of the initiative.
False Dichotomy
The article presents a somewhat simplified view of the global economic landscape, framing the choice as between engagement with the West and focus on Asian markets. The complexities of navigating global trade and the potential for diversification beyond this dichotomy are not fully explored.
Sustainable Development Goals
The article highlights the Guangdong-Hong Kong-Macao Greater Bay Area's role in promoting economic cooperation and growth within Asia and globally. Initiatives like the Belt and Road Initiative, along with strengthened financial integration between Shenzhen and Hong Kong (Stock Connect, Bond Connect, Wealth Management Connect) are fostering economic activity and investment, creating jobs and stimulating growth. The focus on supporting SMEs and enabling their international expansion through Hong Kong further contributes to this positive impact.