Volume 37 Issue 6
Nov.  2022
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CHEN Yong-jun, YAN Zong-xin, YU Man-qi. An Important Hub for Building a New Dual Circulation Development Pattern: Theoretical Logic and Realization Path of Guangdong-Hong Kong-Macao Greater Bay Area Demonstration[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(6): 4-16.
Citation: CHEN Yong-jun, YAN Zong-xin, YU Man-qi. An Important Hub for Building a New Dual Circulation Development Pattern: Theoretical Logic and Realization Path of Guangdong-Hong Kong-Macao Greater Bay Area Demonstration[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(6): 4-16.

An Important Hub for Building a New Dual Circulation Development Pattern: Theoretical Logic and Realization Path of Guangdong-Hong Kong-Macao Greater Bay Area Demonstration

  • Received Date: 2022-06-01
    Available Online: 2023-01-13
  • Publish Date: 2022-11-28
  • It is the latest requirement of the "Report to the 20th National Congress of the Communist Party of China" that we should enhance the endogenous power and reliability of the domestic circulation and improve the quality and level of the international circulation. The Guangdong-Hong Kong-Macao Greater Bay Area has become an important hub for the new "dual circulation" development pattern, which is not only a strategic requirement for national development in the new era, but also a major historical task to be undertaken by the Greater Bay Area. On the one hand, the establishment of the demonstration status of the Greater Bay Area stems from the diversified social system, good economic foundation and location advantages of connecting China and foreign countries in the Greater Bay Area; on the other hand, the empirical analysis of the circulation inside and outside the Guangdong-Hong Kong-Macao Greater Bay Area and its radiation effect also shows that the Greater Bay Area can play a demonstration and leading role in the new "dual circulation" development pattern in an all-round way. To fulfill this historic task, the Greater Bay Area should reshape the new momentum of development, rebuild competition rules, reconstruct the role of the government and the market, and optimize the economic circulation mechanism. We should comprehensively deepen the construction of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone and the Guangdong-Macao In-depth Cooperation Zone in Hengqin as a breakthrough, grasp the key points of institutional supply, make up for the shortcomings of endogenous demand, strengthen the knowledge-intensive intermediate input industry, and finally promote the construction of a new "dual circulation" development pattern in the country with its own achievements.
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