scholarly journals China’s Guangdong-Hong Kong-Macao Greater Bay Area: a new development opportunity for Hong Kong

2019 ◽  
Vol 22 (1) ◽  
pp. 8-14
Author(s):  
Siu-kai Lau
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Hong Kong ◽  
Industrial Structure ◽  
National Development ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Bay Area ◽  
Belt And Road ◽  
The Belt And Road

Purpose The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Strategy is an important component of the “Belt and Road Initiative” of China. The purpose of this Project is to develop the GBA into the most open, market-oriented and innovative pole of economic growth in China. The GBA Project provides Hong Kong with a rare opportunity to diversify its industrial structure and to move into a new and higher stage of economic development. Design/methodology/approach Being an integral part of the GBA, Hong Kong is expected and supported by the Central Government to develop into a hub of the Area, and, leveraging on Hong Kong’s status as an international metropolis, to connect the Area as a whole with the world. Findings China’s Guangdong-Hong Kong-Macao Greater Bay Area Project is a major national development strategy and is a major part of the Belt and Road Initiative. Hong Kong is going to play an important role in the Project and will benefit from it enormously in the future in terms of economic growth and the upgrading of its industrial structure. However, in order to take full advantage of participation in the Project, the way Hong Kong is governed, particularly the government's role in economic development, has to be modified significantly. Originality/value In order to take advantage of the Project, the Hong Kong SAR Government has to play a bigger and more proactive role in Hong Kong’s socioeconomic development and to strengthen its capacity to mobilize societal participation in the Project.

Hong Kong Special Administrative Region, China, and globalization

2020 ◽  
Vol 9 (2) ◽  
pp. 268-276
Author(s):  
Jean A. Berlie
Keyword(s):  
Hong Kong ◽  
Silk Road ◽  
Special Administrative Region ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Administrative Region ◽  
Bay Area ◽  
Belt And Road ◽  
Definition Of

PurposeThis article looks at the differences and similarities between globalization and the role of China on globalization, in particular for the Hong Kong Special Administrative Region of China (HKSAR).Design/methodology/approachThis article is based on research, reading, and interviews on globalization.FindingsChina is promoting the new globalization of the century called Belt and Road Initiative (BRI) which is a unique way to boost again the economy of China.Originality/valueStudies of the New Maritime and Land Silk Road of China are rare; in particular, the role of the HKSAR is ignored. Macau also plays a role because it was the first point of globalization in the seventeenth century. China is really a global country, and the Chinese are numerous in all continents. Chinese Internet role is also mentioned. Globalization is a key concept not only for China and Asia but also for the Hong Kong Special Administrative Region (HKSAR), Africa, and countries in Latin America such as Bolivia and Venezuela. This article looks at the differences and similarities between globalization and the role of China on globalization. The HKSAR and the Greater Bay Area are part of the same country. China is developing the new globalization of the century called, in 2017, the Belt and Road Initiative (BRI). The current definition of Chinese globalization includes land and maritime Silk Road, now the BRI.

scholarly journals Prospects for Science and Technology Cooperation between the Guangdong-Hong Kong-Macao Greater Bay Area and Portugal under the Belt and Road Initiative

2021 ◽  
Vol 3 (6) ◽  
Author(s):  
Jiaming Liang
Keyword(s):  
Hong Kong ◽  
Technological Development ◽  
Silk Road ◽  
Belt And Road Initiative ◽  
Bay Area ◽  
Maritime Silk Road ◽  
Technological Cooperation ◽  
Belt And Road ◽  
The Belt And Road ◽  
The Eu

President Xi, focusing on building a new pattern of all-round opening up to the outside world and promoting the common prosperity and progress of all countries, put forward a major proposal for the construction of the Silk Road Economic Belt and the maritime Silk Road in twenty-first Century. The bay area economy, as an important coastal economic form, is the highlight of the current international economic map, and is a significant symbol of the world's first-class coastal city. The international first-class bay areas, such as New York Bay area, San Francisco Bay area and Tokyo Bay area, are characterized by openness, innovation, livability and internationalization. The Guangdong-Hong Kong-Macao Greater Bay Area has four world-class cities, name Guangzhou, Shenzhen, Hong Kong and Macao, and the Pearl River Delta city cluster. It has an open economic structure, efficient resource allocation ability, strong agglomeration and spillover function and development international communication network plays a core function of leading innovation and gathering radiation. It is an important growth pole for promoting the economic development of the maritime Silk Road and a leader in technological change. With the help of Portugal's geographical position on the maritime Silk Road and market access advantages within the EU system, the Greater Bay Area should further deepen scientific and technological cooperation, improve the ability of scientific and technological innovation of both sides, let the scientific research subjects of the bay area help Portugal's scientific and technological development, and enhance Portugal's scientific and technological position in the EU. From the perspective of the Belt and Road Initiative, combined with the basic situation and cooperation of China, especially Guangdong, Hong Kong and Macau, and the development of science and technology in Portugal, this article explores the technological fields, policy measures that are suitable for scientific and technological cooperation between the two sides, and puts forward corresponding suggestions to contribute to the technological development of China, Portugal and the global economic and social sustainable development.

Belt and Road will alter Asia's energy geography

2018 ◽  
Keyword(s):  
Economic Development ◽  
Energy Security ◽  
Power Plants ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Chinese Investment ◽  
Belt And Road ◽  
The Stability ◽  
Electricity Provision ◽  
The Belt And Road

Subject The implications of the Belt and Road Initiative for the energy sector. Significance One of the aims of China's Belt and Road Initiative (BRI) is to increase the stability of the country's many neighbours by supporting their economic development, in part by developing their energy sectors. Improving China's own energy security is another. Impacts Electricity provision in BRI countries will improve, creating better conditions for industry and extending electrification programmes. BRI countries will become increasingly indebted to China, some of them unsustainably so. Chinese investment in power plants may encourage development of regional trading pools, encouraging development of an 'Asian supergrid'.

Influence of the Internet on the Economic Growth of the Belt and Road Region

2019 ◽  
Vol 11 (3) ◽  
pp. 248-259
Author(s):  
Yidan Li
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Industrial Structure ◽  
Dynamic Panel Data ◽  
The Internet ◽  
Development Mode ◽  
Belt And Road ◽  
Using Data ◽  
The Impact ◽  
The Belt And Road

As a general technology, the Internet promotes economic growth in various forms. We apply a dynamic panel data approach to measure the impact of the Internet on the gross domestic product (GDP) using data from 65 countries in the Belt and Road Region during the period 1996–2014. The results show that the Internet has a positive and statistically significant effect on the economic growth. These effects strengthen along with the development of the Internet. Many factors such as capital, labor force, technology, industrial structure, international trade, and economic level are essential to explain the differences in the influence of the Internet on the economic growth among the Belt and Road countries. With R-type factor analysis, two factor components can summarize above indicators: one represents the level of economic development and the other represents the level of intensification of the economic development mode. According to the different national situations, the BRI countries must adopt various strategies to actively promote the development of their information industry, and jointly develop the “Digital Silk Road.”

scholarly journals Sino-Egypt Relations in the context of BRI

2021 ◽  
Vol 3 (2) ◽  
Author(s):  
Amr Adawi Ahmed Adawi , Dr. Wang Lian He , Dr. Allauddin
Keyword(s):  
Economic Development ◽  
National Development ◽  
Strategic Partnership ◽  
Belt And Road Initiative ◽  
Xi Jinping ◽  
New Strategy ◽  
Vision 2030 ◽  
Belt And Road ◽  
Solid Foundation ◽  
The Belt And Road

Sino-Egypt diplomatic relationships were established in May 1956. In year 2013, China launched the “Belt and Road” Initiative (BRI) and invited countries, especially those along the route to contribute in the framework of the project. The Egyptian president Sisi visited China in 2014, and the two nations agreed to promote their bilateral relationships to comprehensive strategic partnership. In year 20146, Egypt launched new strategy for national development “Egypt Vision 2030”. Therefore, the two countries are cooperating according to these two planes. This paper analyzes Sino-Egypt relations in the context of BRI. When the Initiative was launched by China in 2013, Egypt is among the first countries to the join it. SinoEgyptian relations have significantly developed since the early 2010s. Based on solid foundation, China’s president Xi Jinping and Al-Sissi sealed an “integral strategic partnership” between the two nations in year 2014. This research paper provides an overview of this evolution and explores fields of cooperation between the two countries. The paper sheds light on cooperation in bilateral fields, especially in the framework of Belt & Road Initiative launched by China. The paper explores how Egypt and China reinforce each other in their common search for economic development  

scholarly journals Borrowing Hong Kong’s International Standards: A Steppingstone for the Chinese “Belt and Road” Going Out?

2021 ◽  
Vol 13 (6) ◽  
pp. 3485
Author(s):  
Zhiwen Gong ◽  
Fung Chan ◽  
Yan Wu
Keyword(s):  
Hong Kong ◽  
Future Development ◽  
International Standards ◽  
Global Markets ◽  
Policy Outcomes ◽  
Chinese Government ◽  
Belt And Road Initiative ◽  
Bay Area ◽  
Belt And Road ◽  
The Belt And Road

When the Chinese government proposed the Belt and Road Initiative (BRI)in 2015, Hong Kong was positioned as a “super-connector” responsible for bridging the mainland and global markets and was planned to integrate into the Guangdong–Hong Kong–Macau Greater Bay Area. The objective of this article is to analyze the Chinese designs to promote its BRI collaboration through Hong Kong to enhance foreign confidence and ensure that the related institutional transplantation is sustainable in other countries and that it is on par with international standards. However, the rise of neighboring cities and the changing Sino–American relationship in recent years has provided uncertainties for the future development of Hong Kong. Due to these factors, this article argues that Hong Kong may not effectively share the functions in the BRI planning designed by the Chinese authorities. Because Hong Kong’s role and how it influences the policy outcomes within the BRI framework have not been thoroughly studied, this article will supplement the current literature vacuum on this specific issue and its future development.

Suzhou industrial park and its role in the belt and road initiative: the great stone industrial park in Belarus

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
María José Haro Sly
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Science And Technology ◽  
Industrial Park ◽  
Belt And Road Initiative ◽  
Content Type ◽  
Belt And Road ◽  
The Belt And Road

PurposeIn recent years, the People's Republic of China has made remarkable progress in science and technology. The Chinese industry is competing for leadership in cutting-edge technologies such as 5G, robotics, artificial intelligence, aerospace and green energy. This article aims to analyze: What role do industrial parks, especially Suzhou Industrial Park, play in upgrading technology to encourage independent innovation and economic development? How SIP is related to the Belt and Road Initiative?Design/methodology/approachThis research summarizes China's most important scientific and technological reforms and policies and in particular the Torch Program. In addition, it develops a case study of the Suzhou Industrial Park (SIP) by analyzing documents, bibliography and presenting data. It ends with a case study of the role of SIP in the Belt and Road Initiative analyzing the Great Stone Park in Belarus.FindingsThis article highlights that: China's experience clearly shows that the "visible hand" of the State plays a very important role in economic development and technological catch-up. All of them are implemented from a strategy linking the national objectives with the local ones, this is done from a top-down perspective. As an important aspect of economic and social development, China's experience in promoting indigenous innovation in science and technology provides a relevant example for developing countries.Research limitations/implicationsThere are few academic literature on Great Stone Industrial Park.Practical implicationsThe international cooperation of the SIP with the technology parks throughout the BRI-countries provides relevant information to deepen collaboration in this field and could contribute to closing the technological gap in developing countries.Originality/valueThe role of the SIP in the Belt and Road initiative is an under research topic. There is few bibliography discussing the impacts of the cooperation in science and technology in the framework of the BRI.

China’s Plans: A View from the Outside after a Previous Period on the “Inside”

2018 ◽  
Vol 01 (04) ◽  
pp. 1850026
Author(s):  
Peter Mathieson
Keyword(s):  
Higher Education ◽  
Hong Kong ◽  
Education Sector ◽  
Belt And Road Initiative ◽  
Previous Period ◽  
Bay Area ◽  
Belt And Road ◽  
The University ◽  
The Belt And Road

The author, a British academic who was President of the University of Hong Kong between 2014 and 2018, discusses the Belt and Road initiative and the Greater Bay Area plan, particularly focusing on the possible implications for the higher education sector in China and beyond.

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