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"One-hour living circle" drives Greater Bay Area integration

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      China

      China

      "One-hour living circle" drives Greater Bay Area integration

      2024-07-11 20:19 Last Updated At:21:07

      The "one-hour living circle" project in the Guangdong-Hong Kong-Macao Greater Bay Area has promoted integration of southern China's cities, and is expected to create more business opportunities and enhance convenience of life.

      The project aims to connect major cities in the area with bridges, tunnels and easier border crossing procedures, reducing travel time around the area to about one hour.

      Vincent Lam, a Chinese medicine entrepreneur in Macao, has invested in the Hengqin Guangdong-Macao In-Depth Cooperation Zone in Zhuhai, one of the 11 cities in the area.

      Hengqin Island began closed-loop customs operations in March, offering tax exemptions for certain goods. Lam said the convenient transportation and favorable policies attracted him to operate one of nearly 6,000 Macao enterprises in this area.

      "On one side, it's very close to Macao, it's easy to get to the Belt and Road, Portuguese cities. The cost [here] is lower, the intangible assets for us are more, because here, it's a very big market, I can do online selling, it's much easier, there's huge potential," he said.

      Lam's decision also helped create a new cross-border family: Vincent has since married his girlfriend from Zhuhai and started a new life in Hengqin.

      "I had two kids in two years. They are really the new generation [of Macao people] to be born in Hengqin, and grow up in Hengqin," he said.

      More than 20,000 people from Macao now live in Hengqin, up 20 percent from last year.

      Thanks to the Northbound Travel Scheme, Hong Kong and Macao residents can travel more conveniently to the mainland via the Hong Kong-Zhuhai-Macao Bridge. Travelers said they expect more communication and a more convenient life in the "one-hour living circle."

      "Hong Kong has been back for many years now, and we are a family, after all. The 'one-hour living circle' has been discussed for years, it's finally become a reality. I think it's a breakthrough for domestic circulation," said Stanley Yip, a visitor from Hong Kong.

      "We booked a villa for the whole group of friends. We are excited to spend the night here and shop," said Fione Chan, a visitor from Hong Kong.

      "We have felt more connected to the mainland in recent years, with new opportunities emerging. I hope for more cultural exchanges and other collaborations, so we can grow stronger together," said Ray Lam, another visitor from Hong Kong.

      "One-hour living circle" drives Greater Bay Area integration

      "One-hour living circle" drives Greater Bay Area integration

      Next Article

      China holds trade, investment matchmaking events with three European countries

      2025-04-05 22:32 Last Updated At:23:07

      China recently held trade and investment matchmaking events, as well as a joint economic cooperation commission meeting, with political and business representatives from Sweden, Norway and Hungary.

      The events focused on topics such as economic and trade exchanges and cooperation across various sectors.

      At the events, the Chinese representative emphasized that China welcomes European enterprises to invest in the country and aims to enhance the quality and efficiency of bilateral economic and trade relations.

      The foreign representatives attending the events expressed the willingness of their respective countries to be long-term and reliable partners of China and to work together in safeguarding the multilateral trading system based on WTO rules.

      China holds trade, investment matchmaking events with three European countries

      China holds trade, investment matchmaking events with three European countries

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