The blue book Report on Reform and Innovation of Guangdong-Hong Kong-Macao Greater Bay Area in China (2020) was recently released in Guangzhou. It combs through reform and innovation achievements made in the Greater Bay Area considering such aspects as mechanism innovation, regional integration, industrial collaboration, scientific and technological innovation, and construction of a cultural ecosphere.

According to the Blue Book, steady increase was achieved in the overall economy of the Greater Bay Area in 2019 with the economic aggregate exceeding RMB 11 trillion. Investment, consumption, foreign trade, real estate and the financial situation were also stable. However, economic growth slowed down as a whole compared to that in 2018.

Looking ahead to 2020, the Greater Bay Area will still encounter multiple opportunities and challenges, says the book. It will embrace a broad space in infrastructure connection, the driving of technological innovation, and industrial cooperation with the implementation of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area. Regional financial cooperation and opening up will continue to advance.