Guangdong-HK-Macao Greater Bay Area sees US$397.9 bln of industrial added value in 2018

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One of China's most economically open and vital regions, the Guangdong-Hong Kong-Macao Greater Bay Area has continuously enhanced its innovation-based development in recent years, and a synergistic, regional innovation system led by Guangzhou and Shenzhen has gradually taken shape.

Government data indicates that the Guangdong-Hong Kong-Macao Greater Bay Area’s industries created 2.82 trillion yuan (US$397.9 billion) of added value in 2018, which is 623.46 billion yuan (US$87.97 billion) higher than the figure for 2013; annual growth increased by an average of 5.1 percent in the region during the six-year period.