A Study on the Role of Guangdong-Hong Kong-Macao Greater Bay Area Based on the Belt and Road Initiative

Abstract

China’s Belt and Road Initiative aims at enhancing economic connectivity and cooperation between China and neighboring countries, and promote common prosperity. Guangdong is one of the leading economic regions of mainland China. Based on the guidance of the national policy, Guangdong-Hong Kong-Macao Greater Bay Area plays its role in the construction of the Belt and Road with its strong economic foundation, unique geographical location, complete infrastructure and industrial base, convenient transportation, and global financial center status. From the perspective of the dominant competitive advantage index, this paper analyzes the competition and trade cooperation in Guangdong-Hong Kong-Macao Greater Bay Area on the basis of the Belt and Road Initiative. In addition, this paper summarizes the current situation of investment and finances of Guangdong-Hong Kong-Macao Greater Bay Area in Belt and Road Initiative and presents strategies on how to play the role of the Guangdong-Hong Kong-Macao Greater Bay Area in the Belt and Road Initiative.

Keywords: The Belt and Road Initiative, Guangdong-Hong Kong-Macao Greater Bay Area, Dominant Competitive Advantage Index