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2019-11-15 12:02:13

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  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.

  TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

  Special:AwhiteyachtdepartedfromShenwanYachtDockinZhongshan,acityofChina'ssouthernGuangdongprovince,andsailedalongtheWestRiver,atributaryofPearlRiver,foraboutonehourintoPortColoaneofChina'sMacaoSpecialAdministrativeRegion(SAR).ThisisasightseeingtripbetweenMacaoSARandZhongshanundertheIndividualYachtVisitScheme.Thescheme,whichwasofficiallylaunchedtwoyearsago,startedtheindividualtourismcooperationbetweenGuangdongprovinceandMacaoSAR.Unliketheyachtsightseeinginthenichetourismmarket,thetourismcooperationofmassmarketamongGuangdong-HongKong-MacaoGreaterBayAreahasbeenmatureforalongtime.TheferryroutesbetweenthebayarearegionsandnewlybuiltHongKong-Zhuhai-MacaoBridgeweaveanetworkoftourismandleisurelifeintheregion.InFebruary2019,ChineseauthoritiesunveiledtheoutlinedevelopmentplanfortheGuangdong-HongKong-MacaoGreaterBayArea,aimingtodevelopthecityclusterintoaqualitylivingcircleforliving,working,healthcareandtraveling.ThecurrentlivingstandardandeconomydevelopmentintheGreaterBayAreahavelaidasolidgroundforachievingsuchagoal.Coveringanareaof56,000squarekm,thebayareahadacombinedpopulationofabout70millionattheendof2017anditsGrossDomesticProductpercapitareachedmorethan20,000U.S.dollarsin2017.CaoZhongxiong,thedirectoroftheNewEconomyResearchCenterwithChinaDevelopmentInstitute,saidasthevastgroupofconsumersintheareahashigherlevelsofincomes,whichformsthesocialneedsforqualityleisureandhealthcareservicesinthebayarea.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforleisure,theareashouldpromotethedevelopmentoftourismbytakingitsgeographicadvantagesaswellasHongKong'sroleastheinternationalshippingcenter.Meanwhile,itcandevelopavarietyoftouristproducts,suchastourismforculture,history,leisureandhealth,andexploremoretransportationvehiclessuchascruiselines,yachtsandhigh-speedrailways,sothattheareacanbebuiltintoaworld-classdestinationfortourists.GentingCruiseLineshasitshomeportsinHongKong,GuangzhouandShenzhen.OneofitscruiselinetripbringsthetouristsfromNanshanofGuangzhouorHongKongtoenjoythefoodandentertainmentservicesonthecruiselineforoneday,whilethetouristscancatchaglimpseofthegreatviewalongtheHongKong-Zhuhai-MacaoBridge.ZhuFuming,presidentoftheGentingCruiseLines,saidastheGreaterBayAreahasfavorablegeographicadvantagesandvastpopulation,withhighereconomicdevelopmentlevelandspendingcapacity,thereishugepotentialfordevelopingcruiselinebusinessintheregion.Macaoisrenownedforitstourism,whichwitnessedtouristsarrivalsofmorethan35.8millionin2018.TheoutlinedevelopmentplanhassetthegoalofbuildingMacaointoaworldleisurecenter,andabaseofexchangesandcooperationofdiverseculturesdominatedbyChineseculture.However,astheGreaterBayAreahasthreecustomsjurisdictions,threecurrenciesandthreelegalregimes,itstillneedsin-depthcoordinationbetweenthethreeplacestobreakthebarriersmadebydifferentpolicyandlegalregimes.ZhengWeihang,vice-directorofChinaCruiseandYachtIndustryAssociation,saidtheGreaterBayAreahasclusteradvantagesinmanufactureindustry,whichcanintegratetheindustrialchaininZhuhai,Foshan,Zhongshan,HuizhouandDongguanwiththescienceandtechnologyresearchcapacityinHongKong,Macao,GuangzhouandShenzhen,andcouldbecomeabaseformanufactureandmaintenanceofcruisesandyachts.Accordingtotheoutlinedevelopmentplan,tobuildaGreaterBayAreaforahealthylife,theregionshouldpromotecooperationontraditionalChinesemedicinebetweenGuangdong,HongKongandMacao.Therefore,thecentralgovernmentsupportstheconstructionofStateKeyLaboratoryofQualityResearchinChineseMedicinesinMacaoandanexaminationcenterfortraditionalChinesemedicineinHongKong,andtheircooperationwithrelatedinstitutesintheChinesemainland,tomakequalitystandardsfortraditionalChinesemedicine.ThecentralgovernmentalsosupportstheconstructionofaserviceplatformfortraditionalChinesemedicine'soverseasregistrationbyGuangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialPark,whichisbasedinZhuhai,topromotethehealthcareindustryanddevelopmentoftraditionalChinesemedicineintheworld.Thehealthcarecooperationofthebayareahasstartedafewdaysaftertheissueoftheoutlinedevelopmentplan.TheHealthCommissionofGuangdongProvince,theFoodandHealthBureauofHongKongSARgovernmentandtheHealthBureauofMacaoSARgovernmentjointlysignedtheHongKong-MacauGreaterBayAreaHealthProtocolandinitiated62cooperationprojects.Theprotocolcoverssixparts,includingcooperationinthehigh-qualitymedicalresource,publichealthemergency,innovationintraditionalChinesemedicine,researchanddevelopment,andpersonneleducationandtraining.ThemedicalandhealthcarecooperationbetweenGuangdongandMacaohassetupanexamplefortheGreaterBayArea.In2011,Guangdong-MacaoTraditionalChineseMedicineScienceandTechnologyIndustrialParkwasofficiallylaunchedinZhuhai'sHengqinDistrict,adevelopmentzonejointlyestablishedbygovernmentsofbothsides.Theindustrialparkhasexpandedto300,000squaremetersandhostedover100pharmaceuticalandhealthcareenterprises.IreneWongKing,aHongKongbusinesswoman,hassetupatraditionalChinesemedicineenterpriseinMacaoforyears.Afterthelaunchingoftheindustrialpark,shemovedherMacaoUnipharmGroupintotheparkandexpandedthebusinesstothemainlandmarket."HongKongandMacaobothhavesignedrEconomicPartnershipArrangement(CEPA)withthemainland,mycompany'srawmaterialsandfinalproductsenjoyzerotariff,plusmanysupportingfacilitiesandpoliciesprovidedbytheindustrialpark,"shesaid.TheoutlinedevelopmentplanalsosupportsthecooperationbetweenMacaoandZhuhaitobuildmultifunctionalprojectsinHengqinDistrictforMacaopeopletoenjoyservicesuptoMacaostandards,suchaseducation,medicalcareandelderlycare.MacaolegislatorWongKitChengcommentedthatthemedicalandsocialcaresystemsinMacaoandthemainlandbothhavetheiradvantages.TheGreaterBayAreacouldsetupacertainmechanismofalliancetomergetheirsystemstocoverthewholeregion,andpromotethemedicalandsocialcareserviceforthepeopleintheregion.(XinhuareportersGuoXininMacao,ZhuYuxuaninHongKongandYinPenginShenzhenalsocontributedtothestory.)TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongProvince.(PhotobyZhangYouqiong/ForChinaDaily)The"OutlineDevelopmentPlan"forGuangdong-HongKong-MacaoGreaterBayArea,releasedrecently,aimstomaketheGBAaworldclassscienceandtechnologyinnovationcenter.ButhowcanGuangdongprovince,andtheHongKongandMacaospecialadministrativeregions,whichhavedifferentpoliticalsystemsand,toacertainextent,cultures,collaborateseamlesslytocreatesuchaninnovationcenterWebelievethatwhilethemarketwillbeakeydrivingforcefortheGBA'sdevelopment,thegovernmenthastoplaythekeyroleofcoordinatorandadministrativeguide.Themarketdoesplayavitalroleineconomicdevelopment,butavisionaryanddeterminedgovernmentisneededtosupplementthemarketandensurecoordinateddevelopment.First,agovernment-coordinatedplanwillpreventtheduplicationofinfrastructurefacilitiesandcut-throatcompetitionintheneighboringcities.Andmutualleveragingandinter-citycollaborationwillcreateadditionalvalueforallthethreeregionsgiventhenatureoftheirrespectiveeconomies.TheTokyoBayArea,too,facedasimilarchallenge,whichtheJapanesegovernmenttackledthroughacoordinatedplan.ThesameistruefortheSanFranciscoBayArea.Butinthelatter'scase,NGOssuchastheBayAreaCouncil,ratherthantheUnitedStatesfederalgovernment,helpedcoordinatecross-countyinfrastructureprojectssuchasrailwaysandportswiththesupportofthecountygovernments.Second,technologyandinnovationarevitalareasthegovernmentsofGuangdong,HongKongandMacaoshouldplayanimportantrolein.Theyshouldfundresearchinhighereducation,withoutwhichbuddingtalentscannotbetapped.Andsincetechnologicalinnovationprojectscarrygreatfinancialrisks,thegovernmentsshouldshoulderamajorpartofthoserisksbyactingasdefactoinsurers.Helpingentrepreneurstogetloansandprovidingthemwithfruitfuladvicearetwoareasinwhichthegovernmentsshouldplayacriticalrole.Bysodoing,theycanactasacatalystfortheGBA'seconomicgrowth.Financeisthebloodofanymodernenterprise,moresoforstart-ups.Butundertheexistingsystem,banksandfinancialinstitutionsintheGBAmaynotprovideloanstostart-upsbecausestart-upsareusually"lightinassets".Ofcourse,start-upscanreceivefundingfromventurecapitalcompanies.Butventurecapitalcompaniesusuallylookforveryhighreturnwithinafixedperiodoftime,whichnotallstart-upscanguarantee.Also,somejointventurecompaniesmaydemandequityinstart-upseitherintheformofconvertibleloansordirectequityinvestment,whichmanystart-upsmaynotagreetoforfearoflosingcontroloftheirbusinesses.Toovercomethesedifficulties,thegovernmentsofGuangdong,HongKongandMacaoshouldsupplementtheirsupportmodelssuchasgrants,incubationandindustryparksandtaxincentivesbyestablishingaplatformforfinancingwherethegovernmentshoulderssomeoftheriskandprovidesco-investment.Theycouldbeginbyprofessionallyassessingthedevelopmentopportunitiesandmarketpotentialofthecompanies,whichwillnotonlyhelpthestart-upstoovercometheirfinancialchallenges,butalsoinvestinemergingindustriesintheregion.Thegovernmentsshouldalsotreatcarefullywhenitcomestotakingmeasurestobridgetheoldindustrieswiththenewonesandprovideguidanceandincentivesforthetwotoworktogether.AttheendofthedaythegovernmentsandthemarketshouldnotberegardedastwoideologicallyopposingforcesfortheGBA.InarecentarticleinTheNewYorkTimes,JamalleBouiehaswritten:"Theinstitutionswhichprovidehealth,educationandwelfareservicesarewhollyexemptfromthemarket.Therighttoparticipateindirectmanagementoftheworkunitsoperatinginthemarketisderivedfromlabor.Therighttoparticipateindirectmanagementoftheworkunitsexemptwhollyorpartlyfromthemarketisderivedproportionallyfromlabor,ownership,andconsumptionoftheprovidedservicesandutilities."Theonlycomponent"whollyexemptfromthemarket"intheGBA'sinitialphaseshouldbegovernmentplanning,withoutwhichtheGBAcannotdevelopintoascienceandtechnologyinnovativecenter.WitmanHungisamemberoftheacademiccommitteeofChinaSilkRoadiValleyResearchInstitute;andLiangHaimingisthedeanofHainanUniversityBeltandRoadResearchInstituteandchairmanoftheChinaSilkRoadiValleyResearchInstitute.Theviewsdon'tnecessarilyrepresentthoseofChinaDaily.Special:TheZhuhaisectionoftheHongKong-Zhuhai-MacaoBridgeinGuangdongprovince.(PhotobyZhangYouqiong/ForChinaDaily)TheGuangdong-HongKong-MacaoGreaterBayAreawillfosterclosercollaborationandintegrationwithintheregion,anindustryofficialsaid.VincentLoHong-sui,chairmanoftheHongKongTradeandDevelopmentCouncil,said:"It(theGBA)isakeyconceptofmakingthemembersoftheregioncloser."AccordingtoLo,theregion'scurrentGDPisabout.5trillion,equivalenttothatofSouthKorea."HongKonghasafullagenda(foritsdevelopment)andweneedtoupgradeourowneconomy,notjustsimplyfocusonfinanceorrealestate.We(HK)needtoplayanintegratedrole,"saidLo,whoisalsothechairmanofHongKong-basedShuiOnGroup."HongKonghasneverbeenstrongintechnology,butwedohavesomeadvantagesthatcanworkwiththeecosystem,suchaswithcitieslikeShenzhenincommercializingthetechnologies."LowasspeakingonthesidelinesoftheBoaoForumforAsiaAnnualConference2019thisweekinSouthChina'sHainanprovince.ThetopicofthepanelsessionwasDialoguewithThinkers:InnovationandOpenness-NewVitalityofAsianEconomies.DigitaltechnologiespromoteintegrationandcooperationinAsia,saidKhorHoeEe,chiefeconomistoftheASEAN3MacroeconomicResearchOffice."Technologyisconnectivity.Themoreconnectivitywe(Asia)have,themorebenefitswillbegeneratedandthemoresynergywewillhave,"hesaid.TheASEAN3comprisesthe10AssociationofSoutheastAsianNations,andChina,JapanandSouthKorea.The10memberstatesofASEANareIndonesia,Thailand,Vietnam,Singapore,Malaysia,thePhilippines,Myanmar,Cambodia,LaosandBrunei.Asiawillcontinuetointegrate,Khoradded,notingtheglobalchallengeofprotectionism.Hesaidtherulesofthegamemustberesetforcountriesfromdifferentregionstoworktogetherinthenameofmultilateralism.EchoingKhor'sview,DiwakarGupta,vice-presidentforprivatesectorandcofinancingoperationsattheAsianDevelopmentBank,saidmultilateralcollaborationisimportantfortheregion."Collaboration,intheend,willnotbeharmful,"hesaid,callingoncountriestoworktogethertocreate"abiggerpie".Butastechnologywillleadtojobdisplacement,Guptasaidgovernmentsandcompaniesshouldthinkabouttheredistributionofprofitsforthepublicgood.JennyShipley,formerprimeministerofNewZealand,notedthechallengesofpublicpolicyintheageof5Gtechnology."Weneedto...getpasttheanxietyofsuspicionandgettheevidence,sothatthegovernmentcanconfidentlyevaluatetheinnovationandmakedecisions,"shesaid.CarlosGutierrez,chairmanofAlbrightStonebridgeGroup,astrategicadvisoryfirm,saidcompetitioninthefieldofnewdigitaltechnologieslike5Gshouldbeaboutcompaniesversuscompanies,insteadofgovernmentsagainstgovernments."Itshouldbeacommercialadvantageforcompanies,andthisishowbusinessworks,"saidGutierrez,aformersecretaryofcommerceoftheUnitedStates."Thetechnologyisgoingtobemadebycompanies,whetherpublicorprivate,butnotgovernments."

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