Page 84 - 2019 White Paper on the Business Environment in China
P. 84
with the largest stock markets in Wall Street, and it has the tank in China, the GBA is expected to achieve total economic
headquarters of Morgan Stanley, Goldman Sachs, Citi and JP output comparable to the Greater Tokyo Area by 2020, and
2019 WhMiteoPrgapaenr Conhathsee.Business Environment in China surpassing both the San Francisco Bay Area and New York
Metropolitan Area with GDP at USD2.2t in 2030.
The San Francisco Bay Area is a region of nine counties
FFiiggur3eG3B|AGvBsA. ovths.erotmhaerjomr baajoyrabraeya amreeagamceitgieascities
mGIesreteusittarsrurtooaaeurprtineeoTcdsolhiiniktncgayetnothnheteaAenrrrSoeewaraantit,hhiFemnrSraneintlihacpcinoeasnrwctwoVho,oafiSllrtelaelhn,dyei,PsbUacetSboihnlsnoegtsaahmitnosedtmooiSsneftugCtiposauooltinfefpocuerhnilogiauh. st
prpeofwecetruhoreusseisnstuhceh KasanAtp?plree,gIniotenl aonfdJAaplpahna,bient.cTluhdeinBagytAhreea GBA New York San Greater
ToiskyaolsoMheotmroeptoolitsh,easewcoenlldahsigthespt creofneccetnutrreatoiofnYaofmFaonrtausnhei
of50th0econmepigahnibeos rinintgheCUhSÅ«, bseucornedgioonnly. tAosthteheNefwocYaolrkpoint Metropolitan Francisco Tokyo
ofmJeatproapno??liteacnoanroeam. y this is the home of heavy industry
giTahnetsGrseuactheraTsokMyoitAsurebai,shmie, aHnownhdilea,, iasnthdeNmiossat npo, paunldoutshe Area Bay Area Area
hommeterotpoo3li8taFnoarrteuanienGthloebwaolr5ld0,0cocnosmisptianngioefs.eight prefectures
Size 56.1 17.4 17.9 36.8
in the Kant? region of Japan, including the Tokyo Metropolis, (??000 ä¸??é¢??æ¹¾å?
sq.km.)
TeaiCscshDthūwhnubeeuolahllraoloesmggFtieyhooeno&c.fpuAhIrneessfanteevhocysetvuifanriotdenciuaooslfFntpYrioyanimngatiaaonnnfatcsJsiahsapui oalcfnhS??saheseecrMnovientiisogcumhbebyissohtrhiian,isgn d
Population 68.0 23.4 7.2 43.5
Honda, and Nissan, and the home to 38 Fortune Global 500
(m)
coCmopmanpiaesre. d to these area, the GBA still lags behind
in terms of its GDP per capita, as well as its influence GDP 1.3 粤港æ¾?1å¤?.4 æ¹¾å?0ä¸?.7ä¸?6 ???1ä»?.8 主è?æ¹¾å????
on the global economy. However, the Government has
high hopes for the GBA to become one of the first high- (USD t) 大湾?ºæ?åº??件ç?ä¸?ä¸?????å¾?°±???å®????
income metropolitan areas in China. With Government
support, the existing comparative advantage of GDP per 19,400 æ¯??6??9,0ä»?00???æ¹?99??,00??0å¸?4ç¾?1ï¼?,00??0????½ç?纽约??
constituent cities may position the GBA to become capita 10.8 ?§é?山湾?ºï?以å??¥æ????äº?¤§æ¹¾å????äº?¹¾
both a financial and a technology hub. The dual focuses (USD) 群å??¨æ?7.7?¥æ??¶å?4??.4ä¼????41ä¸?.0??????ä¸??ï¼?
are expected to be a catalyst for fast catching up.
Specifically, according to estimates by the China Center GDP share
for International Economic Exchange, a leading think
tank in China, the GBA is expected to achieve total of country 65.2 纽约?½ä??ºå???º½çº?????å²???º½çº?????å¾?
economic output comparable to the Greater Tokyo (%) ????ºã???泽西å·??äº?¤§?????º·æ¶???¼å???
Area by 2020, and surpassing both the San Francisco �???8??9.4??????82�.8?????82�.3�????�???
Bay Area and New York Metropolitan Area with GDP at % of 大ç?è¯??å¸??ï¼??å¤???©æ?å£?¸¹?©ã????????
US$2.2 trillion in 2030. tertiary
industry
Other Megacities in China
Number 17 ?¹å¤§???23?»é?äº??1??3äº????38
Together with Beijing-Tianjin-Hebei integration
6 (JiGnuganjigndjoin)ga-HnodngtKhoengY-MaancgautzGereRatievreBrayEAcorena o?? Wmeillc-pBoieseldt f(oYrRsuEcBce)s1s of Fortune ?§é?山湾?ºæ????ç¦?°¼äº???????¤§?½ä??ºï?
Global 500 ??±±???å¸??ç½??æ°´é??¹¾???ä¹?¸ª?¿å??????
?? which were called China?? ??hree main initiatives?? HQs
along with the BRI in the 2015 Government Work
Report ?? the GBA is expected to become one of the ç§??ä¸??ï¼????????¹å???°·æ?????Alpha
top development priorities at the national level. SNNoooutertc:eeC::uCGrruuearnnrtgeGdnDotnPgGin-HDUoPSnDginKasoUnogfS-2DM0a1??ac6asoå·?Gfrå¤?2a0t??1r6B??y??re?? Foäº?uè¯? ?ºç?ç¡?°·???å¤??该湾??
Specifically, Jingjinji, the delta of the Yangtze River, and
the GBA will form megacities at the top level of China?? Source: Guangdong-Hon??ç¾?oç¬?gäº?-Må¤???a?? è´?rå¯?a??er50Ba0y强ä?ä¸??»é?ï¼??æ¬?
urbanization blueprint. In each of them, favourable and Area Forum
forward looking policies will be launched to ease the ?½ä??ºã??
??rban ills?? of big cities such as congested roads, high
housing costs, severe pollution and substandard living of various functions of ä¸?häº? cå¤?pæ¹?t??l.????iä¸?e??häº? Y??n??gå¤?ze??¤§????ºï?æ¶?
environment. These regions are, in turn, expected to River Delta is a manufaä¸?täº?r??ng?????? t??a?? ??raä¸?i??io??a??ly8ä¸??å¸??以å?
drive China?? productivity growth with support from is more focused on thä¸? d??????s??icå±?æ¢?r??e??,ä½?hä¸? ??e??rç»? æµ???¸å??ºï?
leadership and become leaders in China?? next stage River Delta has long bee?? äº?hä¸?n??????a??e??a????oäº?hç? ??oå·?ldä¸?·¨å¤´ä»¥??38å®?
of development. A closer look at these regions shows with a strong export se�to??.5T0h0e�h�r� o?? ??O??s??n total
very different characteristics. Jingjinji, which includes industrial revenues, in addition, were more than 36% in
the Xiongan New Area, is tasked with the relocation Shanghai but less than 14% in Guangdong in 2016.
1 YREB includes Shanghai, Zhejiang, Jiangsu and Anhui; Jingjinji includes Long-time Leader in Economic Reform
Beijing, Tianjin and Hebei; as of 2016
The GBA is China?? most dynamic, open, market-oriented
and innovative region, according to an The Economist
special report, A China that works ?? What the country can
learn from the Pearl River Delta in 20172. In the development
plan, the emphases of the GBA are to bring:
?? Further integration in both physical and regulatory
infrastructures to connect the cities together and create a
big and unified market
?? World-leading technology and financial services hubs
2 A China that works ?? What the country can learn from the Pearl River
Delta, The Economist, www.economist.com/special-report/2017/04/08/
whatchina- can-learn-from-the-pearl-river-delta.
84
headquarters of Morgan Stanley, Goldman Sachs, Citi and JP output comparable to the Greater Tokyo Area by 2020, and
2019 WhMiteoPrgapaenr Conhathsee.Business Environment in China surpassing both the San Francisco Bay Area and New York
Metropolitan Area with GDP at USD2.2t in 2030.
The San Francisco Bay Area is a region of nine counties
FFiiggur3eG3B|AGvBsA. ovths.erotmhaerjomr baajoyrabraeya amreeagamceitgieascities
mGIesreteusittarsrurtooaaeurprtineeoTcdsolhiiniktncgayetnothnheteaAenrrrSoeewaraantit,hhiFemnrSraneintlihacpcinoeasnrwctwoVho,oafiSllrtelaelhn,dyei,PsbUacetSboihnlsnoegtsaahmitnosedtmooiSsneftugCtiposauooltinfefpocuerhnilogiauh. st
prpeofwecetruhoreusseisnstuhceh KasanAtp?plree,gIniotenl aonfdJAaplpahna,bient.cTluhdeinBagytAhreea GBA New York San Greater
ToiskyaolsoMheotmroeptoolitsh,easewcoenlldahsigthespt creofneccetnutrreatoiofnYaofmFaonrtausnhei
of50th0econmepigahnibeos rinintgheCUhSÅ«, bseucornedgioonnly. tAosthteheNefwocYaolrkpoint Metropolitan Francisco Tokyo
ofmJeatproapno??liteacnoanroeam. y this is the home of heavy industry
giTahnetsGrseuactheraTsokMyoitAsurebai,shmie, aHnownhdilea,, iasnthdeNmiossat npo, paunldoutshe Area Bay Area Area
hommeterotpoo3li8taFnoarrteuanienGthloebwaolr5ld0,0cocnosmisptianngioefs.eight prefectures
Size 56.1 17.4 17.9 36.8
in the Kant? region of Japan, including the Tokyo Metropolis, (??000 ä¸??é¢??æ¹¾å?
sq.km.)
TeaiCscshDthūwhnubeeuolahllraoloesmggFtieyhooeno&c.fpuAhIrneessfanteevhocysetvuifanriotdenciuaooslfFntpYrioyanimngatiaaonnnfatcsJsiahsapui oalcfnhS??saheseecrMnovientiisogcumhbebyissohtrhiian,isgn d
Population 68.0 23.4 7.2 43.5
Honda, and Nissan, and the home to 38 Fortune Global 500
(m)
coCmopmanpiaesre. d to these area, the GBA still lags behind
in terms of its GDP per capita, as well as its influence GDP 1.3 粤港æ¾?1å¤?.4 æ¹¾å?0ä¸?.7ä¸?6 ???1ä»?.8 主è?æ¹¾å????
on the global economy. However, the Government has
high hopes for the GBA to become one of the first high- (USD t) 大湾?ºæ?åº??件ç?ä¸?ä¸?????å¾?°±???å®????
income metropolitan areas in China. With Government
support, the existing comparative advantage of GDP per 19,400 æ¯??6??9,0ä»?00???æ¹?99??,00??0å¸?4ç¾?1ï¼?,00??0????½ç?纽约??
constituent cities may position the GBA to become capita 10.8 ?§é?山湾?ºï?以å??¥æ????äº?¤§æ¹¾å????äº?¹¾
both a financial and a technology hub. The dual focuses (USD) 群å??¨æ?7.7?¥æ??¶å?4??.4ä¼????41ä¸?.0??????ä¸??ï¼?
are expected to be a catalyst for fast catching up.
Specifically, according to estimates by the China Center GDP share
for International Economic Exchange, a leading think
tank in China, the GBA is expected to achieve total of country 65.2 纽约?½ä??ºå???º½çº?????å²???º½çº?????å¾?
economic output comparable to the Greater Tokyo (%) ????ºã???泽西å·??äº?¤§?????º·æ¶???¼å???
Area by 2020, and surpassing both the San Francisco �???8??9.4??????82�.8?????82�.3�????�???
Bay Area and New York Metropolitan Area with GDP at % of 大ç?è¯??å¸??ï¼??å¤???©æ?å£?¸¹?©ã????????
US$2.2 trillion in 2030. tertiary
industry
Other Megacities in China
Number 17 ?¹å¤§???23?»é?äº??1??3äº????38
Together with Beijing-Tianjin-Hebei integration
6 (JiGnuganjigndjoin)ga-HnodngtKhoengY-MaancgautzGereRatievreBrayEAcorena o?? Wmeillc-pBoieseldt f(oYrRsuEcBce)s1s of Fortune ?§é?山湾?ºæ????ç¦?°¼äº???????¤§?½ä??ºï?
Global 500 ??±±???å¸??ç½??æ°´é??¹¾???ä¹?¸ª?¿å??????
?? which were called China?? ??hree main initiatives?? HQs
along with the BRI in the 2015 Government Work
Report ?? the GBA is expected to become one of the ç§??ä¸??ï¼????????¹å???°·æ?????Alpha
top development priorities at the national level. SNNoooutertc:eeC::uCGrruuearnnrtgeGdnDotnPgGin-HDUoPSnDginKasoUnogfS-2DM0a1??ac6asoå·?Gfrå¤?2a0t??1r6B??y??re?? Foäº?uè¯? ?ºç?ç¡?°·???å¤??该湾??
Specifically, Jingjinji, the delta of the Yangtze River, and
the GBA will form megacities at the top level of China?? Source: Guangdong-Hon??ç¾?oç¬?gäº?-Må¤???a?? è´?rå¯?a??er50Ba0y强ä?ä¸??»é?ï¼??æ¬?
urbanization blueprint. In each of them, favourable and Area Forum
forward looking policies will be launched to ease the ?½ä??ºã??
??rban ills?? of big cities such as congested roads, high
housing costs, severe pollution and substandard living of various functions of ä¸?häº? cå¤?pæ¹?t??l.????iä¸?e??häº? Y??n??gå¤?ze??¤§????ºï?æ¶?
environment. These regions are, in turn, expected to River Delta is a manufaä¸?täº?r??ng?????? t??a?? ??raä¸?i??io??a??ly8ä¸??å¸??以å?
drive China?? productivity growth with support from is more focused on thä¸? d??????s??icå±?æ¢?r??e??,ä½?hä¸? ??e??rç»? æµ???¸å??ºï?
leadership and become leaders in China?? next stage River Delta has long bee?? äº?hä¸?n??????a??e??a????oäº?hç? ??oå·?ldä¸?·¨å¤´ä»¥??38å®?
of development. A closer look at these regions shows with a strong export se�to??.5T0h0e�h�r� o?? ??O??s??n total
very different characteristics. Jingjinji, which includes industrial revenues, in addition, were more than 36% in
the Xiongan New Area, is tasked with the relocation Shanghai but less than 14% in Guangdong in 2016.
1 YREB includes Shanghai, Zhejiang, Jiangsu and Anhui; Jingjinji includes Long-time Leader in Economic Reform
Beijing, Tianjin and Hebei; as of 2016
The GBA is China?? most dynamic, open, market-oriented
and innovative region, according to an The Economist
special report, A China that works ?? What the country can
learn from the Pearl River Delta in 20172. In the development
plan, the emphases of the GBA are to bring:
?? Further integration in both physical and regulatory
infrastructures to connect the cities together and create a
big and unified market
?? World-leading technology and financial services hubs
2 A China that works ?? What the country can learn from the Pearl River
Delta, The Economist, www.economist.com/special-report/2017/04/08/
whatchina- can-learn-from-the-pearl-river-delta.
84
