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 KasanAtpōplree,gIniotenl aonfdJAaplpahna,bient.cTluhdeinBagytAhreea GBA New York San Greater
ToiskyaolsoMheotmroeptoolitsh,easewcoenlldahsigthespt creofneccetnutrreatoiofnYaofmFaonrtausnhei
of50th0econmepigahnibeos rinintgheCUhSū, bseucornedgioonnly. tAosthteheNefwocYaolrkpoint Metropolitan Francisco Tokyo
ofmJeatproapno’sliteacnoanroeam. 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 Kantō region of Japan, including the Tokyo Metropolis, (‘000 世界领先湾区
sq.km.)
TeaiCscshDthūwhnubeeuolahllraoloesmggFtieyhooeno&c.fpuAhIrneessfanteevhocysetvuifanriotdenciuaooslfFntpYrioyanimngatiaaonnnfatcsJsiahsapui oalcfnhS’tsaheseecrMnovientiisogcumhbebyissohtrhiian,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 粤港澳1大.4 湾区0与.7世6 界其1他.8 主要湾区的对
on the global economy. However, the Government has
high hopes for the GBA to become one of the first high- (USD t) 大湾区政府文件的一个显著特征就是其宏伟目
income metropolitan areas in China. With Government
support, the existing comparative advantage of GDP per 19,400 比肩6其9,0他00著名湾99区,00城0市4群1，,00包0括美国的纽约都
constituent cities may position the GBA to become capita 10.8 旧金山湾区，以及日本的东京大湾区。这些湾
both a financial and a technology hub. The dual focuses (USD) 群全部是7.7拥有其区4域.4优势的41世.0界领先的中心：
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 纽约都会区包括纽约市、长岛、纽约州的哈德
economic output comparable to the Greater Tokyo (%) 分地区、新泽西州的五大城市及康涅狄格州的
Area by 2020, and surpassing both the San Francisco 市。该8区9.4是世界最82大.8的金融82中.3心，华尔街上坐
Bay Area and New York Metropolitan Area with GDP at % of 大的证券市场，此外，摩根士丹利、高盛、花
US$2.2 trillion in 2030. tertiary
industry
Other Megacities in China
Number 17 根大通的23总部亦坐1落3于此。38
Together with Beijing-Tianjin-Hebei integration
6 (JiGnuganjigndjoin)ga-HnodngtKhoengY-MaancgautzGereRatievreBrayEAcorena o– Wmeillc-pBoieseldt f(oYrRsuEcBce)s1s of Fortune 旧金山湾区是加利福尼亚州北部的大都会区，
Global 500 金山、圣帕勃罗和水逊湾四周九个县市。该区
– which were called China’s “three main initiatives” HQs
along with the BRI in the 2015 Government Work
Report – the GBA is expected to become one of the 科技中心，苹果、英特尔和谷歌母公司Alpha
top development priorities at the national level. SNNoooutertc:eeC::uCGrruuearnnrtgeGdnDotnPgGin-HDUoPSnDginKasoUnogfS-2DM0a1技ac6aso巨oGfr头e2a0t总e1r6B部ay坐Are落a Fo于ru该m 区的硅谷。此外，该湾区
Specifically, Jingjinji, the delta of the Yangtze River, and
the GBA will form megacities at the top level of China’s Source: Guangdong-Hon全g美Ko第ng二-M多a的ca《o 财Gr富ea》ter50Ba0y强企业总部，仅次
urbanization blueprint. In each of them, favourable and Area Forum
forward looking policies will be launched to ease the 都会区。
“urban ills” of big cities such as congested roads, high
housing costs, severe pollution and substandard living of various functions of 东th京e c大ap湾it区al.是W全hi世le界th人e Y口an最g多tze的大城市区，涵
environment. These regions are, in turn, expected to River Delta is a manufa东ct京ur都ing在h内u的b t日ha本t 关tra东di地tio区na的lly8个县市，以及
drive China’s productivity growth with support from is more focused on th中e d部o地m区es的tic山m梨ar县ke。t,作th为e 日Pe本ar经l 济的核心区，
leadership and become leaders in China’s next stage River Delta has long bee集n 了Ch三in菱a’s、ga本te田wa和y日to产th等e 重wo工rld业巨头以及38家
of development. A closer look at these regions shows with a strong export se富cto》r.5T0h0e强sh企ar业e o的f 总SO部Es。in 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’s 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 KasanAtpōplree,gIniotenl aonfdJAaplpahna,bient.cTluhdeinBagytAhreea GBA New York San Greater
ToiskyaolsoMheotmroeptoolitsh,easewcoenlldahsigthespt creofneccetnutrreatoiofnYaofmFaonrtausnhei
of50th0econmepigahnibeos rinintgheCUhSū, bseucornedgioonnly. tAosthteheNefwocYaolrkpoint Metropolitan Francisco Tokyo
ofmJeatproapno’sliteacnoanroeam. 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 Kantō region of Japan, including the Tokyo Metropolis, (‘000 世界领先湾区
sq.km.)
TeaiCscshDthūwhnubeeuolahllraoloesmggFtieyhooeno&c.fpuAhIrneessfanteevhocysetvuifanriotdenciuaooslfFntpYrioyanimngatiaaonnnfatcsJsiahsapui oalcfnhS’tsaheseecrMnovientiisogcumhbebyissohtrhiian,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 粤港澳1大.4 湾区0与.7世6 界其1他.8 主要湾区的对
on the global economy. However, the Government has
high hopes for the GBA to become one of the first high- (USD t) 大湾区政府文件的一个显著特征就是其宏伟目
income metropolitan areas in China. With Government
support, the existing comparative advantage of GDP per 19,400 比肩6其9,0他00著名湾99区,00城0市4群1，,00包0括美国的纽约都
constituent cities may position the GBA to become capita 10.8 旧金山湾区，以及日本的东京大湾区。这些湾
both a financial and a technology hub. The dual focuses (USD) 群全部是7.7拥有其区4域.4优势的41世.0界领先的中心：
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 纽约都会区包括纽约市、长岛、纽约州的哈德
economic output comparable to the Greater Tokyo (%) 分地区、新泽西州的五大城市及康涅狄格州的
Area by 2020, and surpassing both the San Francisco 市。该8区9.4是世界最82大.8的金融82中.3心，华尔街上坐
Bay Area and New York Metropolitan Area with GDP at % of 大的证券市场，此外，摩根士丹利、高盛、花
US$2.2 trillion in 2030. tertiary
industry
Other Megacities in China
Number 17 根大通的23总部亦坐1落3于此。38
Together with Beijing-Tianjin-Hebei integration
6 (JiGnuganjigndjoin)ga-HnodngtKhoengY-MaancgautzGereRatievreBrayEAcorena o– Wmeillc-pBoieseldt f(oYrRsuEcBce)s1s of Fortune 旧金山湾区是加利福尼亚州北部的大都会区，
Global 500 金山、圣帕勃罗和水逊湾四周九个县市。该区
– which were called China’s “three main initiatives” HQs
along with the BRI in the 2015 Government Work
Report – the GBA is expected to become one of the 科技中心，苹果、英特尔和谷歌母公司Alpha
top development priorities at the national level. SNNoooutertc:eeC::uCGrruuearnnrtgeGdnDotnPgGin-HDUoPSnDginKasoUnogfS-2DM0a1技ac6aso巨oGfr头e2a0t总e1r6B部ay坐Are落a Fo于ru该m 区的硅谷。此外，该湾区
Specifically, Jingjinji, the delta of the Yangtze River, and
the GBA will form megacities at the top level of China’s Source: Guangdong-Hon全g美Ko第ng二-M多a的ca《o 财Gr富ea》ter50Ba0y强企业总部，仅次
urbanization blueprint. In each of them, favourable and Area Forum
forward looking policies will be launched to ease the 都会区。
“urban ills” of big cities such as congested roads, high
housing costs, severe pollution and substandard living of various functions of 东th京e c大ap湾it区al.是W全hi世le界th人e Y口an最g多tze的大城市区，涵
environment. These regions are, in turn, expected to River Delta is a manufa东ct京ur都ing在h内u的b t日ha本t 关tra东di地tio区na的lly8个县市，以及
drive China’s productivity growth with support from is more focused on th中e d部o地m区es的tic山m梨ar县ke。t,作th为e 日Pe本ar经l 济的核心区，
leadership and become leaders in China’s next stage River Delta has long bee集n 了Ch三in菱a’s、ga本te田wa和y日to产th等e 重wo工rld业巨头以及38家
of development. A closer look at these regions shows with a strong export se富cto》r.5T0h0e强sh企ar业e o的f 总SO部Es。in 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’s 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
