Macau, China, 4 Sept – The chairman of the Macau Institute for Promotion of Trade and Investment (Ipim) said. Thursday that the special administrative regions of China – Macau and Hong Kong – and the neighbouring province of Guangdong had decided to launch an association to promote cooperation between businesspeople, with a view to boosting regional economic development.
Lee Peng Hong said that “based on the guidelines of the Development Plan of the Pearl River Delta and at the initiative of the Guangdong authorities, over the next few days an association will be set up that aims for cooperation between businesspeople in the three regions.
The chairman of IPIM also said that “the association that will be created next week is a good example of the fact that the aim of cooperation on three sides is to be fulfilled, not only publicly, but also in the private sector.”
China plans to transform the Pearl River Delta region into one of the most competitive economic blocks in Asia-Pacific by 2020.
With this in mind Beijing has drawn up a development plan for the region that aims to boost cooperation between Macau, Hong Kong and Guangdong in order to promote joint development.
The plan points to Macau as a centre for entertainment and leisure, Hong Kong as a financial centre and Guangdong as an industrial and commercial centre.
The Pearl River Delta is already the third largest metropolitan area in the world, exceeded only by New York and Tokyo. (macauhub)