On August 13th, Guangzhou University and Social Sciences Academic Press (China) jointly released the "Blue Book of Guangdong-Hong Kong-Macao Greater Bay Area: Report on Reform and Innovation of Guangdong-Hong Kong-Macao Greater Bay Area in China (2024)". The Blue Book points out that the Guangdong-Hong Kong-Macao Greater Bay Area’s (GBA) economic growth is expected to remain above 5.0% in 2024.

According to the Blue Book, in 2023, the GBA overcame multiple challenges and achieved economic recovery and growth, with the total economic output exceeding 14 trillion yuan.

Fixed asset investment in nine cities in Guangdong achieved a slight increase, and Hong Kong and Macao recovered rapidly. Consumption in the GBA recovered in an all-round way, sales of upgraded goods in nine cities in Guangdong grew rapidly, and private consumption in Hong Kong and Macao was strong. Foreign trade overcame the difficulties of weak external demand, maintained overall resilience, and the trade surplus hit a record high. The recovery in economic growth has led to an increase in fiscal and taxation revenue. The fiscal revenue of all cities in the GBA has achieved varying degrees of growth, and the overall fiscal deficit of the GBA has decreased by 1.24 percentage points compared with the previous year. The financial industry has achieved steady development. The balance of deposits and loans has increased year by year since 2018, but the growth rate dropped slightly in 2023.

Looking ahead to 2024, the Blue Book believes that the global economy is expected to start a new cycle, China's economic growth rate will gradually converge to potential levels, external demand in the GBA will recover as a whole, the foundation for the recovery of household consumption will continue to be consolidated, and investment in infrastructure and manufacturing will support investment growth rate to remain steady.

In addition, with the strengthening economic growth momentum in Hong Kong and Macao, the overall economy of the GBA is expected to achieve the economic growth target of more than 5%.

Source :Lingnan on the Cloud

2024年大湾区经济增长有望保持在5.0%以上

8月13日，广州大学与社会科学文献出版社联合发布了《粤港澳大湾区蓝皮书：中国粤港澳大湾区改革创新报告（2024）》。蓝皮书指出，2024年粤港澳大湾区经济增长有望保持在5.0%以上。

根据蓝皮书，2023年粤港澳大湾区克服多重挑战，实现了经济的恢复式增长，经济总量突破14万亿元。

粤九市固定资产投资实现小幅增长，港澳快速恢复。大湾区消费全面复苏，粤九市升级类商品销售较快增长，港澳私人消费强劲。外贸克服外需疲弱困难，整体保持韧性，贸易顺差创历史新高。经济恢复性增长带动财税增收，大湾区各城市财政收入均实现不同幅度增长，大湾区整体财政赤字较上年下降了1.24个百分点。金融业实现稳健发展，存贷款余额自2018年以来逐年增长但2023年增速略有回落。

展望2024年，蓝皮书认为，全球经济有望开启新周期，我国经济增速会逐渐向潜在水平收敛，大湾区外需整体恢复，居民消费的恢复基础将不断巩固，基建和制造业投资将支撑投资增速保持稳健。

同时，随着港澳地区经济增长动能不断加强，预计大湾区整体经济有望实现5%以上的经济增长目标。

文｜记者 王莉
图｜主办方提供
译｜赵凡
英文审校｜邹晓华