Overseas people are optimistic that Guangdong, Hong Kong, Macao and Dawan District play an important

With more than 80 million people, the country's GDP of 12% was created in 2020. The vigorous development of Guangdong, Hong Kong, Macao and Dawan district shows the great potential of China's economy; The total population of the members is 2.27 billion, and GDP accounts for about one third of the global total. The regional comprehensive economic partnership agreement (RCEP) is building the largest free trade zone in the world.

Geographical advantages and complementary structures... Overseas analysts generally believe that, relying on China's large-scale economy and abundant resources, it is facing the huge market in East Asia and Southeast Asia. Guangdong, Hong Kong, Macao and Dawan district will play an important role in the future under the framework of RCEP, promote the vigorous development of the Bay area economy and promote regional connectivity.

Li Shili, Professor of international business, Moore School of business, University of South Carolina, believes that Guangdong, Hong Kong, Macao and Dawan district are geographically close to most RCEP members, which not only facilitates foreign goods entering the Chinese market, but also provides assistance for China's product export, and is expected to become the core hub of RCEP, and better promote the construction of a new development pattern of China's domestic and international double cycle.

Liu Ziyang, a professor at the University of Jingji, told Xinhua news agency that RCEP takes trade liberalization and facilitation as its primary task. After the agreement comes into force, RCEP will greatly reduce tariff and non-tariff barriers, improve the free flow of production factors and commodities in the region, and promote the two-way investment between Guangdong, Hong Kong, Macao, Dawan district and RCEP, and promote more local enterprises to go abroad, It will also attract more foreign investment into the Dawan district.

Liu said that the industrial advantages and competitiveness advantages of RCEP countries are different, including advanced manufacturing countries and labor-intensive industries. Guangdong, Hong Kong, Macao and Dawan district should give full play to comparative advantages and market advantages, and establish new industrial clusters based on traditional industries such as electronic information product manufacturing and processing, and promote mutually beneficial cooperation of regional economy.

Hu Yishan, chief consultant of the Malaysian Pacific Research Center, told Xinhua that Guangdong, Hong Kong, Macao and Dawan district are expected to become an important financial and Innovation Hub in RCEP. Hu said that the Pearl River Delta region in Guangdong had the advantages of manufacturing industry, and the rapid development in the field of high-tech innovation in recent years, which presented great opportunities. We hope that Guangdong, Hong Kong, Macao and Dawan district will provide good living conditions, attract global talents and truly realize the long-term economic development of the bay area.

According to Lin Wanfeng, Deputy Minister of the Ministry of international trade and industry of Malaysia, Guangdong, Hong Kong, Macao and Dawan district has obvious geographical advantages. On the basis of "world factory" in the fields of electronics, communication and automobile, high-end scientific and technological fields such as finance, green technology, artificial intelligence, big data and automation machinery are gathered.

Yang Baoyun, Professor of Biri Pannon Rong International College of Thailand University of law and political affairs, said that Guangdong, Hong Kong, Macao and Dawan district can not only play an important role in China ASEAN cooperation, but also an important part of the global supply chain layout.

Yang Baoyun said that under one of the "one belt, one road" initiative, the Guangdong Bay area and the Southeast Asian region have a good foundation and demand for promoting infrastructure interconnection and transportation infrastructure construction. In addition, the economic structure and development status determine that there is a strong complementarity between Guangdong, Hong Kong, Macao, Dawan region and ASEAN economies, and there is a wide space for cooperation（ Reporter: Wang Yaguang, panlijun, Lu Rui, Linhao)

Source: Linyi Council for the promotion of international trade