 18-Feb-19, HKTDC 

Hong Kong, traditionally a gateway bringing goods and people to and from Mainland China, is receiving a 21st-century makeover, transforming itself into a portal for data, finance, talents and services – as well as goods.

Image: HKTDC

And nothing highlights this makeover more clearly than the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) project, which unites the two special administrative regions with nine metropoles in Guangdong. This integration comes as enterprises in Guangdong seek to move up the value chain in the face of rising labour cost.

Labour productivity of Guangdong enterprises has risen almost three-fold from 2000 to 2017. The installation of more automated production lines has also helped raise the contribution from capital input to pre-tax profit. As Guangdong enterprises move up the value chain they adopt innovative technologies such as artificial intelligence (AI) and big data.

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