Greater Bay Area of China Registers Nearly $2 Trillion in Economic Output in 2023




The total economic production of the Guangdong-Hong Kong-Macau Greater Bay Area exceeded 14 trillion yuan (US$1.97 trillion) in 2023, accounting for 1/9 of China's total in less than 0.6% of the national territory, local officials reported.


Zhu Wei, deputy executive director of the Greater Bay Area office in Guangdong, stated that the total economic production had been 10.8 trillion yuan in 2018, and the past five years have witnessed an increase of 3.2 trillion yuan.


Meanwhile, the Greater Bay Area has seen improved scientific and technological innovation capacity, transportation network, more facilitating platforms, and a better business environment, Zhu said.



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