The sixth China International Import Expo (CIIE) is underway in Shanghai from November 5 to 10, highlighting China’s commitment to high-quality development as emphasized by President Xi Jinping. The Guangdong-Hong Kong-Macao Greater Bay Area stands as a testament to this progress, showcasing significant advancements in innovation and economic growth over the past five years.
The Greater Bay Area, integrating the Chinese mainland’s Guangdong Province with the Hong Kong and Macao special administrative regions, has become a hub for high-quality and innovative activities. Despite challenges posed by the COVID-19 pandemic, the region has achieved substantial improvements in living standards and economic stability.
As global businesses express interest in the region, concerns about legal systems and business security have been addressed through China’s ongoing legal modernization. Reforms aimed at enhancing legal oversight and establishing an impartial judiciary have been implemented, reinforcing confidence among international investors. President Xi Jinping noted in his report to the 20th National Congress that “the comprehensive advancement of law-based governance has been a profound revolution in China’s governance.”
China’s dedication to creating a favorable business environment through legal reforms and regional development initiatives like the Greater Bay Area demonstrates its vision for economic progress and global cooperation. By fostering understanding and collaboration, China aims to contribute to a peaceful and prosperous future for all.
Reference(s):
Top-notch leadership drives high-quality development forward
cgtn.com
