A Guangdong-Hong Kong-Macao Greater Bay Area global investment promotion fair was recently held in Nansha district of Guangzhou, Guangdong province.

More than 60 well-known cross-border enterprises took part in the event and cast their vote of confidence in the future development of the Greater Bay Area.

The Greater Bay Area covers an area of 56,000 square kilometers and involves nine cities in the Pearl River Delta in Guangdong. With a population of 86 million, it is one of China's most open and economically dynamic regions.

In recent years, the Chinese government has introduced a series of major policies to support the development of the Greater Bay Area, including establishing three major cooperation platforms in Hengqin, Qianhai, and Nansha. These policies aim to promote turning the Greater Bay Area into a high-tech and industrial hub.

In 2021, the Greater Bay Area, with less than 1% of the national land area and 5% of the total population, generated 12% of the national economic aggregate. Guangdong is the largest part of the Greater Bay Area, and has long been a popular investment destination for global enterprises.

Boasting some of the world's most advanced industrial and supply chains, Guangdong's gross domestic product was 12.4 trillion yuan ($1.8 trillion) in 2021. And with a high degree of opening-up, the actual utilization of foreign investment in the province exceeded 180 billion yuan.