Greater Bay Area possesses fundamental conditions for world-class city cluster

The Guangdong-Hong Kong-Macao Greater Bay Area, with a marked increase in its economic strength and regional competitiveness, already possesses the fundamental conditions for developing into an international first-class bay area and a world-class city cluster, says the outline development plan.

Such foundation of development is made up of distinctive geographical advantages, robust economic strength, high concentration of key factors of innovation, advanced level of internationalization and solid cooperation foundations, the plan says.

The plan also notes the opportunities and challenges for the development and stresses the plan's significance.