Hong Kong-Zhuhai-Macao Bridge sees growing imports, exports
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The import and export value of goods passing through the Hong Kong-Zhuhai-Macao Bridge’s Zhuhai port has exceeded 900 billion yuan (about 126.3 billion U.S. dollars), indicating that the mega transportation hub is becoming an important foreign trade channel for the Guangdong-Hong Kong-Macao Greater Bay Area, according to local customs.
The total trade volume from its opening in October 2018 to July 2024 reached 902.19 billion yuan, with the port sending and receiving goods to and from all 31 provinces, municipalities, and autonomous regions on the Chinese mainland.
According to customs statistics, it took two years for the Zhuhai port to accumulate the first 100 billion yuan of trade value, and another seven months to reach 200 billion yuan. The port’s latest 100 billion yuan just took five months.
The bridge has become a fast channel for the import and export of high-value goods, fresh products for Hong Kong and Macao, and cross-border e-commerce parcels. It has also become a comprehensive logistics hub that drives the rapid integration and development of logistics, capital flow, and information flow between the mainland and Hong Kong and Macao, according to customs.
Reference Link:- https://english.news.cn/20240827/7e432d41e54e4c908133dccf6a7d5582/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
