The 2024 Global Business Fair in the Guangdong-Hong Kong-Macao Greater Bay Area was held in Guangzhou, Guangdong Province in early November, with more than 1,900 deals with a combined value of 2.26 trillion yuan (US$322.9b) inked, a record high compared to the previous two fairs.
Hosted by the local governments of Guangdong, Hong Kong and Macao, the fair aims to promote trade and business cooperation within the Greater Bay Area and with neighboring regions and countries, especially those involved in the Belt and Road Initiative.
The fair saw attendance from many industry leaders, including 430 representatives from the World’s Top Fortune 500 companies. There was great interest in what the Chinese government calls the “new quality productive forces” of AI, energy storage, clean energy and the low-altitude economy.
The fair exhibited the achievements of cooperation between Guangdong, Hong Kong and Macao and for the first time invited experts to speak on their experience. Zhang Jingsong, director of Guangdong’s provincial commerce bureau told media that 77.6 percent of the 731 investment projects signed at the 2022 fair and 78 percent of the 824 investment projects reached at the 2023 fair are already in progress.
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