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Analysis and Countermeasures on the Development Trend of Guangdong-Hong Kong Trade

In: Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024)

Author

Listed:
  • Menglin He

    (Beijing Institute of Technology, Zhuhai Campus)

  • Hangxu Zuo

    (Beijing Institute of Technology, Zhuhai Campus)

  • Wenda Li

    (Beijing Institute of Technology, Zhuhai Campus)

  • Yi Wang

    (Beijing Institute of Technology, Zhuhai Campus)

  • Yumin Li

    (Beijing Institute of Technology, Zhuhai Campus)

Abstract

By analyzing Guangdong-Hong Kong trade data from 2014 to 2023, this paper reveals that despite a decline in the proportion of Guangdong's foreign trade against the backdrop of global economic shifts and the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the role of Guangdong-Hong Kong trade as a key link in regional cooperation remains significant. In the face of challenges, this paper proposes four strategies to promote the development of Guangdong-Hong Kong trade: market diversification, collaborative optimization of industrial chains, development of cross-border e-commerce, and innovation and upgrading of service trade. Through technological advancement, industrial structure adjustment, and strengthening connections with emerging markets, Guangdong and Hong Kong together enhance industry docking, create an efficient and convenient e-commerce environment, and achieve deep integration and cross-border linkage in the modern service industry. This paper has certain reference value for promoting the development of Guangdong-Hong Kong trade and deepening cooperation and exchanges between the two places.

Suggested Citation

  • Menglin He & Hangxu Zuo & Wenda Li & Yi Wang & Yumin Li, 2024. "Analysis and Countermeasures on the Development Trend of Guangdong-Hong Kong Trade," Advances in Economics, Business and Management Research, in: Radulescu Magdalena & Bootheina Majoul & Satya Narayan Singh & Abdul Rauf (ed.), Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), pages 901-908, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-459-4_100
    DOI: 10.2991/978-94-6463-459-4_100
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