The above data reflects a number of characteristics in trade relations between Hong Kong and the mainland:
First, for many years, the value of trade between Guangdong province and Hong Kong has been far outpacing other provinces, municipalities and autonomous regions. This shows that serving the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is Hong Kong’s most important function in dual circulation supply chains.
Second, trade ties between Hong Kong and Beijing and the Yangtze River Delta region (Zhejiang, Shanghai, Jiangsu and Anhui) are close. This indicates that Hong Kong plays a significant role in the supply chains in the co-ordinated development of the Beijing-Tianjin-Hebei region and integrated development of the Yangtze River Delta region.
Third, during the nine years from 2010 to 2019, the value of trade between Hong Kong and the provinces, municipalities and autonomous regions in the western part of China (e.g. Guangxi, Shaanxi, Chongqing, Yunnan and Guizhou) grew substantially. This strong growth is probably due to the fact that in recent years the local industries have been developing in leaps and bounds, while many enterprises there are willing to use Hong Kong’s facilities and logistics services to export goods to other countries and regions.
Hence, in order to bolster trade in goods with various provinces, municipalities and autonomous regions across the country, Hong Kong should first of all optimise its high-end logistics services in an effort to better meet the demands for industrial and consumption upgrading in the GBA, integrated development of the Yangtze River Delta region, co-ordinated development of the Beijing-Tianjin-Hebei region, and Hainan Free Trade Port.
Furthermore, Hong Kong should deepen co-operation in logistics with provinces, municipalities and autonomous regions in the southern and western parts of the mainland. In August 2019, the National Development and Reform Commission
issued an overall plan
(Chinese only) for the country's new western land-sea corridor, aiming to strengthen the sea-land transport network of a number of provinces, municipalities and autonomous regions in western China.
The plan helps to facilitate logistics for internal and international trade in China’s western region as well as boost the national economy and the development of the Belt and Road Initiative
. It was put forward in the plan that efforts would be made to “advance cross-border transport facilitation, and strengthen connectivity with neighbouring countries [and regions] in such areas as international aviation routes”.
In this connection, Hong Kong should promote its advantages in air freight logistics to enterprises in these provinces, municipalities and autonomous regions, making the city their prime choice for conducting air cargo imports and exports. By so doing, Hong Kong can not only expand its logistics clientele, but can also play a more active role in the development of the country’s western region and Belt and Road Initiative
1 Source: Hong Kong International Airport
2 Source: Hong Kong Maritime and Port Board
3 Source: Census and Statistics Department 2020 figures
4 Source: Guangdong Statistical Yearbook 2011 and Guangdong Statistical Yearbook 2020. According to the National Bureau of Statistics of China, from 2007 to 2010 “industrial enterprises above a designated size” referred to those with annual revenue from principal business of RMB5 million or more. Starting from 2011 the figure was raised to RMB20 million or more.
6 Source: Census and Statistics Department
7 Source: Census and Statistics Department
8 Source: Census and Statistics Department