The Hong Kong-Zhuhai-Macao Bridge (Photo/Xinhua)

The Guangdong-Hong Kong-Macao Greater Bay Area is entering a new era of deepened coordination and integration, becoming a brighter spot on the map of world economy, Xinhua reported on Jan. 10.

The bay area is home to more than 170 universities, 40 national key laboratories and partnership labs. It also nurtures emerging industries such as electronic communications, the Internet, biomedicine, as well as innovative enterprises such as Huawei and Tencent.

The efficient flow of capital, technologies, talents, and information indicates that the bay area has entered a new era of coordination. It also releases strong impetus for the creation of a world-class industrial cluster in the area.

Chinese commercial drone manufacturer DJI is a perfect example of connectivity and integration in the bay area. Incubated in Hong Kong University of Science and Technology (HKUST) and started in Shenzhen, today, the company makes up half of global drone production.

The bay area also extends the Guangzhou-Dongguan-Shenzhen corridor of technological innovation to Hong Kong and Macao. Medprin Regenerative Medical Technologies Co., Ltd. in Guangzhou is fast growing into a leader in 3D biological printing.

The growth of the company is in line with the development trend of the Guangzhou Development District, where Sino-Singapore Guangzhou Knowledge City, Guangzhou Science City, and Guangzhou International Bio Island are situated.

Dongguan’s Songshan Lake area is another important spot along the Guangzhou-Shenzhen-Hong Kong-Macao technological innovation corridor. The area, which has been called the “global factory,” is now the birthplace of countless innovations.

According to the annual Global Innovation Index (GII) ranking published by Cornell University and the World Intellectual Property Organization (WIPO) on July 7, 2018, Shenzhen-Hong Kong Cluster ranks second in global innovation clusters.