On June 30, the Shenzhen-Zhongshan Corridor was officially opened to traffic.
How much "gold content" does the super project Shenzhong Channel, which has been built with an investment of tens of billions of yuan? How do you make an economic account for it? Let's take a look at it today.
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"A word and one horizontal" to build a traffic skeleton
Let's start with improving transportation, which is the most intuitive convenience. After the opening of the road, the driving time between Shenzhen and Zhongshan will be shortened from 2 hours to 30 minutes.
Time is money, no wonder many people say that in Guangdong, which loves to make money, saving time is equal to earning benefits!
It is predicted that the traffic volume of the Shenzhen-Zhongshan Corridor will be as high as 8-100,000 vehicles per day, and the number of people coming and going can reach at least 20-300,000 per day. In 2023, the per capita GDP of Guangdong Province will be 107,000 yuan/person, and the GDP created per hour will be about 53.5 yuan based on 250 working days a year and 8 hours per person working every day.
Then, we estimate that after the opening of the Shenzhen-Zhongshan Channel, it can save them 1.5 hours, and the GDP saved in one day can be at least more than 16 million yuan!
Of course, this is only a rough estimate and a relatively idealized one. In fact, the "gold content" of the Shenzhong channel can be far more weighty than these data.
The key to the "golden" leap of urban agglomerations
Located at the core of the Guangdong-Hong Kong-Macao Greater Bay Area, the Shenzhen-Zhongshan Corridor connects the lower reaches of the Pearl River and the important cities on the east and west banks of the Pearl River Estuary in the Lingding Ocean area.
As the key "one horizontal" of the A-shaped transportation network skeleton of the "Golden Inner Bay", the Shenzhen-Zhongshan Corridor connects the three major areas of the Guangdong Free Trade Zone - Nansha in Guangzhou, Qianhai in Shenzhen and Hengqin in Zhuhai.
(Drafting: Chen Yanni)
At the same time, it also connects Dongguan Binhaiwan New Area and Zhongshan Cuiheng New Area, which are speeding up construction, and radiates and drives the linkage development of the three major metropolitan areas of Guangzhou, Shenzhen and the west bank of the Pearl River Estuary.
The opening of the Shenzhen-Zhongshan Corridor has enhanced the urban development level of the Greater Bay Area, which can be described as a key step in the "golden" leap of organic growth of the urban agglomeration.
The Shenzhen-Zhongshan Corridor has also connected and driven the "cluster development" of the super projects in the Greater Bay Area - Shenzhen Bao'an International Airport, Shenzhen Airport East High-speed Railway Station, DaChan Bay Terminal and a number of water, land and air three-dimensional collaborative hub systems, these transportation infrastructure are injecting more impetus into the economy of the Greater Bay Area.
We know that for a long time, there has been an imbalance in economic development on the east and west banks of the Pearl River Estuary. By the end of 2023, the combined GDP of cities on the west bank of the Pearl River will be only one-fifth of that of cities on the east bank.
The opening of the Shenzhen-Zhongshan Corridor will make the east and west sides of the Pearl River Estuary deeply "hand in hand", what kind of economic benefits will it be?
Dou Yong, a researcher at the China Center for International Economic Exchanges, believes that the Shenzhen-Zhongshan Corridor has brought a historic opportunity to further expand the radiation radius of core cities on the east bank, stimulate urban development on the west bank of the Pearl River, and promote the integration of the east and west banks of the Pearl River Estuary.
"With the connection of the Shenzhen-Zhongshan Corridor on the east and west banks of the Pearl River Estuary, the layout and structure of the space and industry will be further optimized, and the industrial chain, supply chain, value chain, talent chain, innovation chain and capital chain on the east and west sides of the strait will be re-integrated, and the development of the Guangdong-Hong Kong-Macao Greater Bay Area will be promoted to a higher level."
This year marks the 5th anniversary of the release of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, and the total economic output of the Greater Bay Area has exceeded 14 trillion yuan in 2023.
After 14 trillion yuan
Strong "assist" in the deep middle channel
The opening of the Shenzhen-Zhongshan Corridor will deeply connect the cities in the Greater Bay Area and further integrate industries.
In terms of the feelings of business owners, it is the decline in transportation costs, logistics costs, etc., which are really good and make the performance "double"!
Looking at another set of data, by the end of 2023, there will be about 4.226 million commercial entities in Shenzhen and 640,000 in Zhongshan. The opening of the Shenzhen-Zhongshan Corridor will directly bring benefits to these nearly 5 million commercial entities, and at the same time, it will also radiate to more than 18 million business entities in Guangdong Province.
Chen Xian, a professor at Shanghai Jiao Tong University's Antai College of Economics and Management and a researcher at the China Development Research Institute and the Shenzhen Industry Research Institute, said: "We can divide the industries on the east coast and the west coast into two categories, one is the high-tech manufacturing industry represented by electronic information, which is mainly concentrated in the east coast cities such as Shenzhen and Dongguan. The other type is the traditional manufacturing industry represented by hardware and household appliances, which is mainly concentrated in Zhongshan and Zhuhai on the west coast. ”
(Photo source / Compiled by China Business Industry Research Institute)
Chen Xian said that after the opening of the Shenzhen channel, through the optimal allocation of resources, the two types of industries will develop faster, the high-tech manufacturing industry will be further expanded, and the east and west banks will form functional coordination and division of labor in the high-tech manufacturing industry.
"Like the traditional manufacturing industry, it will accelerate transformation and upgrading, and become stronger and better. The advantageous industries on the west bank of the Pearl River will be integrated with the information technology industry on the east bank, and integrated industries such as smart homes will be further innovated and developed. Chen Xian said.
In the face of increasingly fierce global competition, economic development lies not only in the growth of product sales and the expansion of enterprise scale, but also in the formation of industrial clusters and the improvement of ecosystems.
Therefore, the "gold content" of the opening of the Shenzhen-Zhongshan Corridor in the future lies in improving the efficiency and value of the entire industrial chain.
See the deep passage from the world
The "multiplier effect" of cross-sea lanes
Looking at the world, the Guangdong-Hong Kong-Macao Greater Bay Area, along with San Francisco Bay in the United States, New York Bay in the United States, and Tokyo Bay in Japan, is known as the world's four major bay areas. Looking back at the development of several bay areas in the world, the construction of cross-sea passages can be said to have changed the economic development pattern of a city.
From the perspective of New York Bay, as the most developed area of the financial industry in the United States, Wall Street, the world's financial heart, and the headquarters of nearly 3,000 financial institutions are located here. Some analysts believe that New York Bay was built and expanded because of the Brooklyn Bridge and several other bridges over the eastern rivers, including 25 open bridges and about 2,200 bridges.
Look at the San Francisco Bay Area, which has Silicon Valley, which focuses on high-tech, and is home to tech giants such as Apple, Google, and Facebook, as well as a number of prestigious schools. There are eight bridges across the sea in the San Francisco Bay Area, with an average of one every 30 kilometers of coastline.
By shortening the distance between time and space, the sea-crossing bridges have reduced the flow cost of production factors such as people, goods and capital, and promoted economic development. Judging from the data, the total economic output of the four major bay areas is generally more than 1 trillion US dollars.
(Source: Hong Kong Trade Development Council)
Although the total economic output of the Guangdong-Hong Kong-Macao Greater Bay Area exceeded 14 trillion yuan, there was no passage within 60 kilometers from the Humen Bridge to the Hong Kong-Zhuhai-Macao Bridge.
Singapore's "Lianhe Zaobao" made a special report on the Shenzhen-China Corridor.
(Source: Lianhe Zaobao)
According to the report, at present, the cross-sea passage connecting the east and west banks of the Pearl River has Guangzhou Nansha Bridge and Dongguan Humen Bridge in the north, and the Hong Kong-Zhuhai-Macao Bridge across Lingdingyang in the south. The completion of the Shenzhen-Zhongshan Corridor will become the most important link in the "A" shaped transportation network of the Guangdong-Hong Kong-Macao Greater Bay Area.
Compared with several international bay areas, the opening of cross-sea channels has played an important role in promoting the coordinated development of industries and the expansion and strengthening of the region.
From the perspective of the world, the Shenzhen-Zhongshan Corridor also undertakes an important strategic mission, and between the high-speed flow of people, logistics, capital flow and other elements, a world-class resource gathering field is radiating outward with Shenzhen as the center.
Writer / Li Tiannan Lan Wei
Source / Direct Finance
Typesetting / Zhang Xueying, Li Ting
Proofreading / Pang Shifan