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Exclusive | China’s Greater Bay Area project will play ‘central role’ in boosting trade in East and Southeast Asia, says Tadashi Maeda, head of leading Japanese development bank
- Governor of Japan Bank for International Cooperation says businesses in his country are looking forward to being part of experiment
- On Sino-Japanese ties, Maeda says there is much room for economic cooperation
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The head of a major development bank in Tokyo has lauded Beijing’s “Greater Bay Area” plan as an experiment that will ultimately help to build a freer market among Asian countries and benefit economic cooperation between Japan and China.
Tadashi Maeda, governor of the state-run Japan Bank for International Cooperation (JBIC), also said businesses in his country were looking forward to being part of the experiment, sounding an optimistic note on the relationship between Tokyo and Beijing.
Maeda, 62, was referring to Beijing’s national strategy to integrate Hong Kong, Macau and nine Guangdong cities into a financial and economic powerhouse. He noted that the plan came under the backdrop of the “Belt and Road Initiative”, another strategy advocated by Beijing to coordinate trillions of dollars in infrastructure investment across Asia, Europe and Africa.
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He was a speaker at a high-powered symposium co-organised by the Hong Kong government to promote the Greater Bay Area plan in Tokyo on Tuesday.
In an interview with the Post on the sidelines of the event, Maeda said the Greater Bay Area plan would play a key part in boosting trade in East and Southeast Asia.
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