Optimization and Adjustment of Economic Development Strategy in Northern China: From Coordinated Development of Beijing-Tianjin-Hebei Region to Integrated Development of Beijing Bay

Abstract

Bay area is a regional economic concept evolved from geographical concepts. Bay area economy features an open economic structure, efficient resource allocation capabilities, strong agglomeration and spillover functions, and a well-developed international communication network. It plays a core role in leading innovation and attracting radiation, serving as an important growth pole driving global economic development. Based on summarizing the formation, development, and competitive advantages of bay area economies worldwide, this paper points out the purpose and significance of the concept of "Beijing Bay" proposed under the perspective of coordinated development of Beijing-Tianjin-Hebei region. It also analyzes the path choices for enhancing the vitality of the Beijing Bay urban agglomeration.