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Hong Kong and Zhujiang Delta Regional Development

Hong Kong and Zhujiang Delta Regional Development. HK is a world city. Hong Kong is a small village 100 years ago. It is still classified as a third world city in 1987 in a book written by David Drakakis-Smith. Shenzhen grows rapidly. It grows rapidly due to Hong Kong ’ s help.

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Hong Kong and Zhujiang Delta Regional Development

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  1. Hong Kong and Zhujiang Delta Regional Development

  2. HK is a world city • Hong Kong is a small village 100 years ago. It is still classified as a third world city in 1987 in a book written by David Drakakis-Smith

  3. Shenzhen grows rapidly • It grows rapidly due to Hong Kong’s help. • The studying cycle of it is shorter as it absorbed the capital, technology, and people from Hong Kong.

  4. Future of Hong Kong, will it be similar to Liverpool, or Venice? • Liverpool is a break-of-bulk points in middle England. • The hinder land of it is Manchester and Birmingham, the biggest industrial in UK. • However, the relationship is changed due to the globalization

  5. Liverpool Manchester

  6. Advantage Loss in Hong Kong • Taiwan← China • Open door in 1978 • Globalization

  7. Interaction between Hong Kong and Pearl River Delta (PRD) • Pre-1978: No interaction • 1978-1992: Front shops, back factories • 1992-1997: Diversification of HK investment, to tertiary and property development in PRD • 1997-: Rapid growth of industry and service, competition and cooperation between PRD and Hong Kong

  8. Stage One: Pre - 1978

  9. Stage 2:1978-1992

  10. Stage 3: 1992-1997

  11. Stage 4: After 1997

  12. The competition between HK & PRD • Graph showing GPD of Hong Kong and PRD • Graph showing GPD of each people in China • Conclusion: They will be ahead of us

  13. China & WTO • Opportunities: • Market expansion • Market access • Middleman’s new role of HKSAR • Challenges: • Mainland’s barriers and constraints • Increasing competition • Diminishing gateway function of HKSAR

  14. Growing local strength of PRD • Stronger industrial network and agglomerated economy • Better manpower • More mature technology • Improved service quality

  15. Hong Kong’s strength • The producer service is mature • Good financial and legal system • Efficiency • International connections • High quality service • One country, two systems

  16. Future attraction • High-order goods & service • Attraction from tourist in whole China • The peak of tourism in 2005 as the Disneyland is built

  17. Example to Follow • London and Paris • Only small proportion of international tourist but most of them come from their own countries • It is hard to displace their goodwill and scale

  18. Improvement of HK • Study the system of Mainland China • Decrease the cost • Improvement of population policy • Cannot only depends on tourism, it is temperate • Become a regional centre, similar to London and Manhattan

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