Hong Kong and the Big Deal That is the Greater Bay Area

From the onset of major market reform in China under Deng Xiaoping, Hong Kong has acted as a guiding light and entrepôt for the rest of mainland China. Now, the financial centre finds itself at a critical juncture as the rest of the nation begins to converge with the city in respect to trade, commerce and overall economic development. With that said, how does Hong Kong manage integration with the rest of China while still upholding the principle of ‘One Country, Two Systems’? A system which has helped it to continue to thrive as an economic centre for Asia for all these years. How Hong Kong deals with this could serve as a case study for all of China on economic transition, as, upon closer inspection, the issues that threaten to compromise the city’s development, are not actually all that different from the Mainland. Hong Kong: A City of Extremes The picture of Hong Kong is very much not unlike that of China, or most of the developed world for that matter. An aging population (with a median age of 44.4 years, Hong Kong currently plays host to the ninth oldest population in the world) is contributing to a shortage of labour and innovation, while sky high house prices and staggering levels of income inequality hold the potential to unravel […]

Oct 24, 2018

From Net to Tech: The Miracle of Shenzhen in China’s Opening Up

Shenzhen is the ultimate poster boy of China’s Opening Up policy. Δ Shenzhen was a fishing village before 1980. Once just a small fishing village named Bao’an with a tiny population of 30,000 people, Shenzhen, as its now called, has transformed into a vibrant, bustling and innovative city to rival its cousin in the Greater Bay Area, Hong Kong. Δ Deng Xiaoping visited Shenzhen in 1992. In 1980, Shenzhen was given Special Economic Zone (SEZ) status by then Chinese Vice Premier Deng Xiaoping, the chief architect of China’s reform and “Opening Up”. As an SEZ, Shenzhen was allowed to do business differently to other areas in China, such as trading and seeking investment from foreign companies. It quickly grew into a manufacturing and exporting giant, turning its port into one of the busiest in the world. Shenzhen is a city that’s always evolving and when China became a member of the World Trade Organization in 2001, the city changed direction and moved into high-tech, science companies with a focus on innovation. Δ Shenzhen now is called China’s Silicon Valley. This change has seen it rightly dubbed China’s Silicon Valley, with large tech companies making the city their home. Smartphone and digital manufacturer Huawei and Xiaomi have their head offices here, as does Tencent, the online gaming giant who invented WeChat. […]

Sep 27, 2018

What Benefits Can B&R Bring to Eurasia?

The Silk Road Economic Belt and the 21st Century Maritime Silk Road (also known as “The Belt and Road Initiative”, henceforth referred to as B&R) is a grand international investment project with the dual aims of connecting the Eurasian Continent through trade-facilitating infrastructure, and building a community of common interests throughout the participating countries.

May 4, 2018