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

Jetpacks to Take Flight in China?

For any fan of the science-fiction genre, the jetpack trope is as recognizable as flying cars or phasers set to stun. In movies and comic books, the hero-protagonist simply straps on a rather conveniently-sized backpack and blasts off into the wild blue yonder to save the day. But the reality of the situation is far less dramatic, with most once-interested parties (the U.S. military leading the charge) declaring the jetpack to be an inefficient waste of time – at least with the technology that is on offer today. But that has not stopped one New Zealand-based company from building a prototype and bringing it to China. Granted, the single-person aircraft from the Martin Aircraft Company is not a jetpack in the traditional sense of the word, as it uses ducted fans for propulsion, but it still caused something of a stir on December 6 as it underwent its first public demonstration in the southern city of Shenzhen. The jetpack was presented by Kuang-Chi Science Ltd., Martin’s Hong Kong-based joint venture partner, along with an announcement that the company has signed agreements for 100 manned jetpacks and 20 simulators. But what could the jetpack possibly be used for? This is not the jetpack as portrayed in the 1991 movie The Rocketeer (never mind how the hero of that movie didn’t burn […]

Dec 9, 2015