Hong Kong no.1 in World Competitiveness Rankings

[UnChosen]

Hong Kong does not only act as a financial hub, if that's what you meant. Its airport, port, transport infrastructure, low level of violent crimes, low corruption, good legislative and executive systems, sound banking system, decent/good/excellent (depending on individual perspectives) education systems all help Hong Kong's case. In countries like Germany, one may say the country is not very international because it is largely focused on Europe. In countries like Australia, shops apparently close at 5 PM! Germany may be at the heart of Europe, but beyond that, foreigners may find it difficult to find/do much in Germany. For an economy of that size, there are hardly any large international banks or international airports in Germany.

Well, my post wasn't meant to devalue HK's achievements by any means. I just meant to say that countries should take these kind of rankings with a grain of salt...a poor third world country trying to imitate HK's "openness" will immediately get all of its natural resource stripped and all of its domestic companies taken over and would be left with nothing simply because they starts with a disadvantage. Mainland China won't move up that list for a LONG time, at least not until she gets a whole bunch of established multinational company that can compete on a even level with the world. It's the same thing with India, she pretty much has to be protectionist because all of the sectors she's trying to establish can't compete with foreign multinationals with like 100 years head start.

 

[Banglar Lathial]

No, we are usually ranked separately due to our status as a Special Administrative Region of the PRC.

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Isn't it "One Country, Two Systems"? Except Defence and Foreign Affairs, Hong Kong acts as a separate country with a separate government from China?

 

[itaskol]

Isn't it "One Country, Two Systems"? Except Defence and Foreign Affairs, Hong Kong acts as a separate country with a separate government from China?

china also promised to allow the special region to directly elect its leader by 2017 and legislators by 2020.
but who knows what will happen after 2047...

"The socialist system and policies shall not be practised in the Hong Kong Special Administrative Region, and the previous capitalist system and way of life shall remain unchanged for 50 years"

 

[shelly]

Singapore rank 4th....not bad..

yeah next month i apply for singapo citizenship

 

[Chinese-Dragon]

Isn't it "One Country, Two Systems"? Except Defence and Foreign Affairs, Hong Kong acts as a separate country with a separate government from China?

That's exactly right.

We pretty much have full autonomy, and have our own separate system of Government.

Though of course at the end of the day, the HK Government still answers to the Beijing Government, since they are the highest authority in the PRC.

 

[shelly]

Well, my post wasn't meant to devalue HK's achievements by any means. I just meant to say that countries should take these kind of rankings with a grain of salt...a poor third world country trying to imitate HK's "openness" will immediately get all of its natural resource stripped and all of its domestic companies taken over and would be left with nothing simply because they starts with a disadvantage. Mainland China won't move up that list for a LONG time, at least not until she gets a whole bunch of established multinational company that can compete on a even level with the world. It's the same thing with India, she pretty much has to be protectionist because all of the sectors she's trying to establish can't compete with foreign multinationals with like 100 years head start.

One should understnd that HK as we konw it today was built and developed by the British. Read the book Sea of Poppies to get an understandingod indian perspective. HK was an oasis for the Brits to live in a British city in the orient.
For next 35 years they will be a SAR and after that not sure how or what will happen. Maybe the chinee will still keep it as it is,
maybe not. BUt HK will slowly be supplanted by Shanghai as the major hub in the region. Also I am not sure the status of HKers where they dont ned a visa to visit most places will still be the same after 2047.
One thing i can say HKers dont like PRC mainlanders.

 

[Chinese-Dragon]

One should understnd that HK as we konw it today was built and developed by the British. Read the book Sea of Poppies to get an understandingod indian perspective. HK was an oasis for the Brits to live in a British city in the orient.
For next 35 years they will be a SAR and after that not sure how or what will happen. Maybe the chinee will still keep it as it is,
maybe not. BUt HK will slowly be supplanted by Shanghai as the major hub in the region. Also I am not sure the status of HKers where they dont ned a visa to visit most places will still be the same after 2047.
One thing i can say HKers dont like PRC mainlanders.

Don't talk on my behalf, Indian.

And Shanghai already has a bigger economy than we do.

 

[shelly]

Don't talk on my behalf, Indian.

And Shanghai already has a bigger economy than we do.

Shanghai does not still have the global reach of financial markets as HK does. HK is still seen in the west as the trading centre. My prediction is that PRC will work towards moving that to Shanghai over the next few decasdes.
Where will that leave HK, i am not sure.

 

[Chinese-Dragon]

Shanghai does not still have the global reach of financial markets as HK does. HK is still seen in the west as the trading centre. My prediction is that PRC will work towards moving that to Shanghai over the next few decasdes.
Where will that leave HK, i am not sure.

So what? Hong Kong is already in the latest stages of development (we are already considered an advanced economy).

Shanghai on the other hand, still has a LOT of potential left, and even today they already have a bigger economy than we do. In ten years they will reach the latest stage of development, and become a true economic juggernaut.

Funny thing, when I was in secondary school, we all thought that HK would first be surpassed by Shenzhen. But it turns out that it was Shanghai who surpassed us first.

And they are only beginning.

 

[shelly]

So what? Hong Kong is already in the latest stages of development (we are already considered an advanced economy).

Shanghai on the other hand, still has a LOT of potential left, and even today they already have a bigger economy than we do. In ten years they will reach the latest stage of development, and become a true economic juggernaut.

Funny thing, when I was in secondary school, we all thought that HK would first be surpassed by Shenzhen. But it turns out that it was Shanghai who surpassed us first.

And they are only beginning.

Thats great. it will be good for us in singapore when that happens as all the financial companies will start to move base here and we will become more important in the region. already Singpore is being regarded the capital of Asia dur to its superior laws and systems. I think HK 's loss will be Singapore's gains

 

[Chinese-Dragon]

Thats great. it will be good for us in singapore when that happens as all the financial companies will start to move base here and we will become more important in the region. already Singpore is being regarded the capital of Asia dur to its superior laws and systems. I think HK 's loss will be Singapore's gains

LOL, I know plenty of Singaporeans, and none of them talk like you do. You're an Indian, not a Singaporean (you don't even have citizenship there).

Shanghai's economy is larger than Hong Kong's, and Hong Kong's economy is larger than Singapore's.

Hong Kong isn't going to "lose out". We are being "surpassed" by mainland cities like Shanghai. And I don't see any problem with that, since I am happy when any Chinese city is successful.

 

[shelly]

LOL, I know plenty of Singaporeans, and none of them talk like you do. You're an Indian, not a Singaporean (you don't even have citizenship there).

Shanghai's economy is larger than Hong Kong's, and Hong Kong's economy is larger than Singapore's.

Hong Kong isn't going to "lose out". We are being "surpassed" by mainland cities like Shanghai. And I don't see any problem with that, since I am happy when any Chinese city is successful.

at this point im indian, in about 3-6 months time i will become singaporean.
while i agree that SG < HK economy the trend of Singapores importance as the bastio of financial safety will keep increasing until it surpasses Shanghai and HK> Remember that SG percapita is greater than HK.

 

[Chinese-Dragon]

at this point im indian, in about 3-6 months time i will become singaporean.

So you have decided to ditch India, and to embrace a nation (Singapore) with a majority ethnic Chinese population?

while i agree that SG < HK economy the trend of Singapores importance as the bastio of financial safety will keep increasing until it surpasses Shanghai and HK> Remember that SG percapita is greater than HK.

HK and SG are both at the latest stage of development. Shanghai is only at the beginning, they have a lot of potential left.

When Shanghai has a per capita GDP the same as HK or SG then their economy will be absolutely enormous. Not to mention all the other mainland cities that are catching up to us.

 

[shelly]

So you have decided to ditch India, and to embrace a nation (Singapore) with a majority ethnic Chinese population?
HK and SG are both at the latest stage of development. Shanghai is only at the beginning, they have a lot of potential left.

When Shanghai has a per capita GDP the same as HK or SG then their economy will be absolutely enormous. Not to mention all the other mainland cities that are catching up to us.

SGP look down on PRC and HK people. I am not ditching india as i will also have indian OCI card (almost like dual citizenship). I am taking SGP citizenship as only citizen can become ceo at many places. but anyways close to 10% of population is indian and sgp belongs as much to indians as locals. even the word SGP is from sanskrit.
Shanghai will never ever catch up to HK or SGP on per capita basis. just like china will never catch up to us on percapita.

 

[Chinese-Dragon]

SGP look down on PRC and HK people. I am not ditching india as i will also have indian OCI card (almost like dual citizenship). I am taking SGP citizenship as only citizen can become ceo at many places. but anyways close to 10% of population is indian and sgp belongs as much to indians as locals. even the word SGP is from sanskrit.
Shanghai will never ever catch up to HK or SGP on per capita basis. just like china will never catch up to us on percapita.

Shanghai has already surpassed our Economy. And Hong Kong's economy was always bigger than Singapore's to start with.

Now you are taking credit for Singapore's achievements?

You know that the vast majority of Singapore's population are Han Chinese right?

SGP look down on PRC and HK people.

Do you know what Singaporeans and Malaysians think of Indians? I have relatives there, so I know.