- 1. Is the Megapolis the answer to the Pearl River Deltas
transformation in the 21 stcentury? Presented by Patrick Cheung
Councillor Hong Kong Foresight Centre Sponsored by
2. 3. Chinas Economic Drivers 1979 - 2009 Export Processing
Foreign Direct Investment
- Hong Kong has played a pivotal role in both areas
- Pearl River Delta Region is Chinas export processing
leader
4. Forces at Work What is PRDs future positioning?
- Low value, exportprocessing industries
- Intense competition from otherdeveloping countries
- Chinas rising labour cost
- Up the manufacturing curve
- Domestic and service economy
- Greater outward investments
Is Hong Kong still relevant?
- Still waiting for recovery
- Economic centre of gravity shifting eastward
- China: $2 Tr foreign exchange reserve
- Hong Kong as a Financial Centre
- Competition from Shanghai and others
5. Vision for PRD/HK from Beijing
- PRD key transport, higher value manufacturing and professional
services hub
- Pilot region for further reforms: economic, political cultural,
cultural, social and innovation
- Ever closer integration between Hong Kong and Shenzhen, Virtual
Merger
Leading the way for Chinas next transformation 6. Hong Kong /
Shenzhen The New Megapolis?
- Directed, top down vs. democratic limited government
- Combined population = 18 to 20 mn
- Richest megapolis in China
- Access to nationwide talent and technology base
Challenges 7. Opportunity forPrivate Sector Innovation To the
innovator goes the spoils!
8. Thank you Sponsored by