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- Sep 22, 2008
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Who really started tge new industrial revolution in china? It was the hongkies.
Before shenzhen, all sorts of gadgets and toys and shoes were made in hong kong.
Deng xiao peng entice them to move to shenzhen. The result is astounding.the pearl river delta (prd) has the biggest economy in china. World bank consider prd as worlds biggest megacity with 105 million people.
Equally important to note is that the Pearl River Delta is one of the world’s most successful economies. Its GDP, at more than $1.2 trillion, is bigger than that of Indonesia. It has been growing at an average rate of 12% a year for the past decade. As a global trading partner, the region is outranked only by the US and Germany. For China, the PRD is critical. Though accounting for less than 1% of the country’s territory and just 5% of its total population, the PRD generates more than 10% of its GDP and a quarter of its exports and has attracted more than a trillion dollars-worth of foreign direct investment.
Now let us see what sinkie has contributed to its neigbours. Nothing or not very much. So sinkie has no right criticise hongkies. They have given their fare share. China would not be as developed without contribution from hong kong.
Before shenzhen, all sorts of gadgets and toys and shoes were made in hong kong.
Deng xiao peng entice them to move to shenzhen. The result is astounding.the pearl river delta (prd) has the biggest economy in china. World bank consider prd as worlds biggest megacity with 105 million people.
Equally important to note is that the Pearl River Delta is one of the world’s most successful economies. Its GDP, at more than $1.2 trillion, is bigger than that of Indonesia. It has been growing at an average rate of 12% a year for the past decade. As a global trading partner, the region is outranked only by the US and Germany. For China, the PRD is critical. Though accounting for less than 1% of the country’s territory and just 5% of its total population, the PRD generates more than 10% of its GDP and a quarter of its exports and has attracted more than a trillion dollars-worth of foreign direct investment.
Now let us see what sinkie has contributed to its neigbours. Nothing or not very much. So sinkie has no right criticise hongkies. They have given their fare share. China would not be as developed without contribution from hong kong.