Taiwan tops HK as the economy to beat in China
When it comes to competitiveness, Hong Kong comes second to Taiwan, a survey of Chinese cities and provinces by a local think tank found for the second year running.
The next best locations are the provinces of Guangdong, Jiangsu , Shandong and Zhejiang , says the China Institute of City Competitiveness, a non-government organisation which has been compiling the rankings for a decade.
The new results were released yesterday at Hong Kong Baptist University, whose Advanced Institute for Contemporary China Studies collaborated in the research.
Shanghai and Beijing came seventh and eighth in the integrated competitiveness list.
Institute chairman Gui Qiangfang said Hong Kong's growth rate had been low for the past few years and mainland cities had been catching up quickly.
'Hong Kong had a head start 30 years ago when its various industries bloomed,' he said. 'But Shenzhen's gross domestic product will exceed Hong Kong's in just six years if the current growth rates remain steady.'