Skyline of Shenzhen in southern China, which is forecasted to surpass Hong Kong by next year in economic output. Photo: Alamy Stock Photo

Hong Kong’s competitiveness fades with record home prices, while New York keeps its allure

Hong Kong’s ranking slips six spots to 12th place in the United Nations survey of 1,007 global cities with a Chinese think tank, compared with a previous, smaller, CASS study. Shenzhen came from nowhere to become the world’s sixth-most competitive city, according to the new survey.

Topic |   Urban planning

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Skyline of Shenzhen in southern China, which is forecasted to surpass Hong Kong by next year in economic output. Photo: Alamy Stock Photo
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.