‘Government inaction has cost Hong Kong advantages over other bay area cities’
But all is not lost, says report from academics, adding that quick action could revive city’s innovation prospects
Government failure to maintain Hong Kong’s economic advantages in innovation and technology has caused it to fall behind local rivals, a group of academics said on Thursday.
The Greater Bay Area is the central government’s plan to link Hong Kong, Macau, and nine mainland cities in the Pearl River Delta into an integrated innovation and technology hub.
A co-author of the report, Professor Cheung Wai-man said the plan’s success hinged on how well the cities integrate and complement each other to maximise their respective competitive edges.
But he said Hong Kong’s advantages in innovation and logistics had eroded in recent years, and blamed government inaction for that.
Coordinate Greater Bay Area’s environmental standards as the economies integrate, experts urge
