Hong Kong's reliance on its financial industry rather than fostering small and emerging industries contributed to its drop in the Blue Book on Urban Competitiveness. Photo: EPA

Shenzhen knocks down Hong Kong to take top spot in China’s ranking of most competitive cities

For first time in 10 years, city has lost its title as the nation's most competitive centre, with Shenzhen taking the lead thanks to innovation

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Hong Kong's reliance on its financial industry rather than fostering small and emerging industries contributed to its drop in the Blue Book on Urban Competitiveness. Photo: EPA
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