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Old 05-30-2014, 05:48 PM
 
Location: singapore
1,526 posts, read 1,273,003 times
Reputation: 416

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I must say I am not familiar with Hong Kong and would like to hear from those who are familiar with it..

Where do you see Hong Kong in say 5 yrs time ? Will it have progresed significantly or do you see not much progress .

Do you see say Manila , Vietnam rising to be on par with Hong Kong ?

Or do you see Hong KoNg rising to the level of say Japan ?
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Old 05-30-2014, 06:11 PM
 
Location: Jersey
2,299 posts, read 3,400,605 times
Reputation: 2037
What metric(s) are you referring to? GDP, GDP/capita, business climate, political climate, social climate, party scene, etc...?

I could post an extremely blunt assessment of you based on your posts in this subforum; but you're a lady(supposedly), and I'm going to polite.
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Old 05-30-2014, 06:27 PM
 
3,644 posts, read 9,010,378 times
Reputation: 1798
no, Manila will never get there.
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Old 05-30-2014, 06:27 PM
 
Location: singapore
1,526 posts, read 1,273,003 times
Reputation: 416
I am interested in the area of GDP. Global prominence , social climate in particular . I want to hear anything about HOng kong

If you don't want to comment fine.. I didn't ask for excessive comments about myself asking for opinions
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Old 05-30-2014, 09:28 PM
 
110 posts, read 106,791 times
Reputation: 25
So what's your personal opinion on your post?

I think HK will be just HK...it's land size wont expand and will still be one of the densest city in the world.

Politically, it will see a lot more of the PRC's CCP grasp and influence on its policies. Given 5 years or more we can see more street protests...and probably, eventually be just like Shanghai under the CCP government.

As a financial centre, it will remain as the top financial capital of East Asia and SG will still be trailing behind HK on this regard.
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Old 05-30-2014, 10:20 PM
 
621 posts, read 383,907 times
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Quote:
Originally Posted by Smtchll View Post
no, Manila will never get there.
it wont in 5yrs but give it more time and we'll see!
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Old 05-30-2014, 10:23 PM
 
Location: Phoenix
1,023 posts, read 898,412 times
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With the emergence of Shanghai, Beijing/Tianjin and Singapore, being the financial, IT and logistic hubs, HK may lose its competitiveness in the future.
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Old 05-30-2014, 10:29 PM
 
501 posts, read 462,326 times
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Quote:
Originally Posted by singaporelady View Post
I am interested in the area of GDP. Global prominence , social climate in particular . I want to hear anything about HOng kong

If you don't want to comment fine.. I didn't ask for excessive comments about myself asking for opinions

Hong Kong per capita GDP is already higher than Japan. Total GDP will, of course, never be as high since Japan has about 120,000,000 more people than Hong Kong

I think HK's prominence as a finance and trade center will continue due to low taxes, low regulations, and efficient government. It will likely continue to be a leader in the entertainment industry, but I see that falling a bit due to changing tech and the way we produce and consume entertainment. Unfortunately HK doesn't have any other industries of any prominence though.

Social climate will not improve until the climate in China improves. Many of HK's social problems are tied to China. On that front I don't think much will change in 5 years.
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Old 05-31-2014, 09:06 PM
 
Location: Pittsburgh, PA
17 posts, read 19,226 times
Reputation: 18
It sounds like you are simply trying to get general opinions on Hong Kong as your question is not very clear.

Hong Kong is already an extremely developed city so I don't see a need for significant "progress" in the next 5 years.

If you've ever been to Tokyo, you will never think to yourself "this is what X Asian city will be like in the future". Tokyo is Tokyo. With its own history, distinct cultures and industries. The same goes for Hong Kong, though it might be easier to compare HK with other Chinese cities. Both of these metro areas are highly developed and will not see extreme growth (ie such as with emerging economies). I could see Hong Kong's significance continue to be bolstered by the tech areas around it (Shenzen, etc). But I'm not an economist.
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Old 06-01-2014, 10:20 AM
 
164 posts, read 220,153 times
Reputation: 84
Quote:
Originally Posted by strad View Post
Hong Kong per capita GDP is already higher than Japan. Total GDP will, of course, never be as high since Japan has about 120,000,000 more people than Hong Kong

I think HK's prominence as a finance and trade center will continue due to low taxes, low regulations, and efficient government. It will likely continue to be a leader in the entertainment industry, but I see that falling a bit due to changing tech and the way we produce and consume entertainment. Unfortunately HK doesn't have any other industries of any prominence though.

Social climate will not improve until the climate in China improves. Many of HK's social problems are tied to China. On that front I don't think much will change in 5 years.
The pathetic of Hong Kong is they are focusing on virtual economy and decline to make some change. They have no willingness to work on other industries rather than Real Estate, Finance, and Trade. They even reject China central government plan to build a high-speed rail to HK.

On the other hand, they have over 6 million people and many young adults cannot find a satisfied job (I mean satisfied job). They were forced to find jobs in Beijing/Shanghai/Taipei. Please do not forget that they impose working visa ban on Mainland citizens, but mainland China won't impose any visa ban on HK residents at all.

Also, they are certain interest groups are destabilizing/manipulating the situation before 2017 election. So, the 2017 election is very important for HK. If this election progress smoothly, HK maybe fine or regain development advantage for next 10 years, otherwise, it will very hard to say.
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