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Hong Kong - major world cities, up there with NYC, Tokyo, and London.
I read once that the mass majority of the world's money was going through four cities - New York, London, Tokyo, and Hong Kong.
However, with China siphoning some of that wealth/power and distributing it towards Shanghai/Beijing...and than other up-an-coming regions like the Dubai, etc.
Is the perception of Hong Kong still up there as a World City, or has it declined slightly in importance, in your opinion? (Just for argument sake, let's say within 'the top 4').
It should be up there, but should be a notch below NYC, London, Paris, and Tokyo. The handover wasn't nearly as bad as expected as it allowed Hong Kong to profit a bit with closer economic ties to a booming China.
Hong Kong will most likely maintain its status as a regional financial hub, as there are just too many restrictions in China. However, it was not in the same level as NYC, London, Paris or Tokyo and probably will not be in the near future. Its main rival is Singapore and will probably remain so for many more years.
Hong Kong will most likely maintain its status as a regional financial hub, as there are just too many restrictions in China. However, it was not in the same level as NYC, London, Paris or Tokyo and probably will not be in the near future. Its main rival is Singapore and will probably remain so for many more years.
If you're talking about being a financial hub, then Hong Kong and Singapore are probably above Paris and Tokyo by most indices and are likely to equal or pass NYC and London fairly soon. Overall though, when talking about other indices of what makes a world city, Hong Kong and especially Singapore fall a bit short.
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According to the Global Cities Rankings it's an 'Alpha+' city along with Paris, Shanghai, Tokyo, Singapore.etc. I agree that only NYC and London are true Alpha++ cities right now. They are just so international that they seem almost stateless, while Tokyo and Paris are thoroughly Japanese and French (not that that's a bad thing). Sure, Shanghai might overtake HK in GDP, but HK will still be a big player in the East. Don't think it's still the status of NYC, London and in some ways Tokyo and Paris, but I feel in international stature it's at least the equal of Tokyo. By that measure Singapore should not be underestimated either.
According to the Global Cities Rankings it's an 'Alpha+' city along with Paris, Shanghai, Tokyo, Singapore.etc. I agree that only NYC and London are true Alpha++ cities right now. They are just so international that they seem almost stateless, while Tokyo and Paris are thoroughly Japanese and French (not that that's a bad thing). Sure, Shanghai might overtake HK in GDP, but HK will still be a big player in the East. Don't think it's still the status of NYC, London and in some ways Tokyo and Paris, but I feel in international stature it's at least the equal of Tokyo. By that measure Singapore should not be underestimated either.
Tokyo is fairly homogenous but Paris certainly isn't. Paris is extremely diverse: not as much as NYC and London but certainly more than many large cities in the "new world".
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