Hong Kong’s competitive edge questioned as Xi says Shenzhen is engine of China’s Greater Bay Area

About This Source - South China Morning Post

The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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  • South China Morning Post published this video item, entitled “Hong Kong’s competitive edge questioned as Xi says Shenzhen is engine of China’s Greater Bay Area” – below is their description.

    During his visit to Shenzhen to mark 40 years since it became a special economic zone, Chinese President Xi Jinping designated the city as the engine for his vision to turn southern China into an economic powerhouse. Xi also made no mention of Hong Kong’s past role as a catalyst to help Shenzhen develop into what it is today. Some Hong Kong lawmakers say Xi’s remarks reflect how the city is losing its competitive edge to its neighbour to the north. Support us: https://subscribe.scmp.com

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    In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

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  • In This Story: XI Jinping

    Xi Jinping has been the President of China since 2013 and General Secretary of the Chinese Communist Party (CCP) and Chairman of the Central Military Commission (CMC) since 2012.

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