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looking beyond borders

foreign policy and global economy

Archive for the tag “Hong Kong”

China Reveals Details Of ‘Greater Bay Area’ Plan To Turn Hong Kong And 10 Neighbouring Cities Into Economic Hub

A cluster of world-class cities for work, life and leisure forms the central vision of the “Greater Bay Area” finally unveiled by the Chinese government late on Monday, laying out a road map to what it hailed as the new era of opening up. Coming 40 years after the 1978 opening up of China, the State Council published a document setting out an ambitious plan to transform 11 cities around the Pearl River Delta into a thriving global centre of technology, innovation and economic vibrancy.

Read Here – South China Morning Post

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A Tale Of Two Cities: Shenzhen Vs Hong Kong

Photo by Frame Harirak on Unsplash

Forty years ago Shenzhen was a rural backwater with a population of 20,000, boasting very little industry or agriculture. Communist Beijing was happy to keep it that way for fear its proximity to the freewheeling capitalist colony of Hong Kong made it a security threat. But after Deng Xiaoping’s reforms the town developed rapidly and is arguably surpassing Hong Kong as China’s leading city for industry and technology.

Read Here – South China Morning Post

President Xi’s Bridge Over Troubled Waters

President Xi Jinping paid homage to the past when he returned to where China’s economic miracle was born and nurtured. But his eyes were firmly focused on the present and the future. With immaculate timing, his trip to Guangdong this week conjured memories and images of Deng Xiaoping’s historic 1992 ‘Southern Tour’ after he had stepped down from office.

Read Here – Asia Times

Return of The City-State

Photo by Alex Jodoin on Unsplash

We are just as deluded that our model of living in ‘countries’ is inevitable and eternal. Yes, there are dictatorships and democracies, but the whole world is made up of nation-states. This means a blend of ‘nation’ (people with common attributes and characteristics) and ‘state’ (an organised political system with sovereignty over a defined space, with borders agreed by other nation-states). Try to imagine a world without countries – you can’t. Our sense of who we are, our loyalties, our rights and obligations, are bound up in them.

Read Here – Aeon

Why 1997 Was Asia’s Perfect Storm

From Hong Kong to Cambodia and Thailand to Indonesia and across to the Philippines, governments are this week marking the political convulsions and financial turmoil that swept the region 20 years ago, and reshaped its destiny forever.

Read Here – The Diplomat

Once A Model City, Hong Kong Is In Trouble

When Hong Kong returned to Chinese rule two decades ago, the city was seen as a model of what China might one day become: prosperous, modern, international, with the broad protections of the rule of law…Yet as the 20th anniversary of the handover approaches on Saturday, that perception of Hong Kong as something special — a vibrant crossroads of East and West that China might want to emulate — is fading fast.

Read Here – The New York Times

How China Rules The Waves

Investments into a vast network of harbours across the globe have made Chinese port operators the world leaders. Its shipping companies carry more cargo than those of any other nation — five of the top 10 container ports in the world are in mainland China with another in Hong Kong. Its coastguard has the globe’s largest maritime law enforcement fleet, its navy is the world’s fastest growing among major powers and its fishing armada numbers some 200,000 seagoing vessels.

Read Here – Financial Times

Xi Jinping’s Speech In London

China Stock Plunge Hits World Stocks, Dollar; U.S. Stabilizes

World stock markets plunged on Monday, after a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities sent investors rushing for the exits. After dropping more than 1,000 points, or almost 7 percent, at Wall Street’s open, the Dow Jones industrial average eased losses but was still off more than 1 percent at midday. The Standard & Poor’s 500 index was down by a similar margin after the U.S. benchmark earlier dropped nearly 10 percent below its record.

Read Here – Reuters

A City Transformed By Influx Of Chinese Wealth

Once a British outpost on the far side of the New World, later a countercultural mecca known for its pot-infused vibe, Vancouver, Canada, is entering a new phase, transformed by immigration from across the Pacific. Greater Vancouver’s population of approximately 2.5 million is now 16% of Chinese origin; the city proper is 28% ethnically Chinese. Some locals have dubbed it “Hongcouver.”

Read Here – LA Times

 

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