Comments by "Good Citizen" (@GoodCitizen-gm1tl) on "South China Morning Post"
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Hong Kong may have a higher income than Shenzhen temporarily but from technological perspective, Hong Kong is far far behind Shenzhen. Shenzhen hosts the most cutting-edge tech industries in China, you know, Huawei, ZTE, BYD, DJI, TCL, Tencent, Konka, Luxshare Precision, Han's Laser....are all headquatered in Shenzhen. Shenzhen is also an IT tech hub and one of the financial centers in China.(Shenzhen hosts one of China's stock exchange markets, along with Shanghai).
To be honest, I have never heard of any hi-tech company from Hong Kong. In fact, Hong Kong's economy is still heavily reliant on finance (which Shenzhen, Shanghai and now Beijing(the third stock exchange market had inaugurated in Beijing 1 or 2 years ago) are all vigorously developing as China's new financial centers) and logistics. It lacks a hi-tech industry which is the guarantee of sustainable growth in the long term, China's own first-tier cities and Singapore are all competing with Hong Kong for the existing industry of finance and logistics, if Hong Kong still can't incubate a new industry (hi-tech industry), it will be inevitably thrown further behind by neighbouring Shenzhen. The income gap between the two cities won't persist for too long.
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