YangtzeSea said:1. The population of Shanghai is 2 times of that of Hong Kong.
2. The GDP of Shanghai (2004) is 1/2 of Hong Kong (2004). But according to PPP, maybe Shanghai has surpassed HK. I'm not sure about that.
3. Shanghai do be catching up. And Hong Kong do be relatively lagged, just like most cities in the world.
4. Will Shanghai surpass Hong Kong in the future? Maybe I have to say yes. But It will take more than 10-15 years, and HongKong will still be more wealthy/developed than Shanghai in a long time. You know, Shanghai is a part of China economically and have to pay tax to central government while HK is economically independent.
The population of Hong Kong is 7-8 million. And the city population of Shanghai is 14 million (there're 4 million people live in the suburb which can't actually be called Shanghainese and they really contribute little. We shouldn't compare Hong Kong with "Shanghai Province", right?)carry_a_torch said:not 2 times population,maybe nealy 3 times,shanghai has about 18 million while HK has about 6.5million.
No,they contribute alot,many factories are in the surburb.YangtzeSea said:The population of Hong Kong is 7-8 million. And the city population of Shanghai is 14 million (there're 4 million people live in the suburb which can't actually be called Shanghainese and they really contribute little. We shouldn't compare Hong Kong with "Shanghai Province", right?)
Of course Shanghai will take HK's position. HK has better skyscrapers, infrastructure, food, incomes, and really just about better everything than Shanghai. But guess what? It doesn't matter, because the Chinese government is pressing for Shanghai to become China's economic capital. If Chinese companies under government encouragement/prodding move their HQs to Shanghai, then foreign firms will follow. They already are. The Chinese will decide which Chinese city will be their hub, not westerners. This is not a patriotic statement (I'm not even from mainland China). Just common sense.InitialD18 said:i agree with you ... but shanghai does have the potential to be much more than hk ... shanghai has the potential of becoming the centre of the world ...
hk is still quite a bit more developed so it will take some time ...
and hk's financial hub status ...
it wouldn't be taken over i think ...
as the meeting place of chinese firms and foreign funds ...
The chinese government doesn't want to scare the shit out of people in HK. Especially since they still want to win over Taiwan voluntarily. But let's for a moment imagine that you're a leading member of the chinese communist party. Which city would you encourage to be your country's business capital? HK, which is outside of your direct control, and far more independent / free-willed than the rest of China? Or Shanghai, safely inside the legal/control boundries of your government?ChinaboyUSA said:the government of China says that the nation can have two financial centers at the same time.
Both cities belongs to not only China, but also the world.samsonyuen said:I don't think Shanghai can take HK's position. It's already got the global city link. If anythin, Shanghai will simply grow and create its own niche. China's a huge country, it can have lots of big important cities.
Please don't imagine.in fact,each part of china has often an independant RHQ(for ex,the RHQ of western china is usually located in Chongqing).brooklynprospect said:And China looks like it will end up with one overall center. Do you think companies will have a South China HQ in HK and a rest-of-China HQ in Shanghai? Or have half the stocks traded in HK and half traded in Shanghai?
Hk will continue to be an important financial hub of Asia, but defintely not the biggest financial hub of China. Can Tokyo be the financial hub of China? So is Hong Kong.tiger said:Please don't imagine.in fact,each part of china has often an independant RHQ(for ex,the RHQ of western china is usually located in Chongqing).
not only Shanghai wants to be the financial centre but Beijing also does.Beijing has actually a not bad basis to reach it because of its capital status and lots of Beijing-located chinese huge national financial companies.it's important that both Shanghai and Beijing can not own a superiority in terms of tax and financial regime like HK,HK will continue to be the biggest financial hub of china.