recent economic developments in pearl river delta (prd)

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Recent Economic Developments in Pearl River Delta (PRD)

Mr Gregory Leung16 May 2013

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GDP Projection of HK, GZ, Shenzhen (SZ) from 2011 to 2020

GZ

SZ

HK

* The estimated figures are projected by the economic data from 2000 to 2010

RM

B 1

00

m

illion

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`

GZ

SZ

HK

RM

B

* The estimated figures are projected by the economic data from 2000 to 2009

Projection of GDP per capita of HK, GZ and SZ from 2010 to 2020

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Recent Developments (1)

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Encourage emergence of modern heavy industries, such as car-manufacturing, petro-chemicals, ship-building, steel & metal industries

Facilitate SMEs to link up and form clusters of modern industries

Recent Developments (2)

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Encourage the development of modern service industries as a base for further upgrading of the manufacturing sector

Recent Developments (3)

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Shenzhen has become a financial centre ranking after Shanghai and Beijing in the Mainlands

With the decline in overseas market, finished products are now geared towards the domestic market

Recent Developments (3)

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Plan to invest heavily on infrastructure developments in the remote parts of Guangdong in the next five years

Recent Developments (4)

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1. The importance of Hong Kong as a contributing factor to the development of PRD is declining and is expected to continue to decline, because:

a) Hong Kong has inadequate experience in research-based, innovative nor heavy industries

Impact on Hong Kong (1)

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b) The traditional ‘Front shop, back factory’ operation model is breaking up

c) Shenzhen is competing with Hong Kong in the provision of financial services to the local industries

Impact on Hong Kong (1)

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2. Recent focus has been on the facilitation of the import of Hong Kong services sectors into PRD

Pilot schemes: Hengqin ( 橫琴 ), Qianhai (前海 ) and Nansha (南沙 )

Impact on Hong Kong (2)

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With the focus on the development of a modern manufacturing sector, local businesses may have to look beyond Hong Kong for partners

Future Opportunities (1)

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Future Opportunities (2)

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Thank you!