recent economic developments in pearl river delta (prd)
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Recent Economic Developments in Pearl River Delta (PRD). Mr Gregory Leung 16 May 2013. GDP Projection of HK, GZ, Shenzhen (SZ) from 2011 to 2020. RMB 100 million. GZ. SZ. HK. * The estimated figures are projected by the economic data from 2000 to 2010. - PowerPoint PPT PresentationTRANSCRIPT
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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
3
`
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!