Hong Kong's competitive edge questioned as Xi says Shenzhen is engine of China’s Greater Bay Area

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South China Morning Post

South China Morning Post

3 жыл бұрын

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During his visit to Shenzhen to mark 40 years since it became a special economic zone, Chinese President Xi Jinping designated the city as the engine for his vision to turn southern China into an economic powerhouse. Xi also made no mention of Hong Kong's past role as a catalyst to help Shenzhen develop into what it is today. Some Hong Kong lawmakers say Xi’s remarks reflect how the city is losing its competitive edge to its neighbour to the north.
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Пікірлер: 1 100
@ixuilehx.4906
@ixuilehx.4906 3 жыл бұрын
20 yrs real-estate development driven Vs. 20 yrs high-tech development driven.
@qtds49
@qtds49 3 жыл бұрын
Not true at all…Shenzhen has had free right to use its land vs HK has almost no land to develop…
@VarietyGamerChannel
@VarietyGamerChannel 3 жыл бұрын
@@qtds49 Hong Kong population doubled since 1996, thousands of new high rises were built from 1997-2019. What are you talking about?
@qtds49
@qtds49 3 жыл бұрын
@@VarietyGamerChannel High-rise is just an alternative. No one likes to live in the high-rise if they have a choice.Btw your statement just prove my word is right. Population doubled -> no land -> has to build high-rise to accommodate more ppl..
@mlvideos2324
@mlvideos2324 3 жыл бұрын
@@qtds49 exactly
@overlord9476
@overlord9476 3 жыл бұрын
@@qtds49 HK was not driven by real estate but it was a financial and commercial hub of China just like New York with the major stock exchange and airport there. But it shows how any city can be a financial hub but years of development to become a technological oasis ie. Every single coastal city. And that HK has failed to achieve anything that makes itself special in terms of output which resulted in the downfall
@DanBurgaud
@DanBurgaud 3 жыл бұрын
HK lost all its competitive edge in 2019.... it wont come back...
@TheOldmankk
@TheOldmankk 3 жыл бұрын
totally agreed.
@ac8228
@ac8228 3 жыл бұрын
@Ray Leigh The National Security Law for HK was absolutely necessary to restore peace and stability broken by the youngsters rioters. You think America doesn't have National Security Law?
@annannlow7056
@annannlow7056 3 жыл бұрын
It not to late work . appreciate the one country and two system and work together with your sister brother to get the share and boost your economi your people will hv better life. You just like Singapore no resources and no military all surrounded by your sister and brother. Put all the traitors in jail. Your garmoment hv to work fast too slow. You hv lost your financial hub. Look at Singapore still maintain financial hup .
@shockwave2291
@shockwave2291 3 жыл бұрын
No, HK has been on the decline for years now. The instability and economic isolation of 2019 and 2020 may have accelerated this, but in the end it was the laissez-faire Capitalist system primarily driven by an unsustainable real-estate industry, and the self-serving, short-sighted wealthy elite ruling over the city that caused its decline. It also didn't help that instead of accepting further integration and economic assistance from the central government, Hong Kongers maintained a xenophobic, localist mentality towards any mainland interventions (a carryover from their British colonial era) and instead of adapting to a changing China, they stuck to their failing economic system. In the end though, a small one-time fishing village will never outpace the greater Chinese economy forever, no matter what rose-tinted nostalgia glasses Hong Kong elitists wear.
@jzizzles7799
@jzizzles7799 3 жыл бұрын
@Ray Leigh Security law was to STOP CIA infiltration in HK youth. China shouldn't HELP HK because HK isn't China. HK is independent. All China can provide is Security and Rule of Law. Everything else is up the HK and it's people.
@kenllacer
@kenllacer 3 жыл бұрын
Why so shocked? Shenzhen was bound to surpass Hong Kong sooner or later.
@danielchang9835
@danielchang9835 3 жыл бұрын
It is possible for Shenzhen’s economy to be greater than Hong Kong since their population is already greater.
@deschan2246
@deschan2246 3 жыл бұрын
Its a serious mistake to destroy Hong Kong.
@fatpigeon1066
@fatpigeon1066 3 жыл бұрын
@Heather Larson have you ever heard of diminished returns?
@deschan2246
@deschan2246 3 жыл бұрын
@Heather Larson Declining? 🙂 clearly u r brainwashed
@deschan2246
@deschan2246 3 жыл бұрын
@Shawn Li Nope , HK is destroyed by Xi Jin Ping n Carrie Lam !!!
@christopherconcept926
@christopherconcept926 3 жыл бұрын
This was bound to happen sooner or later. Hong Kong’s advantage was their port, then their relaxed laws welcoming financial investing. But as we can see from financial markets, the real drivers is technology. This is where Hong Kong is falling behind. China’s government is pumping so much money into research, it’s almost impossible for Hong Kong to maintain their competitive advantage. Their status as a financial sanctuary is also in doubt. Most of my friends lost their jobs because investors pulled out. This was before Covid.
@matthewang8934
@matthewang8934 3 жыл бұрын
@Shane L A common trend in every unstable nation, the less riots and protests, the safer it is to have a business investment.
@zee9709
@zee9709 3 жыл бұрын
Whatever happen to HK, in the end its always win for china afterall
@pixelshark160
@pixelshark160 3 жыл бұрын
@Shane L Agreed
@pollumG
@pollumG 3 жыл бұрын
I'm from hk who lives abroad and can say Hk has been dead for at least 15years. Its an 80s city...feels old compared to shenzhen.
@kimbolui5404
@kimbolui5404 3 жыл бұрын
@@matthewang8934 No riots because everyone is just suppressed. You can get arrested before you even open your mouth, thats called thought-crime.
@Andy-ik9ti
@Andy-ik9ti 3 жыл бұрын
Natural progression, if HK still have the superiority mindset. As China is opening up more, HK will lose its status as the only gateway for China.
@condorX2
@condorX2 3 жыл бұрын
Can the CCP make Hong Kong great again? Hong Kong has had one of its economic miracles being one of the 4 Asian little dragons. China CCP had performed possibly, the BIGGEST economic miracle in human history to have lifted over 600 million people from poverty and transformed its economy to become the second largest in the world in less than 40 years. Logically, there is STRONG evidence and reason to believe that China working with Hong Kong will and can deliver GREAT results for Hong Kong and make Hong Kong great again. However, unfortunately, there are many, especially young people in Hong Kong do NOT want China's involvement in Hong Kong even to the extent that they promoted their idea of rather having Hong Kong die economically than to work with China. That's called “Naam Chau”, meaning die together. Why? Some Hong Kong people blame Mainland Chinese for EVERYTHING. Those Hong Kong people, from before 1997 and a few years after 1997, felt they were SUPERIOR to Mainland Chinese due to the earlier economic development of Hong Kong than Mainland China. They felt Mainland Chinese were their poor and silly relatives across the border and didn't think highly of them. Hong Kong, from 1997 to 2003, suffered one of the MOST serious economic depressions in its 150 years history due to the broke out of the Asian Economic Crisis in 1997. Housing prices dropped over 70% and stock market dropped to historical lows. During that same time, China was developing VERY quickly and MANY Mainland Chinese started to get rich and VERY rich. SARS hit Hong Kong during early 2003 and further devastated the Hong Kong economy and the livelihoods of Hong Kong people. After SARS, in order to help revive Hong Kong economy, the Central government in Beijing approved Chinese tourists visiting Hong Kong with a much simplified visa, causing millions of Mainlanders to visit Hong Kong and to shop at LOWER prices in Hong Kong as there was ZERO tax and duties in Hong Kong as free trade port. Hong Kong's economy in a very short time was REVIVED with the new found spending powers of millions of Mainland Chinese going to Hong Kong every month.The downside of this incoming Chinese tourists was that MANY Hong Kong people who used to despise and look down on Mainland Chinese, had to face the reality that SOME are MUCH richer and smarter than them. As usual, when economies did well, prices went up. Prices of Housing, stock market, products of daily use ALL went up and went up SIGNIFICANTLY. More and more smart and hardworking Mainland Chinese studied in Hong Kong or overseas were getting better jobs in Hong Kong and with better pays than Hong Kong people due to their higher caliber. Hong Kong people were LOSING OUT BIG TIME and were forced to face the reality that they were WORSE OFF, at least to those Mainland Chinese who could afford to visit and work in Hong Kong. That caused unrepairable damages to MANY who felt any superiority over Mainland Chinese. Many Hong Kong people, especially those young ones, had witnessed the improving economy but that only benefited the richer and smarter ones and they themselves suffered DECLINING standards of living. The anger and resentment grew BIGGER as Hong Kong depended on Mainland China more and more and MANY Hong Kong young people were just NOT competitive enough in the freest and most capitalistic city in the world. Therefore, some Hong Kong “scholars” and opinion leaders over the years INVENTED a story for the youngsters that in Hong Kong things WERE much better during British colonial rule than after returned to China in 1997. Resentment, angers, frustrations, ignorance GREATLY built up among Hong Kong young people and they wanted to overthrow the Hong Kong government and reduced the influence of Chinese central government on Hong Kong. They wanted to make DRASTIC CHANGES to Hong Kong to “improve” Hong Kong in the names of freedom, human rights and democracy. As a matter of fact, most youngsters who believed this “story” were born AFTER 1997 and had NEVER lived a single day during British colonial rule. Some, especially young people, in Hong Kong believed the story that things WERE much better before 1997 and China was responsible for making their lives difficult. Therefore, they viewed UK and USA as their HELP and SAVIOR to hope to seek assistance and support from them to overthrow Hong Kong and Chinese governments for their “DREAMLAND” to occur in Hong Kong under WESTERN influence and control. In conclusion, it is VERY UNLIKELY Hong Kong will be great again having declining quality of people, especially young ones, and resisting the support and cooperation from China, the MOST dynamic economic powerhouse of the world. -Thomas Lee www.quora.com/Can-the-CCP-make-Hong-Kong-great-again/answer/Thomas-Lee-1181?ch=10&share=2726f7c2&srid=uvAeWa Discussing Hong Kong, Politics, Propaganda, Brainwashing, Media & Coronavirus With Dan Cohen kzfaq.info/get/bejne/qtimpbCIvbOVZqM.html
@bingqizhou6339
@bingqizhou6339 3 жыл бұрын
我发现一直港独废青拿他爸爸的语言在这嚎
@choonkeonglim6178
@choonkeonglim6178 3 жыл бұрын
I feel PRC doesn't want HK to be great. It is like the lost child that came back after it has grown up as a teen. Resources were all poured into Shenzhen.
@bingqizhou6339
@bingqizhou6339 3 жыл бұрын
@@choonkeonglim6178 废青闭嘴
@jzi1012
@jzi1012 3 жыл бұрын
@@choonkeonglim6178 yes why would Chinese want HK to be great again and what was the definition of great. Is it so great while poor - lower average people in HK live in cage home or nano apartment and hk held as no. 1 Asian international financial city.
@aliwakanda7327
@aliwakanda7327 3 жыл бұрын
The only competitive edge of HK has always been its role as the trading channel to the vast Chinese public. Now that it’s possible to invest directly in the mainland, HK is just another Chinese city but with higher housing prices and stricter migrant worker policy. The only pro of HK is basically the freedom politically, which has proven to be an overrated quality in the past few yrs
@djtan3313
@djtan3313 3 жыл бұрын
Spot on.
@misterhill5598
@misterhill5598 3 жыл бұрын
HK was the lucky middle man back in the 80s and 90s while shenzhen was still in early development and China began to open up to the market. This was all temporary and have nothing to do with the Brit. Even at the height of HK prosperity, only the capitalists in HK were rich, the majority of the population remained poor. The Brit thought democracy would be wrong for HK. For entire time HK under British rule, there was not a hint of democracy.
@alanfriesen9837
@alanfriesen9837 3 жыл бұрын
It also has the advantage of being a visa-free zone for most advanced countries. This makes it easier to do business with Hong Kong. Hopefully at some point China will have that policy as well.
@aliwakanda7327
@aliwakanda7327 3 жыл бұрын
@@misterhill5598 HKers weren’t even seen as British citizens. What coloniser does that ffs😅
@misterhill5598
@misterhill5598 3 жыл бұрын
@@aliwakanda7327 technically not a colony. HK was on a 99 years lease. But this is getting off track.
@Alesscamera
@Alesscamera 3 жыл бұрын
Shenzen is one of the best cities i've ever been, way better than HK in many ways!
@thitran1362
@thitran1362 3 жыл бұрын
@qwerty L. Its not like China cares about any of that lol. HK doesn't worth as much to China any more.
@qx3230
@qx3230 3 жыл бұрын
I mean nothing lasts forever
@dengist8172
@dengist8172 3 жыл бұрын
Been to both cities multiple times can confirm this
@thebabbler8867
@thebabbler8867 Жыл бұрын
You're silly. Hong Kong is Asia's only World City for a reason. Shenzhen is underwhelming compared to HK.
@rcl998
@rcl998 3 жыл бұрын
Xi clearly said that China will be less tight with Shenzhen but more tight with HK... the value of HK was it has both tie with China and Western, similar to singapore, except singapore is closer with western but HK is closer to China... China is fine that HK has close tie with western as long as it remain closer to China, that was their bottom line, until balance broken in 2019 when Hkers try to make HK closer to western... So China is now using Macau Shenzhen Hainan as alternative of HK
@condorX2
@condorX2 3 жыл бұрын
Can the CCP make Hong Kong great again? Hong Kong has had one of its economic miracles being one of the 4 Asian little dragons. China CCP had performed possibly, the BIGGEST economic miracle in human history to have lifted over 600 million people from poverty and transformed its economy to become the second largest in the world in less than 40 years. Logically, there is STRONG evidence and reason to believe that China working with Hong Kong will and can deliver GREAT results for Hong Kong and make Hong Kong great again. However, unfortunately, there are many, especially young people in Hong Kong do NOT want China's involvement in Hong Kong even to the extent that they promoted their idea of rather having Hong Kong die economically than to work with China. That's called “Naam Chau”, meaning die together. Why? Some Hong Kong people blame Mainland Chinese for EVERYTHING. Those Hong Kong people, from before 1997 and a few years after 1997, felt they were SUPERIOR to Mainland Chinese due to the earlier economic development of Hong Kong than Mainland China. They felt Mainland Chinese were their poor and silly relatives across the border and didn't think highly of them. Hong Kong, from 1997 to 2003, suffered one of the MOST serious economic depressions in its 150 years history due to the broke out of the Asian Economic Crisis in 1997. Housing prices dropped over 70% and stock market dropped to historical lows. During that same time, China was developing VERY quickly and MANY Mainland Chinese started to get rich and VERY rich. SARS hit Hong Kong during early 2003 and further devastated the Hong Kong economy and the livelihoods of Hong Kong people. After SARS, in order to help revive Hong Kong economy, the Central government in Beijing approved Chinese tourists visiting Hong Kong with a much simplified visa, causing millions of Mainlanders to visit Hong Kong and to shop at LOWER prices in Hong Kong as there was ZERO tax and duties in Hong Kong as free trade port. Hong Kong's economy in a very short time was REVIVED with the new found spending powers of millions of Mainland Chinese going to Hong Kong every month.The downside of this incoming Chinese tourists was that MANY Hong Kong people who used to despise and look down on Mainland Chinese, had to face the reality that SOME are MUCH richer and smarter than them. As usual, when economies did well, prices went up. Prices of Housing, stock market, products of daily use ALL went up and went up SIGNIFICANTLY. More and more smart and hardworking Mainland Chinese studied in Hong Kong or overseas were getting better jobs in Hong Kong and with better pays than Hong Kong people due to their higher caliber. Hong Kong people were LOSING OUT BIG TIME and were forced to face the reality that they were WORSE OFF, at least to those Mainland Chinese who could afford to visit and work in Hong Kong. That caused unrepairable damages to MANY who felt any superiority over Mainland Chinese. Many Hong Kong people, especially those young ones, had witnessed the improving economy but that only benefited the richer and smarter ones and they themselves suffered DECLINING standards of living. The anger and resentment grew BIGGER as Hong Kong depended on Mainland China more and more and MANY Hong Kong young people were just NOT competitive enough in the freest and most capitalistic city in the world. Therefore, some Hong Kong “scholars” and opinion leaders over the years INVENTED a story for the youngsters that in Hong Kong things WERE much better during British colonial rule than after returned to China in 1997. Resentment, angers, frustrations, ignorance GREATLY built up among Hong Kong young people and they wanted to overthrow the Hong Kong government and reduced the influence of Chinese central government on Hong Kong. They wanted to make DRASTIC CHANGES to Hong Kong to “improve” Hong Kong in the names of freedom, human rights and democracy. As a matter of fact, most youngsters who believed this “story” were born AFTER 1997 and had NEVER lived a single day during British colonial rule. Some, especially young people, in Hong Kong believed the story that things WERE much better before 1997 and China was responsible for making their lives difficult. Therefore, they viewed UK and USA as their HELP and SAVIOR to hope to seek assistance and support from them to overthrow Hong Kong and Chinese governments for their “DREAMLAND” to occur in Hong Kong under WESTERN influence and control. In conclusion, it is VERY UNLIKELY Hong Kong will be great again having declining quality of people, especially young ones, and resisting the support and cooperation from China, the MOST dynamic economic powerhouse of the world. -Thomas Lee www.quora.com/Can-the-CCP-make-Hong-Kong-great-again/answer/Thomas-Lee-1181?ch=10&share=2726f7c2&srid=uvAeWa Discussing Hong Kong, Politics, Propaganda, Brainwashing, Media & Coronavirus With Dan Cohen kzfaq.info/get/bejne/qtimpbCIvbOVZqM.html
@rcl998
@rcl998 3 жыл бұрын
@@condorX2 China miracle is 100 times Hong Kong......
@rcl998
@rcl998 3 жыл бұрын
@@tanyeweestudent6856 singapore to diversify... some speaks chinese and remain close to China, but more speaks english only and are pro western
@corruptslayer3745
@corruptslayer3745 3 жыл бұрын
@@tanyeweestudent6856 i am from singapore too, studying in HCI a levels. I think you are only partially right, our government is aligned closer to Westerners, while citizens aligned closer to China.
@achillesrodriguezxx3958
@achillesrodriguezxx3958 3 жыл бұрын
@@corruptslayer3745 Citizens more aligned to China what drugs are you on? The people of Singapore are mostly descended from immigrants that came to Singapore during the Qing Dynasty or the Republic of China when it still controlled the mainland before retreating to Taiwan. The PRC is not your ancestral homeland not after they took over in 1949, the lands where your forefathers came from is current day ROC or better known as Taiwan.
@johnt3500
@johnt3500 3 жыл бұрын
Shenzhen is much more modern than Hong Kong, if you've been to both cities you should know. Hong Kong is full of third-world looking apartment buildings, for a supposed rich city it looks very bad.
@iche9373
@iche9373 3 жыл бұрын
Yeah, and Shenzhen kills its own people [Death Penalty], but Hong Kong doesn't.
@neitherlink6612
@neitherlink6612 3 жыл бұрын
@@iche9373 if you commit a severe enough crime, what’s wrong about that?
@iche9373
@iche9373 3 жыл бұрын
@@neitherlink6612 Prison For Life
@Haotheman
@Haotheman 3 жыл бұрын
@@iche9373 prison is a waste of money
@carlosandleon
@carlosandleon 3 жыл бұрын
@@Haotheman death row is more expensive than prison
@fexe9017
@fexe9017 3 жыл бұрын
Does HK pay tax revenue like Shenzhen does? No? Ok
@willchu
@willchu 3 жыл бұрын
Shenzhen has a higher GDP than Hong Kong for over 3 years now. While HK's economy has been stalling for years. 🤘
@ditsygirl5409
@ditsygirl5409 3 жыл бұрын
But ShenZhen is a 12.5 million population with 396 billion USD GDP compared with HongKong’s 7.4million population with 362 billion USD GDP.. I think Hong Kong is doing really well with 40% less people than ShenZhen.
@leethal59
@leethal59 3 жыл бұрын
@@ditsygirl5409 Yeah and for 100 years Hong Kong has been the number 1 financial hub in the region with its historical rivals (Guangzhou and Shanghai) gone overnight after 1949. Millions of Chinese fleeing the communists, poured into HK after 1949. If you want to blame anyone, blame Hongkongers for not adapting and being competitive in the new globalized capitalist market.
@willchu
@willchu 3 жыл бұрын
@@ditsygirl5409 Hong Kong's economy has been stagnant for years without any signs of growth. While Shenzhen's economy has been growing exponentially for 40 years and will only continue to grow as the backbone of the massively funded investments from the greater bay area project. Hong Kong is a has-been now.
@ditsygirl5409
@ditsygirl5409 3 жыл бұрын
@@leethal59 but Shenzhen is not as productive as Hong Kong in terms of gdp per capita. It’s not fair to compare these 2 cities like that. I hope that you guys be patient and claim your spot when you have beaten HK by gdp per capita. That is the only way you guys can claim superiority to beat them one on one, if not you guys are just winning because you have more people that’s all.
@deschan2246
@deschan2246 3 жыл бұрын
GDP again...sigh.. How much do u understand GDP ?
@grandgao3984
@grandgao3984 3 жыл бұрын
Shenzhen has been rolling out some impressive incentives for highly educated scientists and professionals - sometimes *$100,000 - $300,000+* for talents just to _start their career in the city_ (I have post-doc friends who are applying). HK might still be the financial hub of Asia, but it would struggle to compete in terms of tech startups due to the insane housing prices & living costs.
@djtan3313
@djtan3313 3 жыл бұрын
When u financialise an economy, it’s d road to perdition. Economy must always b based on real things like manufacturing, tech etc, not just shifting money around.
@s._3560
@s._3560 3 жыл бұрын
Why live in tiny HK when you have a enormous beautiful landmass China to live on?
@josephchan5135
@josephchan5135 3 жыл бұрын
Everything goes thru three stages, up, plateau and down. Where is Hong Kong now?
@JewTube001
@JewTube001 3 жыл бұрын
i think it plateaued years ago while the rest of china and many other parts of the world have caught up or even surpassed it
@kenllacer
@kenllacer 3 жыл бұрын
Rock bottom
@WHVII
@WHVII 3 жыл бұрын
It’s at the fourth, vanishing.
@Jeg898
@Jeg898 3 жыл бұрын
For the past few years, down. Now, it’s plummeting even faster
@kheanglam7334
@kheanglam7334 3 жыл бұрын
In the toilet.
@freelunchforchildren4040
@freelunchforchildren4040 3 жыл бұрын
I used to like travelling to Hong Kong, not anymore. Now I spend my vacation in Shenzhen.
@jaisarda8484
@jaisarda8484 3 жыл бұрын
What if Shenzhen and Hong Kong city are merged in a one mega city. It would be tech+finance mega giant.
@ArghyadeepPal
@ArghyadeepPal 3 жыл бұрын
That is the plan, CCP is going to merge most cities of Guangdong province into one big megacity. You could say the Rise of the Cantonese belt..
@jaisarda8484
@jaisarda8484 3 жыл бұрын
@@ArghyadeepPal Actually Cantonese belt is already very flourished and powerful. Kinda scary btw.
@ArghyadeepPal
@ArghyadeepPal 3 жыл бұрын
@@jaisarda8484 Cantonese people are indeed the richest group in China after all.
@qinwang6250
@qinwang6250 3 жыл бұрын
Wrong. Among all provinces in China, Jiangsu has the highest GDP per capita.
@anonymousanonimity6718
@anonymousanonimity6718 3 жыл бұрын
@@ArghyadeepPal shenzhen is mostly non cantonese, and a large portion of HK population were actually comes from shanghai area and northern china
@tomhuu2
@tomhuu2 3 жыл бұрын
Anyone who pays attention the politics & the economy in China would have seen this coming, very very obvious..
@zhiqianwen
@zhiqianwen 3 жыл бұрын
HongKong: Leave me alone Also HongKong: Don't leave me alone *How ironic*
@user-ti2xi9bd4u
@user-ti2xi9bd4u 3 жыл бұрын
$$$$$$$
@vincentdesun
@vincentdesun 3 жыл бұрын
Hongkong: we want to earn as much money from mainland we can. Also Hongkong: we want to stay away from mainland as much as possible. Mainlander: ok let's invest inShenzhen instead. Hongkong: why are we losing?
@jiaweike3518
@jiaweike3518 3 жыл бұрын
No matter how wealthy cities get it should realise their neighbouring cities are also developing.
@RoyalAve321
@RoyalAve321 3 жыл бұрын
HK’s position is defined by HK people. HK people must work as a team. No leader would trust & give bigger task to an unstable chaos sick team. Period.
@ezioauditore5616
@ezioauditore5616 3 жыл бұрын
whats to talk about hk, water and electricity comes from china
@Steven-xf8mz
@Steven-xf8mz 3 жыл бұрын
so is 90% of food.
@pollumG
@pollumG 3 жыл бұрын
@@Steven-xf8mz yep
@tszkintse1423
@tszkintse1423 3 жыл бұрын
Electricity is not from China. btw HK People does not want to use water supply from china because it too expansive. They want to use the water from the seawater desalination plant. But china want that income from HK, so china supply water to HK.
@miac.7514
@miac.7514 3 жыл бұрын
@@tszkintse1423 Some commons sense plz, desalinated water is much more expensive, in 1985 more than 50% of water supply in HK already came from mainland, in 1991 it became 80%.
@deathend8918
@deathend8918 3 жыл бұрын
@@tszkintse1423 you fool
@lunapam2447
@lunapam2447 3 жыл бұрын
what a futuristic looking city, this is the first time I see of Shenzen . I swear chinese megacities are very underrated but thats probably because china is a secretive country. I really respect and admire China
@mindmybusynass.m3602
@mindmybusynass.m3602 3 жыл бұрын
Chinese is not secretive country. Everyone can visit ,stay, apply for work and even live there. Actually many young inteligent women of Westen democracy love living and working in China. Very importantly, the Chinese women have more rights than your kind of blondies in any democracy, especially in USA.
@Neuvari
@Neuvari 3 жыл бұрын
@India Raj well do you comment with your fact based on the western or not? because the western tried to lie their way in with ten thousands victims narrative, if you dont spread like those, then it will be fine to debate
@kimchongify
@kimchongify 3 жыл бұрын
It's not secretive. We just don't like to meddle with anyone else. We only meddle with our family, friends and relatives and not with other countries.
@mlvideos2324
@mlvideos2324 3 жыл бұрын
@@kimchongify your right ... Make love to me baby
@overlord9476
@overlord9476 3 жыл бұрын
@India Raj imagine walking into someones house, they accomadate you and you tunr around to insult them, thats what youre doing. A social credit system is not made to last in the long run, from a peasant background to a superpower, certain habits of rural backwardsness needs to be changed
@route55qatar
@route55qatar 3 жыл бұрын
How nobody talk about CIA roles is astonishing.
@paradoxpubgm3918
@paradoxpubgm3918 3 жыл бұрын
Nobody in China, taking about CCP role in 1989.....
@frenchsalute3170
@frenchsalute3170 3 жыл бұрын
HK riots: We did a great job!
@Blindswordsman1994
@Blindswordsman1994 3 жыл бұрын
CCP: we did our job
@viccivhaha
@viccivhaha 3 жыл бұрын
The difference is not about how well SZ performed but HK focused on political issues in the pass 20yrs.
@caipai7125
@caipai7125 3 жыл бұрын
Yes, you are right. They all want to escape from China.
@viccivhaha
@viccivhaha 3 жыл бұрын
@Lucas muller well, that’s not 100% true when you talking about voting. It’s interesting that so called communism focus on economy while capitalism is on politics.
@endeliggnist5066
@endeliggnist5066 3 жыл бұрын
Hong Kong's obsolescence, while inevitable, was expedited by the very rioters who claimed to be helping further their own city. They have no one to blame but themselves.
@tayspiderx
@tayspiderx 3 жыл бұрын
Hong Kong asked for it
@dannykwan7581
@dannykwan7581 3 жыл бұрын
What's HK's competitive edge exactly? Self-destruction riots? Mentally colonized herd? Anti-China frontier?
@yuegonghuamei6685
@yuegonghuamei6685 3 жыл бұрын
Shen Zhen is already surpassing Ameriscum silicone valley long shot due too many junkies, addict, poors, homeless, racist trouble makers, corrupt politicians, falling infractures, debtbeat and debt in San Jose, California and Ameriscum, so that no way can do better than communist China one.
@John77Doe
@John77Doe 3 жыл бұрын
Danny Kwan Until the National Security Law, Hong Kong was the Mainland center of individualism and creativity. Now Hong Kong has been stifled. 😞😞😞😞😞😞😞😞
@zsarimaxim692
@zsarimaxim692 3 жыл бұрын
@@John77Doe HK is a financial hub while Shenzhen is a technology center. Creativity is obviously not HK's strong suit.
@Robopi3.14
@Robopi3.14 3 жыл бұрын
@@yuegonghuamei6685 learn to spell before writing propaganda
@djtan3313
@djtan3313 3 жыл бұрын
HK’s competitive edge is same as d west. They ‘think’ they r superior. Well, let them keep thinking that...
@jvp9703
@jvp9703 3 жыл бұрын
HK was always meant to be integrated in the Greater Bay Area project. The situation there just needs to stabilize first. Once the foreign fuelled anti-Chinese separatist frenzy dies down and the HK youth realise that the mainland is not the big bad wolf, then they'll be able to take advantage of the opportunities to come, which is exactly what they need.
@girasegina9725
@girasegina9725 3 жыл бұрын
Unfortunately, few people seems to understand this as western msm are still spreading misinformation, or even disinformation.
@hannesH3
@hannesH3 3 жыл бұрын
It is the big bad wolf.
@djtan3313
@djtan3313 3 жыл бұрын
hannesH3 ; u r Pinocchio...?
@hannesH3
@hannesH3 3 жыл бұрын
@@djtan3313 wrong movie
@obsidianstatue
@obsidianstatue 3 жыл бұрын
The root of the problem in Hong Kong is their education system, and the ability to mass produce little rioters. btw, isn't opting out of the Greater Bay development one of the key aims for the anti-China rioters in Hong Kong?
@yttean98
@yttean98 3 жыл бұрын
let the competition begins between Shenzhen and Hong Kong.
@yxxhz.4171
@yxxhz.4171 3 жыл бұрын
both are chinese cities . Actully not bad for the whole country
@xiaomose7495
@xiaomose7495 3 жыл бұрын
More competition more innovation, unlike some western company that will do anything to bring down competitor into bankrupt ASAP so they can keep the monopolist
@user-er9uv8nk6v
@user-er9uv8nk6v 3 жыл бұрын
It doenst fair at all
@user-ur9fz9io4k
@user-ur9fz9io4k 3 жыл бұрын
Hong Kong has failed to catch the wave of Internet development. China's famous Internet companies are all based on the mainland.
@andreandree4384
@andreandree4384 3 жыл бұрын
I always prefer to say in Hong Kong than mainland, I need my daily dose of free media and internet or should I use a VPN in mainland and Shenzhen?
@justsomerandomguywithoutab5896
@justsomerandomguywithoutab5896 3 жыл бұрын
Hong Kong and Shenzhen does two different things. Hong Kong is an international hub, while Shenzhen is a SIlicon Valley equivalent for China, which is national. Since both areas have different purposes, I do not see why Hong Kong should be worried about being overtaken for international hub activities by Shenzhen at this time, unless Xi decides that Shenzhen will take the same route and make the city also an international financial hub, which would then be a worrying development. But until then, it isn't that big of a concern. There is no competition for two different activities.
@fatpigeon1066
@fatpigeon1066 3 жыл бұрын
Agreed
@glowndark1
@glowndark1 2 жыл бұрын
This is from SCMP, mind you!
@GwyyshsbakIzjsbsbszjzjzjhh
@GwyyshsbakIzjsbsbszjzjzjhh Жыл бұрын
Hong Kong's prosperity comes from the fact that it's the hub to trade with the closed poor economy of China. When China is no longer these, Hong Kong would be surpassed by Mainland cities. For long HK was the financial hub of Chinese East Asia and now Shanghai retook its rightful position. So it is just natural for HK to feel less important than before. HK's Golden age in the 60s and 70s isn't coming back. They have to move on.
@piplupempoleon4225
@piplupempoleon4225 Жыл бұрын
thats early 2010s theory, now its 2020 where technology even more matters
@thebabbler8867
@thebabbler8867 Жыл бұрын
@@GwyyshsbakIzjsbsbszjzjzjhh No. HK is still and will always be China's Premier Financial Hub. Shenzhen was never in competition with Hong Kong.
@madsam0320
@madsam0320 3 жыл бұрын
HK is too arrogant, looking down on mainland Chinese and calling them locusts. We have news for you, locusts are doing better than you 😅
@tsaoa
@tsaoa 3 жыл бұрын
But the problem is most people in Asia look down on mainlanders. Even Vietnamese don't like mainlanders.
@generalx5220
@generalx5220 3 жыл бұрын
20 years ago, any mainland women would marry a man from HKG without hesitation and without even seeing the man. Today, mainland women’s don’t see anything special anymore. Some been shun those from HKG.
@jiaweike3518
@jiaweike3518 3 жыл бұрын
If you can have better living standards in the mainland then it is a fair game for both guys either Hong Kong or mainland while trying to court a bride.
@qinwang6250
@qinwang6250 3 жыл бұрын
This "any Mainland woman" surely does not include me...
@Wongwanchungwongjumbo
@Wongwanchungwongjumbo 3 жыл бұрын
No wonder that Hong Kong Manufacturing sectors had relocate Some Factories to Shen Zhen due to the lower costs and manpower employment labour cheaper than Hong Kong 🇭🇰.
@World-of-Fireworks
@World-of-Fireworks 3 жыл бұрын
@@fattyacid1901 Shenzhen average salary per month: 10,088 yuan HK average salary per month: 14,500 yuan Sources: www.chinadaily.com.cn/a/201907/04/WS5d1d63cfa3105895c2e7ba4d.html tradingeconomics.com/hong-kong/wages
@vincentdesun
@vincentdesun 3 жыл бұрын
@@World-of-Fireworks Shenzhen average rental per month: 2,000 yuan. HK average rental per month: 9.999.999.999.999.999 yuan, oh and you live in a cage on a two floor bed.
@generalx5220
@generalx5220 3 жыл бұрын
HK took 150 years to get to what it is today. Shenzhen took only 40 years.
@Robopi3.14
@Robopi3.14 3 жыл бұрын
They're totally different though, so it doesn't make sense to compare them
@generalx5220
@generalx5220 3 жыл бұрын
Okay fine, then compare Singapore and Hong Kong. How long did Singapore take?
@darlenezamora1277
@darlenezamora1277 3 жыл бұрын
Thank you for sharing this video. 🙏🙏🙏🙏
@sue-lynyeoh8137
@sue-lynyeoh8137 3 жыл бұрын
This was always going to happen. China is going to forge ahead regardless of critcs and will sweep aside self-destructive HK protestors. It will never allow itself be bullied and humiliated by foreign powers (British, American, European and Japanese) ever again, as it was in much of the 19th and 20th centuries.
@RD-ht6go
@RD-ht6go 3 жыл бұрын
Exactly
@pedrolukas3418
@pedrolukas3418 3 жыл бұрын
add me via hangout application so we video call peddroo953@gmail.com
@RayMak
@RayMak 3 жыл бұрын
Hong Kong is very much lagging behind...
@hradvines2090
@hradvines2090 3 жыл бұрын
Every cities need to competitive and cooperate at same time
@DexterGG
@DexterGG 3 жыл бұрын
I'm kinda surprised this video has narrator.
@Kiyoone
@Kiyoone 3 жыл бұрын
HK "protests" looks very peaceful compared to those in USA... and China seems a much more better and cleaner place than any state of USA...
@bw1678
@bw1678 3 жыл бұрын
Just thinking of the fish caught in the fishing village of HK makes me hungry.
@blackcat_wing4115
@blackcat_wing4115 2 жыл бұрын
Proud to be Shenzhen people😆😆😆
@andis9076
@andis9076 3 жыл бұрын
How can they empty such a huge tank ? I don't see any pump.
@IKNFLY666
@IKNFLY666 3 жыл бұрын
Hong Kong’s economic growth rest solely on property bubbles, the financial services in Hong Kong solely serves the property developers and speculators. So it’s doom to fall.
@kalmdwn7711
@kalmdwn7711 3 жыл бұрын
Last time we dealt with HK manufacturers. Nowadays it's all Shenzhen. We don't bother with HK anymore.
@GOKUBLACK-xq4is
@GOKUBLACK-xq4is 2 жыл бұрын
Hong Kong is Past, Shenzhen is Future 🇨🇳💪
@androidone4808
@androidone4808 3 жыл бұрын
The biggest nail in the coffin for HK actually comes from the US. No more "Made in Hong Kong" allowed. I thought the US wanted to help HK. I guess not. 🤷🏻‍♂️
@Robopi3.14
@Robopi3.14 3 жыл бұрын
Its under the control of the CCP right now, so what point is there to help
@Robopi3.14
@Robopi3.14 3 жыл бұрын
@Jam Lee You're missing the point
@edwink1467
@edwink1467 3 жыл бұрын
I disagree about the made in Hong Kong part. For one, Hong Kong barely manufactures anything in the 21st century to begin with. Most of its economy is service based. Besides, the labeling of “Made in Hong Kong” is only prohibited for goods exported to the US. It has no effect on goods exported elsewhere or intended for domestic consumption. In other words, the effect is next to none. The nail in the coffin for HK is actually the rapid rise of several Chinese cities like Shenzhen and Shanghai that could replace the role of Hong Kong in the future should the local political situation worsens.
@wayne0316
@wayne0316 3 жыл бұрын
1:02 this is how you know SCMP is definitely not a CCP mouthpiece when Taiwan was not shown on a Chinese map.
@opinionvoice
@opinionvoice 3 жыл бұрын
is a traitor channel
@user-vv7ir1pl4j
@user-vv7ir1pl4j 3 жыл бұрын
I mean that’s how it is for a lot of Chinese company’s not all of them are pro China and the ccp is fine with it mostly the west just tried to emphasise china’s view
@metalguy5094
@metalguy5094 3 жыл бұрын
Hong Kong's immediate decline is caused by a segment of the Hong Kong population. Do we need to act surprised ? Reminiscing about the 80's has no bearing on the current reality. Everything is very clear in front of our eyes. Mainlander used to think highly of the people of Hong Kong. USED TO, not any more. The large part of the younger generation has proved that they are more than ignorant. They are not only embarassing for the people in Hong Kong, but for all the ethnic Chinese all over the world. People in Hong Kong has very little understanding of international politics. They don't realize the same method of induced internal conflict has been deployed in many countries all over the world, damaging the economic foundation of those societies. The democratic processes available to the district councils and legislative council have already resulted in substantial number of members with hooligan behaviour, spending too much time bickering about nonsense, causing stagnant operations, and not moving forward productively. This is a sign that Hong Kong is far from ready for any further democratic process. Substantial amount of people in Hong Kong has asked for the disintegration of the fabric of their society, they got what they asked for. So Hong Kong is just incapable of being the leader of the great bay area. You don't need to be very smart to figure this out.
@TorterryChiu
@TorterryChiu 3 жыл бұрын
Shenzhen is amazing!!! We love Shenzhen.
@ShenzhenPages
@ShenzhenPages 3 жыл бұрын
Shenzhen needs Hong Kong, Hong Kong needs Shenzhen.
@elfacisco
@elfacisco 3 жыл бұрын
I like that president speaks, and everybody is guessing the meaning. So productive...
@John77Doe
@John77Doe 3 жыл бұрын
Not enough English speakers in Shenzhen. It can never replace Hong Kong. 😐😐😐😐😐
@cheungchingtong
@cheungchingtong 3 жыл бұрын
So I heard Donald Trump's grand daughter was learning Chinese.
@harveyzeroq5284
@harveyzeroq5284 3 жыл бұрын
@@cheungchingtong she learned it very well. You can watch the video of her reciting a Chinese poem.
@MrStylesC
@MrStylesC 3 жыл бұрын
Beautiful cities... I wish we were friends..
@ke._njil.o.h2458
@ke._njil.o.h2458 3 жыл бұрын
Nice job teenagers for ruining hk reputation wow all your ancestors hard work gone to waste
@junkeatng
@junkeatng 3 жыл бұрын
Too bad their 'fingers bent outwards instead of inwards'.
@junkeatng
@junkeatng 3 жыл бұрын
On the contrary, I was referring to the fact that the Hong Kong people have forgotten that they are of Chinese origin and have rebelled on behalf of their colonial masters, ie. US and UK. Clearly a brainwashed bunch.
@cilbup
@cilbup 3 жыл бұрын
Hong Kong is in the middle of becoming a history
@Robopi3.14
@Robopi3.14 3 жыл бұрын
not really, its still a very famous city, and shenzhen and hong kong play different roles
@wj3018
@wj3018 3 жыл бұрын
HK's Economy will follow its entertainment industry, soon or later.
@user-sj2vy5qj3p
@user-sj2vy5qj3p 3 жыл бұрын
Thanks Wong!
@JackbladeWoW
@JackbladeWoW 3 жыл бұрын
Hong Kong is the dad of Shenzhen, now Hong Kong is a grandpa and Shenzhen is a dad
@haha4581
@haha4581 3 жыл бұрын
HK has ceased and SZ took over.
@Robopi3.14
@Robopi3.14 3 жыл бұрын
@@haha4581 it still exists tho
@vincentdesun
@vincentdesun 3 жыл бұрын
Hong Kong is a rich kid of China. now Hong Kong smokes drug and daydreams everyday while Shenzhen overtakes it by hardworking.
@jasonreviews
@jasonreviews 3 жыл бұрын
I guess my grandpa was wise to leave HK. haha!
@markdurane3682
@markdurane3682 3 жыл бұрын
where'd he leave to
@johnniewalker7628
@johnniewalker7628 3 жыл бұрын
I can understand why HKers are freaking out these days. Watching HK dramas in the 80s, Mainlanders were looked down up on. HK was better than mainland in almost every aspects.
@greenanthony5821
@greenanthony5821 3 жыл бұрын
Cooperation is the solution. Not competition.
@Peizxcv
@Peizxcv 3 жыл бұрын
Rioting high school and college students usually don’t signal “development” to investors, innovators, and entrepreneurs.
@andreandree4384
@andreandree4384 3 жыл бұрын
Shenzhen, international hub (?), got access to the free web and media ???
@jasonwong4447
@jasonwong4447 3 жыл бұрын
Do you know sth called VPN
@RD-ht6go
@RD-ht6go 3 жыл бұрын
The question in the thumbnail is very simple. Yes and it won't stop.
@Maxy5858
@Maxy5858 3 жыл бұрын
The answer is "YES"
@capespring
@capespring 3 жыл бұрын
with Trump (US) uninterested to trade with China, Hong Kong has tiny role.
@kongwee1978
@kongwee1978 3 жыл бұрын
nope, it is the most easy place to exchange any currency into RMB.
@minnkosviv
@minnkosviv 3 жыл бұрын
Y'all come visit me in Shenzhen, Imma bring you to the best restaurants I know 😤 people who are going to comment about corona, don't because it's practically not there anymore
@fatpigeon1066
@fatpigeon1066 3 жыл бұрын
I'm sure there are very nice restaurants:)
@minnkosviv
@minnkosviv 3 жыл бұрын
@Anak Kalimantan Not going to list any names but coconut chicken restaurants are the best in Shenzhen! Coconut chicken if you didn't know is soup made with the coconut flesh and chicken. The soup has a rich taste of coconut and you eat the chicken with soy sauce. It's delicious!
@fatpigeon1066
@fatpigeon1066 3 жыл бұрын
@@minnkosviv sound yummy, does the dish have rice?
@minnkosviv
@minnkosviv 3 жыл бұрын
@@fatpigeon1066 mm..not really, you just drink the soup. I mean, unless you want to mix the rice with the soup and eat it together. But it's sweet so-
@fatpigeon1066
@fatpigeon1066 3 жыл бұрын
@@minnkosviv nice
@Tod_x
@Tod_x Жыл бұрын
most of my online buying product's come from Guangdong
@rebbiakiva
@rebbiakiva 3 жыл бұрын
Hong Kong's only chance for survival would have been independence. If the HK people would have been able to gain independence, HK would become greater than Singapore.
@exs1803
@exs1803 3 жыл бұрын
You are dreaming. You dont know how dependent HK is on China. If China just cut off the water supply HK is dead.
@dwchen1
@dwchen1 3 жыл бұрын
When China is opening up in 1978 China need Hongkong as a gate for international investors to come. But for the last 40 years Hongkong economy will not be as big as what it is today if not due to China transformation and development. So Hongkong benefited hugely for the last 40 years. Start from when China was still poor until China transformed into a colossal giant today and Hongkong came along with it. In 1978 Hongkong economy was 14% of China, fast forward to 2019 Hongkong economy was only 2% of China. It's not like Hongkong was shrinking, but China oversized it until Hongkong became less significant in term of size. In the past when investors and traders want to enter China they have to go through Hongkong. Nowdays they just need to jump in to Shanghai, Beijing, Shenzhen, Guangzhou, Hangzhou, Tianjin, Xingtao, your choice. Both benefited mutually, both needed each other. But as time passes China will need less and less Hongkong in the future.
@ssm7593
@ssm7593 3 жыл бұрын
I'm jealous
@felixcsao4184
@felixcsao4184 3 жыл бұрын
HK rioters really ruined their city 😳
@jackl2257
@jackl2257 3 жыл бұрын
yes
@cbrtdgh4210
@cbrtdgh4210 3 жыл бұрын
It's like comparing New York with Silicon Valley.
@meckell886
@meckell886 3 жыл бұрын
China has been giving HK port privelges for decades, but since HK repayed their gratitude with protests and disruptions, of course China would now start ramping up Shenzhen ports and focus solely there... They brought this one on themselves.
@zupermaus9276
@zupermaus9276 3 жыл бұрын
It's not Shen-Zenn, it's Shn-jn
@zupermaus9276
@zupermaus9276 3 жыл бұрын
@califood3618 No worries Caley
@user-ti2xi9bd4u
@user-ti2xi9bd4u 3 жыл бұрын
1:14 The China Bay Area vs The California Bay Area in 2035 lol
@prokshhh
@prokshhh 3 жыл бұрын
Why are people shocked? I live in SZX & this was bound to happen
@vanyuan1841
@vanyuan1841 3 жыл бұрын
Political drama stuns growth; imagine fighting with your girlfriend everyday, its hard to get things done.
@investia
@investia 3 жыл бұрын
Historically Hong Kong is part of Shenzhen. It is natural to merging back with Shenzhen after decolonization no matter you like it or not.
@ebbeb9827
@ebbeb9827 3 жыл бұрын
shenzhen didnt exist 30 years ago lol
@redpillaesthetics3835
@redpillaesthetics3835 3 жыл бұрын
Some people are more equal than others
@Mikasaxx0
@Mikasaxx0 3 жыл бұрын
Hong Kong is so expensive so why are people even surprise.
@leethal59
@leethal59 3 жыл бұрын
Yeah and real estate in Shenzhen is even more expensive.
@fatpigeon1066
@fatpigeon1066 3 жыл бұрын
So much toxicity in the comments. Funny how Chinese users only come out in force on China vid and nothing else
@Brick-Life
@Brick-Life 3 жыл бұрын
the smart people of hong kong move to Mainland to experience best life and those who stay muck around
@gungasharjampatenzin2993
@gungasharjampatenzin2993 3 жыл бұрын
Dont worry alway happy ,i will look for you all. You take care.👍👍👍🤝🤝🤝👍👍
@debl5848
@debl5848 3 жыл бұрын
The future of a land depends on its inhabitants. You want growth and prosperity or endless fights?
@kagakai7729
@kagakai7729 3 жыл бұрын
You mean that the one competetive Chinese city up until now was the Westernized one? Nice.
@girafffurious
@girafffurious 3 жыл бұрын
smthg wrong? hk will be returning into a small fishing village, as it had been hundreds years ago
@RoodeMenon
@RoodeMenon 3 жыл бұрын
For Hong Kong, The writing was on the wall in big bold letters way back in 1997.
@prateeksrivastava386
@prateeksrivastava386 2 жыл бұрын
proud to be chinese .... china , land of culture
@jasonlu5545
@jasonlu5545 3 жыл бұрын
再也不是香港货车司机在深圳包二奶三奶的年代了。
@xuchen4012
@xuchen4012 3 жыл бұрын
货车司机房都租不起,还特么做梦包二奶?
@aaronh6852
@aaronh6852 3 жыл бұрын
Some Hkers are like: young people protesting out on the street is way more productive.
@condorX2
@condorX2 3 жыл бұрын
Can the CCP make Hong Kong great again? Hong Kong has had one of its economic miracles being one of the 4 Asian little dragons. China CCP had performed possibly, the BIGGEST economic miracle in human history to have lifted over 600 million people from poverty and transformed its economy to become the second largest in the world in less than 40 years. Logically, there is STRONG evidence and reason to believe that China working with Hong Kong will and can deliver GREAT results for Hong Kong and make Hong Kong great again. However, unfortunately, there are many, especially young people in Hong Kong do NOT want China's involvement in Hong Kong even to the extent that they promoted their idea of rather having Hong Kong die economically than to work with China. That's called “Naam Chau”, meaning die together. Why? Some Hong Kong people blame Mainland Chinese for EVERYTHING. Those Hong Kong people, from before 1997 and a few years after 1997, felt they were SUPERIOR to Mainland Chinese due to the earlier economic development of Hong Kong than Mainland China. They felt Mainland Chinese were their poor and silly relatives across the border and didn't think highly of them. Hong Kong, from 1997 to 2003, suffered one of the MOST serious economic depressions in its 150 years history due to the broke out of the Asian Economic Crisis in 1997. Housing prices dropped over 70% and stock market dropped to historical lows. During that same time, China was developing VERY quickly and MANY Mainland Chinese started to get rich and VERY rich. SARS hit Hong Kong during early 2003 and further devastated the Hong Kong economy and the livelihoods of Hong Kong people. After SARS, in order to help revive Hong Kong economy, the Central government in Beijing approved Chinese tourists visiting Hong Kong with a much simplified visa, causing millions of Mainlanders to visit Hong Kong and to shop at LOWER prices in Hong Kong as there was ZERO tax and duties in Hong Kong as free trade port. Hong Kong's economy in a very short time was REVIVED with the new found spending powers of millions of Mainland Chinese going to Hong Kong every month.The downside of this incoming Chinese tourists was that MANY Hong Kong people who used to despise and look down on Mainland Chinese, had to face the reality that SOME are MUCH richer and smarter than them. As usual, when economies did well, prices went up. Prices of Housing, stock market, products of daily use ALL went up and went up SIGNIFICANTLY. More and more smart and hardworking Mainland Chinese studied in Hong Kong or overseas were getting better jobs in Hong Kong and with better pays than Hong Kong people due to their higher caliber. Hong Kong people were LOSING OUT BIG TIME and were forced to face the reality that they were WORSE OFF, at least to those Mainland Chinese who could afford to visit and work in Hong Kong. That caused unrepairable damages to MANY who felt any superiority over Mainland Chinese. Many Hong Kong people, especially those young ones, had witnessed the improving economy but that only benefited the richer and smarter ones and they themselves suffered DECLINING standards of living. The anger and resentment grew BIGGER as Hong Kong depended on Mainland China more and more and MANY Hong Kong young people were just NOT competitive enough in the freest and most capitalistic city in the world. Therefore, some Hong Kong “scholars” and opinion leaders over the years INVENTED a story for the youngsters that in Hong Kong things WERE much better during British colonial rule than after returned to China in 1997. Resentment, angers, frustrations, ignorance GREATLY built up among Hong Kong young people and they wanted to overthrow the Hong Kong government and reduced the influence of Chinese central government on Hong Kong. They wanted to make DRASTIC CHANGES to Hong Kong to “improve” Hong Kong in the names of freedom, human rights and democracy. As a matter of fact, most youngsters who believed this “story” were born AFTER 1997 and had NEVER lived a single day during British colonial rule. Some, especially young people, in Hong Kong believed the story that things WERE much better before 1997 and China was responsible for making their lives difficult. Therefore, they viewed UK and USA as their HELP and SAVIOR to hope to seek assistance and support from them to overthrow Hong Kong and Chinese governments for their “DREAMLAND” to occur in Hong Kong under WESTERN influence and control. In conclusion, it is VERY UNLIKELY Hong Kong will be great again having declining quality of people, especially young ones, and resisting the support and cooperation from China, the MOST dynamic economic powerhouse of the world. -Thomas Lee www.quora.com/Can-the-CCP-make-Hong-Kong-great-again/answer/Thomas-Lee-1181?ch=10&share=2726f7c2&srid=uvAeWa Discussing Hong Kong, Politics, Propaganda, Brainwashing, Media & Coronavirus With Dan Cohen kzfaq.info/get/bejne/qtimpbCIvbOVZqM.html
@World-of-Fireworks
@World-of-Fireworks 3 жыл бұрын
@@condorX2 can you please copy and post your comment again? I missed to read it. Thank you
@condorX2
@condorX2 3 жыл бұрын
@@World-of-Fireworks 😁🍻
@Lost_Johnny
@Lost_Johnny 2 ай бұрын
HK needs to innovate more. It is stuck in the past.
@ViolaGMidi
@ViolaGMidi 3 жыл бұрын
Yet, HK politicians still live in dreams.
@louistan3731
@louistan3731 3 жыл бұрын
I thought hongkong said they don't need china? What now?
@whiteholeeducationcenter
@whiteholeeducationcenter 3 жыл бұрын
Love for China from Pakistan 🇵🇰.
@Chineseguy777
@Chineseguy777 3 жыл бұрын
You should also mention singapore's role in bringing down Hong Kong
@Blindswordsman1994
@Blindswordsman1994 3 жыл бұрын
People say Shenzhen or Shanghai will overtake Hong Kong. But then why does Alibaba float on the Hong Kong stock exchange instead of the Shanghai stock exchange
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