INVISIBLES
Invisible trade (including tourism) and financial links have also been developing rapidly in recent years.
LINKS WITH GUANGDONG
Of all provinces in China, Hong Kong has its closest economic relations with Guangdong. Guangdong is now China's top exporting province. Hong Kong is its largest export market, accounting for nearly 70% of the province's total exports. Hong Kong is also most important source of foreign investment in Guangdong (60-80%).
Access to business opportunities and economic resources in China have been major factors in sustaining rapid growth of Hong Kong's economy. Neighbouring province of Guangdong plays vital part in this. In Guangdong Province alone, estimated to be between 1.5 and 2 million people employed directly or indirectly by Hong Kong business. More than total number employed in the manufacturing
sector in Hong Kong.
With continuation of open door policy, China's economy seems set
Pearl River Delta to become increasingly externally oriented. region in particular shows every sign of continuing to be an area of high growth. Hong Kong already has important role to play in economic development of southern China and, more widely, of China
as a whole.
RELATIONSHIP BETWEEN HONG KONG AND CHINA'S SPECIAL ECONOMIC ZONES
The Special Economic Zones (SEZs) Shenzhen, Zhuhai, Shantou Xiamen and Hainan Province - not a prototype for Hong Kong.
Hong Kong SAR will have far more political autonomy than SEZ8: Special rules and regulations apply in SEZs but these are exclusively in economic fields, not political/legal/judicial areas