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turned into the economic capital of southern China, with Hong Kong
providing capital and technology, as well as managerial, financial and
marketing skills while Guangdong provides land and labour. Hong Kong is
the engine that drives the Guangdong economy. The Hong Kong dollar is now
widely accepted in Guangzhou and other parts of Guangdong province where
it is believed nearly 20 per cent of all Hong Kong dollars are in
circulation.
by Saddam Hussein, Presumably?
Hong Kong lies at the apex of what has been called "the mother of all
growth triangles." The triangle of Southeast China, Taiwan and Hong Kong
is growing more rapidly in real terms than any other region in the world.
If Guangdong were a country, it would be the fastest growing country in
the world. All expectations are that such growth will continue well into
the next century. Hong Kong's role as the hub of the Asia Pacific Region
and its strategic position as the gateway to China will ensure its
prominence as an international centre in the coming decades. China's
commitment to further economic reforms was reaffirmed by patriarch Deng
Xiaoping's journey to southern China earlier this year. Beijing has made
clear its determination to speed up the reform process as well as to
combat leftist forces. Vice Premier Tian Jiyun has even suggested that
eventually the whole of China could become one vast special economic zone.
Because of this, many people, especially businessmen, now see China not as
the greatest liability in Hong Kong's future, but as the territory's
greatest asset.
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