Industrial structural changes in Hong Kong, China under one country, two systems framework |
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| Authors: | Simon Xiaobin Zhao Yingming Chan Carola B Ramón-Berjano |
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| Institution: | Simon Xiaobin ZHAO,Yingming CHAN,Carola B RAMóN-BERJANO(International Center for China Development Studies & Department of Geography,Faculty of Social Sciences,the University of Hong Kong,Hong Kong,China) |
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| Abstract: | Hong Kong has undergone substantial economic transformations and developed into a sophisticated business and financial center in the Asia-Pacific region,since the return of sovereignty to China as a Special Administrative Region under the One Country Two Systems (OCTS) in 1997.This paper discusses and analyzes the industrial structural changes of Hong Kong in recent decades as well as its future challenges and opportunities.The data and finding reveal that even though Hong Kong will face fierce competition from the Mainland’s cities as the rise of China,the important role as a bridge between China and the rest of the world will brace Hong Kong itself under the OCTS for developing into a service hub for business and trade in the Asia-Pacific region. |
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| Keywords: | economic transformation Hong Kong industrial structural changes One Country Two Systems |
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