Liang Zhenying: Very Envious Of Shenzhen'S Development Speed.

Liang Zhenying, chief executive of the Hongkong Special Administrative Region, visited Shenzhen 30 days ago to meet Wang Rong, Secretary of the Shenzhen Municipal Committee.

Liang Zhenying said he was very envious of the speed of development in Shenzhen. If Hongkong achieves half the speed of Shenzhen, it has been very good.

At present, the annual growth rate of Hongkong's economy is only about 2%, while the growth rate of the main central cities in the mainland is over 7%.

The Shenzhen special economic zone has been established for more than thirty years. With the development of new industries, Shenzhen's GDP increased by 10% in 2014 and exceeded 1 trillion and 500 billion. It is estimated that Shenzhen will become another GDP city after Hongkong and Beijing after Hongkong and Beijing.

Liang Zhenying said that in the past, cooperation between Hongkong and Shenzhen was comprehensive, and the cooperation outside the economic sphere, including social development and people's livelihood, had achieved good results.

He is very envious of the speed of development in Shenzhen. If Hongkong achieves half the speed of Shenzhen, it is already very good.

He also expressed the hope that the two sides could strengthen scientific and technological cooperation and the government would make new announcements in the next one or two weeks.

Wang Rong thanked Hongkong for its support for Shenzhen for so many years, saying that without Hongkong, Shenzhen could not have made such a great achievement.

He said that strengthening cooperation between Shenzhen and Hong Kong could better promote the development of Guangdong free trade area.

Dong Jianhua, the first chief executive and vice chairman of the National Committee of the Chinese people's Political Consultative Conference (CPPCC), said earlier that "GDP" was the 16% of the country's Hongkong when it returned to China, but today its GDP accounts for only 3% of the country's total.

In 2013, the total GDP in Hongkong was only 2.9% of that of the whole country and 15.6% in the time of return.

According to reckoning last year by the Chi Valley trend research center, the total economic volume of cities such as Guangzhou, Shenzhen and Tianjin is only about 3 to 4 years longer than that of Hongkong, that is, around 2017.

By the year 2022, the total economic volume of Chongqing, Chengdu, Wuhan, Hangzhou and other cities is expected to be comparable to that of Hongkong. Hongkong's position in China's urban economic sequence may be just a second tier city.

To GDP this year or surpass Shenzhen, Dagong net has sighed and shouted: "Hongkong people must stop internal friction, concentrate their efforts on fighting the economy and enhancing competitiveness, otherwise it will be too late."

The grand public network points out that

The lack of new economic growth points and the lack of diversification are the key factors.

All along, the government has concentrated resources to maintain the current four pillars of the economy, including

Financial, tourism and professional services contributed nearly 60% of the gross domestic product, employing more than one million and seven hundred thousand people, accounting for nearly half of the labour force in Hongkong. As long as the four pillar industries were maintained, the economy of Hongkong was very limited. Therefore, the importance of developing new industries was neglected. The lack of policy coordination and resources investment, especially new industries such as innovation and technology, made the economy of China's economy further upgrade and pform slowly.

Hongkong's institutional dividend is also decreasing.

In the long run, the internationalization of RMB, especially the convertibility of RMB under capital account, will further weaken Hongkong's financial position.

As China and the global capital exchange more smoothly, Hongkong's special position in overseas and domestic capital turnover will also decline.

The officials in Hongkong who visited Liang Zhenying included Tan Zhiyuan, Secretary of the Political Bureau of the Special Administrative Region and the Mainland Affairs Bureau, Secretary for education, Wu Kejian, Secretary for development Chen Maobo, director of the Department of information services, Nie Dequan, Chief Secretary of the chief executive, Mr Chan Kai sin, senior special assistant to the chief executive, Chen Jianping and assistant director Li rizheng.

During his visit to Guangdong Province, Liang Zhenying, the Chief Secretary for administration of the Special Administrative Region of the HKSAR and Lin Zhengyuee, the financial secretary, respectively, acted as chief executive of the Special Administrative Region in the morning and afternoon.