293766198 - Hong Kongs role in Pan Pearl River Delta...

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Hong Kong’s role in Pan Pearl River Delta Development 1. Pan-Pearl River regional co-ordination in blueprint In the vast areas south of the Yangtze River, local economies should be consolidated to form a better co-ordinated economic area called the "Pan-Pearl River Delta Region", 1
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which actually covers eight provinces, one autonomous region and two special administrative regions plus one municipality directly under the central government. That is the vision conceived by Guangdong Governor Zhang Dejiang and will be explored in detail at a forum scheduled to be held early next month. Liang Guiquan, president of the Guangdong Academy of Social Sciences, the organizer of the forum as well as the consultant on the notion, talked to China Daily to elaborate on his win-win theory for economic co-operation on such a vast scale. Liang explained that every economy has its own unique pace. When a market is fully developed, one naturally looks outward for further growth. It usually starts with merchandise, and then graduates to capital. "Made-in-Guangdong" products have always been popular in neighbouring provinces, and "in my opinion, we have reached the stage when we will export capital to these places", said Liang. Industrial expansion means there will be need for more space. Wherever a market emerges, manufacturing will follow to better serve this market. Guangdong is actively developing its service industries now, but eventually that will mature, too. So, in the next 20 years, Guangdong's economic clout will "spill over" to its neighbours and stimulate the growth in those places. Liang said that two years ago there was a palpable sense of rivalry of "I grow and you remain stagnant and that will make me look good". For example, Guangxi was quite wary of its eastern neighbour and pushed for its own port in the south. "If you compare the traffic on the two highways, you'll instantly know that economic growth defies administrative meddling. It has its own logic. The highway from Guangxi to Guangdong is much busier than the north-south artery inside Guangxi. An economic bright spot naturally attracts those around it," asserted Liang. 2
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He further maintained that the less-developed areas have to be "pulled along" in growth, otherwise you won't have a new market or new resources because consumers in those places would not be able to afford your products and services. "I used to suggest to provincial-level leaders that when we plan for Guangdong's future, we will have to keep in mind the surrounding provinces. It's for the benefit of sustainable growth. Americans don't seem to realize that as they always find trouble with China's growth," he said, referring to the wave of protectionism and China-bashing in the US. "This is a situation of interdependence," Liang clarified. "Since Guangdong took off
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This note was uploaded on 02/26/2011 for the course ENG 307 taught by Professor Dr.t.t.wong during the Spring '11 term at Hong Kong Polytechnic University.

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293766198 - Hong Kongs role in Pan Pearl River Delta...

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