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Greater Bay Area | A correct view of the Guangdong-Hong Kong-Macao Greater Bay Area

2020-10-27T09:11:58.507Z

Earlier, President Xi Jinping delivered a speech at the 40th anniversary of the establishment of the Shenzhen Special Economic Zone. The content focused on the vision for the development of the Greater Bay Area, including Shenzhen’s positioning and expectations in the Greater Bay Area. Hong Kong has always had two completely different views on the Guangdong-Hong Kong-Macao Greater Bay Area: one regards the Greater Bay Area as "a panacea for solving Hong Kong's land shortage and youth development plight", and the other regards it as a "united front tool." Even "scams." Demonization is definitely not desirable, but infinite elevation does not mean rationality and objectiveness. The misunderstanding and exaggerated publicity of the Guangdong-Hong Kong-Macao Greater Bay Area will not only help Hong Kong people to face its value squarely, but will also be counterproductive. Written by: Policy Researcher Yu Jingwei



Political situation

Author: Contribution

2020-10-27 17:00

Last update date: 2020-10-27 17:00

Earlier, President Xi Jinping delivered a speech at the 40th anniversary of the establishment of the Shenzhen Special Economic Zone. The content focused on the vision for the development of the Greater Bay Area, including Shenzhen’s positioning and expectations in the Greater Bay Area.

Hong Kong has always had two completely different views on the Guangdong-Hong Kong-Macao Greater Bay Area: one regards the Greater Bay Area as "a panacea for solving Hong Kong's land shortage and youth development plight", and the other regards it as a "united front tool." Even "scams."

Demonization is definitely not desirable, but infinite elevation does not mean rationality and objectiveness.

The misunderstanding and exaggerated publicity of the Guangdong-Hong Kong-Macao Greater Bay Area will not only help Hong Kong people to face its value squarely, but will also be counterproductive.

Written by: Policy Researcher Yu Jingwei

The Mainland is not a place of exile

The first misunderstanding is to regard the Guangdong-Hong Kong-Macao Greater Bay Area as a panacea for solving the employment problems of Hong Kong’s youth and curing Hong Kong’s social ills. It seems that the Greater Bay Area is a 19th century North American New World with opportunities everywhere. The pressure of "involution" in Hong Kong can resolve the deep-seated contradictions in Hong Kong.

It is true that the continuous economic development of the Mainland has brought more opportunities, and the development of Hong Kong youths northward will help to broaden their horizons and ease local employment pressure.

But this proposition is both grandiose narrative and too idealistic, and it does not proceed from the perspective of young people at all.

The Mainland is relatively unfamiliar to Hong Kong youths. Returning to the Mainland to develop means leaving the comfort zone, leaving the support of parents and familiar social circles, living alone in a different language, food and other living habits, laws and social systems. The place.

This has discouraged a considerable portion of Hong Kong youth.

Even the tourist hotspots in Taiwan and Japan that Hong Kong youths think better than the mainland, in fact, not many people eventually go there to develop.

What's more, the land north of the Shenzhen River where many young people in Hong Kong are prejudiced by the environment?

Regardless of whether it is political ethics to transfer Hong Kong’s internal problems to the outside (the mainland), if we regard the development of the north as the only way to solve the problems of Hong Kong’s youth and tell them that they can only break through their difficulties by returning to the mainland (leaving Hong Kong), these people will inevitably be. I feel that I am a loser who has been ostracized and exiled by Hong Kong.

With this mentality, can Hong Kong youth still view the Greater Bay Area positively?

The author asked how many mainland and even Hong Kong employers dare to hire young people from Hong Kong after the legislative amendments last year?

The picture shows the Guangzhou Nansha Bridge.

(China News Service)

Competition in the Mainland is fierce

The second misunderstanding is to blindly link the development of the north with the entrepreneurship, especially the technological innovation.

Entrepreneurship requires start-up capital, as well as certain requirements for entrepreneurs' technical level and business ability, and more importantly, they need the courage to take risks-this has screened out a considerable number of young people.

Not to mention the capital-intensive, technology-intensive rather than labor-intensive nature of the innovation and technology industry, which determines how much labor it cannot absorb.

Even if the young people in Hong Kong regard northward development as a trend, most of them can only be ordinary wage earners.

If you go north to work, do Hong Kong youths have sufficient competitiveness?

Even if wages in the Mainland continue to rise, and the income of some highly educated positions even exceeds that of their Hong Kong counterparts, there are still large differences in salary between the two places, especially the income of middle and low-level positions.

When young people from the Mainland have the same academic qualifications and experience, and the expected salary return is significantly lower than their counterparts in Hong Kong, are employers willing to hire the latter?

Even the English proficiency that Hong Kong people have always been proud of, how many advantages are left in the face of mainland high-end talents with better language skills?

Moreover, after last year's legislative amendments, how many mainland and even Hong Kong employers dare to hire young Hong Kong people?

Moreover, the pressure on the mainland to buy property is also increasing. The housing prices in developed cities led by Shenzhen are no less than Hong Kong.

Unless they are professionals who are eligible to enjoy "talent housing" and "talent subsidy", ordinary young people from Hong Kong must solve the housing problem when they return to the mainland to develop.

Even if rents in Shenzhen are significantly lower than in Hong Kong, renting is not a long-term solution.

As for the more remote areas, the housing prices are certainly lower, but it also means that there are not many job opportunities and it is difficult for Hong Kong youth to find jobs there.

Therefore, the saying that "Y.Y.Y.Y. cannot afford a Hong Kong property can buy a property in the Greater Bay Area" is simply nonsense.

In fact, many professionals in technology, finance, and law who are willing and able to go northward to develop, have already developed well in the Guangdong-Hong Kong-Macao Greater Bay Area before the establishment of the Guangdong-Hong Kong-Macao Greater Bay Area. Some of them even returned to Hong Kong with their technology and capital. New high.

For them, the various incentive policies of the Guangdong-Hong Kong-Macao Greater Bay Area and the government are just icing on the cake.

For those Hong Kong youths who are relatively incompetent, no amount of incentives provided by the government can solve their own problems.

Hong Kong belongs to the Greater Bay Area

The last misunderstanding is that the "Greater Hong Kong" thinking has always isolated Hong Kong from the Greater Bay Area. Even some local young leaders who promote the Greater Bay Area have not been able to get rid of the shackles of their own restrictions and regional separation in their thinking.

Since the words "Guangdong, Hong Kong and Macao" are in front of the Greater Bay Area, it means that Hong Kong is an important part.

In fact, the reason why the central government established the Guangdong-Hong Kong-Macao Greater Bay Area is to promote institutional convergence, complementary advantages, and coordinated development within the region, promote the same-city effect, and expand the market.

It helps to eliminate capital flows and administrative barriers between provinces and cities, and also reduces logistics costs and improves the efficiency of production factors by improving the transportation network.

The Guangdong-Hong Kong-Macao Greater Bay Area is to transform the human resources advantages of "Many people make things easier" and the system advantages of "Great unity and strength" into capital advantages and technological advantages, so as to attract global capital, open up the global market, and transform the cake (job opportunities and (Profit space) to become bigger, and eventually be comparable to international-level bay areas such as New York, San Francisco, and Tokyo.

The development of the Greater Bay Area does not mean that young people have to leave Hong Kong to obtain development space, nor does it mean that Hong Kong can escape the transformation of the industrial structure and resolve deep-seated contradictions, which are the crux of Hong Kong’s youth problems.

The Greater Bay Area model is by no means the past "shop in front and factory behind" model, and "there is a way out for Hong Kong youths going north" is definitely not the truth. We should not look at the Greater Bay Area with a self-isolation mentality.

Rather than encouraging young people in Hong Kong to go north to find opportunities, it is better to create more room for development in Hong Kong. The grand strategy of the Guangdong-Hong Kong-Macao Greater Bay Area is an important opportunity for Hong Kong to reinvent itself.

Therefore, it is time for us to treat the Guangdong-Hong Kong-Macao Greater Bay Area correctly and actively draw a broad road for the development of Hong Kong.

If Hong Kong can successfully carry out industrial transformation, we will have ways to increase employment opportunities for local young people.

Only by taking advantage of Hong Kong's advantages and relying on the huge consumer market in the Mainland can we be able to provide a broader imagination for the development of Hong Kong's new industries.

Greater Bay Area | Zheng Ruohua: Studying the feasibility of implementing "Hong Kong-funded Hong Kong-based Arbitration"

Tan Yaozong: Shenzhen has an irreplaceable advantage, the central government has no intention to marginalize or abandon Hong Kong

Luo Zhiguang: The community care service for the elderly in Hong Kong in the Greater Bay Area is the largest number of Hong Kong residents living in Shenzhen or first

Zhang Jianzong repeated Luo Huining's argument that integrating into the country's development does not mean Hong Kong will be mainlanded or marginalized

The Liaison Office invites 12 political and business people to attend the "Learning" symposium and invites representatives from the innovation and technology sector and youth

Greater Bay Area

Source: hk1

All news articles on 2020-10-27

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