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Double loop. Four | Breaking structural contradictions with industrial planning, Hong Kong welcomes the nirvana of the phoenix

2021-04-13T10:41:34.129Z

Hong Kong's precarious industrial structure is the root cause of all crises. Regardless of whether it is integrated into the dual cycle or not, the social and economic risks brought about by deep-seated contradictions have been highlighted. Therefore, if Hong Kong wants to "turn dangers and obstacles into obstacles"



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Written by: Yang Yingwei

2021-04-13 18:30

Last update date: 2021-04-13 18:30

Hong Kong's precarious industrial structure is the root cause of all crises.

Regardless of whether it is integrated into the dual cycle or not, the social and economic risks brought about by deep-seated contradictions have been highlighted.

Therefore, if Hong Kong wants to "turn dangers and obstacles into roads", it must focus on the goal of building a diversified industry and cracking the industry's solidification, and exploring the possibility of integrating into the dual cycle.

Only in this way can we find a healthy and vigorous development for Hong Kong, and can the dividends of the city's economic development benefit every Hong Kong citizen.

"Double Loop and Hong Kong" Series Report 4 4

To undertake the above:

Double loop.

1 | The international situation has changed drastically, China's strategic adjustment, Hong Kong's mountains and rain are about to come full of wind

Double loop.

Two | Land-port integration find the right direction, otherwise it may cause side effects

Double loop.

Three | Multilateralism reshuffles How does Hong Kong turn dangers and obstacles into an easy way?

–Incorporate into the double loop –

Do a good job in industrial planning to prevent self-contradictions

Welcome "Phoenix Nirvana"

Thanks to various policies such as the "14th Five-Year Plan" and the dual-cycle strategy, Hong Kong is naturally bound to have unlimited opportunities, but we must also be alert to and solve the "side effects" of its own problems being worsened in the process of integrating into the dual-cycle strategy.

This requires the Hong Kong government to recognize the deep-seated contradictions in Hong Kong and have the courage to promote structural reforms in the social economy.

As long as Hong Kong has a healthy industrial structure, healthy integration can be ensured.

Deng Xiwei warned: "Don't hope that the market will adjust itself like "autonomous driving", it won't!"

Many industries mentioned above include not only Hong Kong’s four pillar industries, but also many new economic industries, such as digital industries and technological innovation industries, as well as the industrialization of Hong Kong’s advantageous public services.

The development of Hong Kong’s accumulated advantages into a new industry will help break the solid industrial structure, create more upward mobility jobs, improve social welfare, and achieve the health of “the old have their end, the strong are useful, and the young are strong.” Social development.

Singapore’s industry currently accounts for 20% of GDP, with high-tech industries such as biotechnology and new materials.

The picture shows the Merlion statue under the lens in September 2015.

(Getty)

To develop new industries, the key lies in the government's industrial policies.

Deng Xiwei believes that as long as the Hong Kong-Shenzhen border always exists, as long as Hong Kong is an independent economy, "the government must design industrial policies around the "employment" of Hong Kong people." He urged the Hong Kong government to learn from Singapore and create a "sustainable development" belonging to Hong Kong. "Industrial structure" to provide citizens with more employment options.

"How can there be choices? Singapore has developed some industries that are not its advantages." He said that many industries in Singapore have failed, but in the process of exploration, they have gradually developed their own high-tech advantages and become the leader of the track. Sheep, "Now Singapore needs biotech (biotechnology) and new chemicals (new materials), and industry accounts for more than 20% of GDP!"

Deng Xiwei compares the United States with the United States. The United States pursues efficiency, enterprises must maximize their profits, and the country must maximize their growth. It ignores the resulting disparity between the rich and the poor. "The gap between the rich and the poor has grown to an unsupportable point and cannot continue to develop at a high speed. , There will be civil unrest and social problems, and even affect politics.”

He said, “We should have a politician come out and question: Does Hong Kong have to sacrifice a little efficiency?”

This requires the SAR government to have a long-term plan for the future development of Hong Kong, and it must also have the determination and ability to promote economic transformation, and provide a series of policy support to promising emerging industries to promote the transformation of the socio-economic structure.

But can the governor do it?

At the seminar, many scholars criticized the SAR government's lack of planning capabilities and rigid governance.

Liu Yuanchun, vice president of Renmin University of China, pointed out that the important reason why Hong Kong has a scientific research advantage but has not yet become an international science and innovation center is the lack of strategic concepts and top-level design: "The science and innovation industry simply relies on the spontaneous construction of the market. Encountered a series of serious market failure problems."

For example, the Hong Kong government's lack of control over the market has neither resolved the issue of production capacity for the landing of scientific and technological innovation products, nor the issue of the treatment of scientific research talents, which has led to the loss of a large number of scientific research talents and achievements in Hong Kong.

DJI Innovation is a typical example of "making wedding dresses for others."

"DJI's technology took shape in Hong Kong, but it was industrialized in Shenzhen. In the end, it actually contributed employment and GDP to Shenzhen. What did Hong Kong gain?" Zhang Yuge pointed out that if the problems of both mainland and Hong Kong in the technology and innovation industry are not resolved This kind of cooperation is also "unsustainable" on the issue of "respective demands and balance of interests."

He said that the Hong Kong government may consider introducing scientific research entities in the Loop, allowing the institutions to come to Hong Kong with funds, research and jobs, so that the science and innovation industry can generate more social interactions.

Wang Tao, the founder of DJI, is a graduate student of the University of Science and Technology, but he chose to start a business in Shenzhen instead of staying in Hong Kong, which shows the inadequacy of the innovation and technology environment in Hong Kong.

(China News Service)

Deng Xiwei considered the development of scientific research and the integrity of the industrial chain in Hong Kong, and pointed out that the government should help build a high-end manufacturing chain that serves scientific research. "Scientific research and production are regional, and it is unrealistic to put production capacity in Guangzhou and Shenzhen. Always separated by the "Shenzhen River." He believes that if Hong Kong can maintain the secondary industry (industry) accounting for 10% of GDP during development, it will be enough to support research needs and bring benefits to the Hong Kong economy.

At present, although the "Budget" has focused on "re-industrialization" and has financial support, Tang Xiwei still hopes that the government can simplify procedures and conditions as much as possible to effectively promote industrial development. "The government has paid for it, but many People don’t know how to use it, or if there are many conditions to overcome, then the benefits will not be good.”

In addition to the industrial structure supporting innovation and technology research and development, human resources are also very important to the development of innovation and technology and are the core of driving innovation.

Liao Qun sighed that although Hong Kong's science and technology entrepreneurship can attract talents from other places in the short term, "it is not sustainable to always hire people from Shenzhen or Silicon Valley." Hong Kong must build a local talent pool to support the innovation and technology industry. The booming development.

Ni Mingxuan, the chief vice president of the Hong Kong University of Science and Technology, criticized Hong Kong for not creating good soil for the growth of talents.

The picture shows the Hong Kong University of Science and Technology.

"Does Hong Kong have good soil for the growth of scientific and technological talents?" Ni Mingxuan, the Chief Vice President of the Hong Kong University of Science and Technology and Chair Professor of the Department of Computer Science and Engineering, raised this question at the seminar, and then shared his own personal experience: "HKUST Many outstanding undergraduates have been trained. More than ten years ago, they left Hong Kong and went to foreign countries as soon as they graduated. Recently, when innovation and entrepreneurship have emerged, the students have gone to the mainland. Similarly, we have also trained many outstanding doctoral students. We have been poached by schools in Singapore, Australia, Europe and the United States. We have also trained many excellent teachers, and even some have received academicians, but the salary in the Mainland is high, the house is also large, and the research platform is much larger than that in Hong Kong. They Also gone."

Ni Mingxuan seriously tortured: "Hong Kong can indeed cultivate high-end talents, but how can we keep them and let them create value for Hong Kong?"

What Ni Mingxuan said is the sadness of every talent who is interested in doing scientific research in Hong Kong.

In fact, to solve the problem of brain drain, the essence is to solve people's livelihood problems: housing difficulties, unfair higher education resources, single employment options, high business costs, etc.

Zhang Yuge pointed out that solving people's livelihood issues is the best channel for the government to establish recognition and authority. "Any economy, no matter what system it implements, the government has the responsibility and obligation to develop the economy and improve people's livelihood."

He believes that Hong Kong The government must correctly and objectively understand the medium and long-term plans such as industrial policy, pave the way for the future of Hong Kong, and safeguard the interests of the people in order to win the people's trust.

Solving deep-seated contradictions is the beginning of a virtuous circle. Only when the government is willing to take the lead in making changes and positive changes in society can continue to strengthen the trust between the government and citizens, and the government can be more efficient and easier to drive when it implements new policies. Social progress and transformation.

Only in this way can Hong Kong have the possibility of becoming a "dual cycle hub", the ability to "turn crises into opportunities" in future development, rebuild the connotation of an international city, and embrace the economic dividend of the country's development and transformation.

This is the fourth part of a series of reports on "Double Loop and Hong Kong".

Want to know what crises are in Hong Kong under the dual circular economy, and how to "turn crises into opportunities"?

For the full report, please see:

Double loop.

1 | The international situation has changed drastically, China's strategic adjustment, Hong Kong's mountains and rain are about to come full of wind

Double loop.

Two | Land-port integration find the right direction, otherwise it may cause side effects

Double loop.

Three | Multilateralism reshuffles How does Hong Kong turn dangers and obstacles into an easy way?

Double loop.

Four | Breaking structural contradictions with industrial planning, Hong Kong welcomes the nirvana of the phoenix

The above excerpt is from the 260th issue of "Hong Kong 01" Weekly (April 12, 2021) "How does the Hong Kong version of the "vaccine passport" land again in the vaccine battlefield?

".

If you want to read the full text, please

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sample the weekly newsletter and browse more in-depth reports.

Selected content of the 260 issue of "Hong Kong 01" Weekly News:

Perspective of the National Double Cycle Strategy to Face Hong Kong's Crisis and Opportunities

How will the Hong Kong version of the "vaccine passport" land in the vaccine battlefield again?

Are global students tired of Zoom?

Educational technology welcomes the golden age

Post-epidemic era: How long can the virtual oasis under construction last?

Dual Circular Economy "14th Five-Year Plan" Plan, Innovative Technology, Deep Structure Contradictions, China Economy, China-US Trade War 01 Weekly Report In-depth report

Source: hk1

All news articles on 2021-04-13

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