China’s central urban work conference was held recently in Beijing.
It noted that China should have a reasonable urban plan, instead of allocating all resources to a few super cities.
The meeting highlighted the development of urban agglomeration, dozens of urban centers that function like Beijing and Shanghai.
Industry insiders believe the plan is meaningful, especially as China continues to transform its economy and tries to foster a new growth engine.
Hong Kong is experienced in city planning and management.
It can share its expertise with mainland cities while helping create new investment opportunities.
Secretary for Commerce and Economic Development Gregory So said Hong Kong devotes its energies to developing diversified and high-value added sectors and boosting trade, tourism, telecom and innovation.
Hong Kong businessmen should seize the opportunity by proactively participating in the development of urban agglomerations.
In the Beijing-Tianjin-Hebei area, increasing demand for healthcare services will bring opportunities.
Meanwhile, there are a growing number of schools and colleges in the area.
Hong Kong should strengthen academic cooperation with them to boost technology innovation and build a knowledge-based economy with diversified industries.
On the last day of 2015, the central government approved measures to revitalize the nation’s old industrial base in northeastern provinces.
These provinces produce about 40 percent of China’s crude oil output, half of the wood products, 25 percent of vehicles and one-third of ships.
Reports say the government is planing a modern industrial system there by stepping up restructuring of companies and fostering large corporations into global players.
Private entities and foreign companies are encouraged to participate in this process.
Experts said China needs 20 urban agglomerations.
Five of them will be at the national level including cities in the Yangtze River Delta, Pearl River Delta, Beijing-Tianjing-Hebei, Yangtze River midstream and the Sichuan-Chongqing agglomeration.
Nine will be regional ones.
As a developed international city, Hong Kong can share with them its experience in improving quality of life, urban management and related areas.
This article appeared in the Hong Kong Economic Journal on Jan. 13.
Translation by Myssie You
[Chinese version 中文版]
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