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Studies on China’s Special Economic Zones 4The Historical Evolution and the Future of Shenzhen-Hong Kong Relations on Economic Development

Studies on China’s Special Economic Zones 4: The Historical Evolution and the Future of... [Over the thirty-eight years, Hong Kong, which plays a unique and important role in the growth process of the Shenzhen Special Economic Zone, has been called jointly by the academic world and the government “the Hong Kong factor” for the development of Shenzhen. Furthermore, there is a customary expression that an important reason for the development of the Shenzhen Special Economic Zone lies in its geographical advantage. Here, that advantage refers to the support for economic takeoff and development due to its adjacency to Hong Kong. The cooperation between Shenzhen and Hong Kong on development since the beginning of the reform and opening-up of China has undergone 38 years of evolution. There is not an academic conclusion yet on the contribution of the Hong Kong factor in the development of Shenzhen. This conclusion is difficult to arrive at because only 50% of the contribution of the Hong Kong factor has been estimated from the perspective of the visible effects of economic growth. In the future, the role played by Hong Kong in the construction of a global innovation center by Shenzhen cannot be underestimated.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Studies on China’s Special Economic Zones 4The Historical Evolution and the Future of Shenzhen-Hong Kong Relations on Economic Development

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press 2021
ISBN
978-981-16-5631-6
Pages
199 –207
DOI
10.1007/978-981-16-5632-3_11
Publisher site
See Chapter on Publisher Site

Abstract

[Over the thirty-eight years, Hong Kong, which plays a unique and important role in the growth process of the Shenzhen Special Economic Zone, has been called jointly by the academic world and the government “the Hong Kong factor” for the development of Shenzhen. Furthermore, there is a customary expression that an important reason for the development of the Shenzhen Special Economic Zone lies in its geographical advantage. Here, that advantage refers to the support for economic takeoff and development due to its adjacency to Hong Kong. The cooperation between Shenzhen and Hong Kong on development since the beginning of the reform and opening-up of China has undergone 38 years of evolution. There is not an academic conclusion yet on the contribution of the Hong Kong factor in the development of Shenzhen. This conclusion is difficult to arrive at because only 50% of the contribution of the Hong Kong factor has been estimated from the perspective of the visible effects of economic growth. In the future, the role played by Hong Kong in the construction of a global innovation center by Shenzhen cannot be underestimated.]

Published: Jan 1, 2022

Keywords: “One Country Two Systems”; Hong Kong; Economic cooperation

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