chapter  7
11 Pages

A Chinese global city?

Our discussion in Chapter 6 points to the re-embedding of Hong Kong into China’s national development. It is observed that Hong Kong continues to function as China’s ‘window to the outside world’. But increasingly this is less to do with China acquiring management methods or the funnelling of capital from advanced industrialized societies and Chinese overseas. It is more a matter of using Hong Kong as a springboard for Chinese enterprises, which have experienced rapid growth and development, and thus are looking for new development opportunities and means of financing further organizational growth in order to go global. Equally significant is that, nowadays, economic flows between Hong Kong and China are two-way – they are mutually dependent on one another, rather than one of them relying on the other. While Hong Kong’s main function in the grand project of China’s national development has changed, the saga of Hong Kong as a global city continues.