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Hong Kong stays `competitive' in China

By P. S. Suryanarayana

SINGAPORE Jan. 3. Hong Kong and Taipei, in that order, have been ranked at the top of a list of cities with economic competitiveness and also linkages with China.

The political significance of such a survey is that Hong Kong, which retains its distinctive style of governance and capitalism-oriented system under China's principle of "one country, two systems'', continues to lead the way among the economically pivotal cities in the country as a whole. As for Taipei's inclusion, its economic linkages with China, in the form of investments by Taiwanese entrepreneurs on the Chinese mainland, explain the spatial spread of the survey conducted by the China Institute of City Competitiveness. The findings, as carried on the English web site of People's Daily today, place Shanghai immediately behind Hong Kong and Taipei.

Beijing is in the fifth place, one position after Shenzhen. The survey is said to have covered 269 cities, spread across not only the Chinese mainland but also Hong Kong and Macao besides Taipei.

With Hong Kong's territorial government having responded to the latest `pro-democracy' rally with a pledge to hold consultations with the people on the "constitutional development'', the question of stability and prosperity is being addressed.

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