The China Institute of City Competitiveness had named Hong Kong, the special administrative region (SAR) the country’s most competitive city for the third consecutive year in an annual study.

However, according to the report, the city was also facing a shortage of resources and manpower that might affect its future development.

The institute studied the competitiveness of 289 cities in terms of their business and financial market development, educational levels and technological advancement, among other things. Shanghai and Beijing came in second and third.

Hong Kong also took the top spot for being a world-class cosmopolitan city, followed by Beijing and Shanghai.

It was said that Beijing’s international image had been strengthened through Read more…

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Shenzhen and Hong Kong had decided to cooperate with each other though the agreement on May 21, 2007 to build a“Shenzhen-Hong Kong Innovation Circle” after the approval of the central government. This agreement aims to pool their innovative resources, particularly in the field of technological innovation.

According to Liu Yingli, deputy director and secretary-general of the organizing committee of China High-tech Fair, their innovative efforts will be influential in the Read more…

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