1 12 After 20 years of reform and opening up, China now trades directly with most countries and regions of the world. There is no more need to rely on Hong Kong as an intermediary. When it comes to competition with Hong Kong, we generally look to Singapore. But it seems that Shanghai may turn out to be a stronger competitor. First of all, Shanghai has a strong industrial base. Then Shanghai can point to substantial commercial and technology capacities. Thirdly, there is a large hinterland support on the East China Plain. It is only a matter of time for Shanghai to recapture her past glory and come out on top of Hong Kong. Translated from: Apple Daily. 18 January 2001 Industrial base Shanghai Talents Industry, commerce and technology 2 In the past, Hong Kong acted as a bridge between the mainland and the rest of the world. However, with the opening up of the mainland and the improvement of its infrastructures, the demand for an entrepot has fallen and Hong Kong’s role as an intermediary is slipping. With competition from Shanghai, it is generally felt that the way out for Hong Kong is to sharpen its competitive edge and strengthen cooperation with business organizations on the mainland. In the long run, Shanghai and Hong Kong interests will find integration. Translated from: Yazhou Zhoukan. 24 December 2002. 3 Hong Kong used to enjoy advantage of being a successful intermediary. However, in order to maintain our competitive power in the long term, Dr Raymond Chien Kuo-fung (Member of the Executive Council of the HKSAR) feels that we should strive to be more than an intermediary and become a creator and inventor. and technology transplant. For that, Hong Kong would need science If we could bring in talents, scientists and outstanding young people from Shanghai, our long term development will benefit. With China’s entry into the World Trade Organization, closer economic cooperation between Hong Kong and Shanghai can be expected. To Dr Chien, Hong Kong and Shanghai can be likened to the two wings of a jet plane. They complement each other and can help the country to fly economically. They are two engines pulling the train of China’s economic development. China is a huge land with a wealth of natural resources and a large population. One engine alone is far from adequate. China hopes to have many more engines, not just Hong Kong, and not just Shanghai either. Translated from: Takungpao. 6 August 2001. 4 1. Read Sources 1 to 3 and give their views. Source 1 A. The advantages of Shanghai B. The role of An intermediary Hong Kong C. How Hong Kong can strengthen /maintain her competitive power D. The relationship between Shanghai and Hong Kong / Source 2 Source 3 / Shanghai has elite talents 5 2. Based on Sources 1 & 2, in what way has the role played by Hong Kong in China’s economic development changed? 3. Based on Sources 1 & 2, why has Hong Kong’s role changed as mentioned in Question 2? 4. Which two of the above Sources hold similar views about the relationship between Hong Kong and Shanghai? What is that view? 6 5. Is the relationship between Shanghai and Hong Kong one of competition or of mutual development? 6. Will the status of Hong Kong be replaced by Shanghai eventually?