Hong Kong vs Shenzhen: a technology tale of 2 cities, and a game of catch-up
Separated by a narrow winding river, Hong Kong and Shenzhen may be close to each other geographically but they are poles apart in economic development.
The tale of the two cities revolves around technological prowess. One of them zeroed in early on its goal to become the cradle for the country’s technological development, while the other had grand ambitions but did not fully capitalise on its head start and strengths.
Hong Kong is now playing catch-up with Shenzhen on the technological front, but all is not lost, with observers noting the city simply needs to bank on its established research institutions and status as a place to raise capital.
Read More at https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3180069/hong-kong-vs-shenzhen-technology-tale-2-cities-and