Traditional Culture Encyclopedia - Travel guide - The best period of GDP in Hong Kong’s history

The best period of GDP in Hong Kong’s history

The best economic period in Hong Kong’s history was probably from the 1970s and 1980s to the early 1990s before the handover. Hong Kong's GDP used to be a quarter of China's, but now it is less than 3% of China's. Naturally, Hong Kong's return to the motherland, the development of the motherland, and the development of its neighbor Guangdong are also something to be proud of. However, if you think about it carefully, if Hong Kong can work harder and integrate better with the mainland, it will not be a problem. So much behind. Of course, Hong Kong still has per capita GDP to be proud of. But the direction of your thinking should be "finding the deficiencies". Hong Kong's per capita GDP is more than 36,000 US dollars, Guangdong's per capita GDP in 2012 was close to 9,000 US dollars, and South Korea's per capita GDP in the same year was close to 22,600 US dollars, much higher than Guangdong. Guangdong’s “under-searched” target is South Korea. South Korea's permanent population is only half that of Guangdong. Each region has its own economic characteristics, and its relatively leading growth points provide stamina for economic development. Moreover, the political situation in South Korea has been stable in recent years, and the development of tourism has become very popular. Traveling to South Korea is also a popular choice for Hong Kong people. The continuous progress of the tertiary industry has benefited everyone in South Korea. The backwardness of the developed south and north of Guangdong has not been significantly improved. The south relies on foreign investment and exports mainly based on processing trade; the north mainly relies on the primary industry to bring economic income. Both are not enough to stably maintain growth and sit firmly on the trillions club. Guangdong must learn from South Korea's experience, continue to build its own leading industries, and find new economic growth points. So, for Hong Kong, I am afraid that the target of catching up now should be Guangdong. Although the neighboring province was once called "A-chan" by some Hong Kong people, if Hong Kong is not ashamed to learn from the "A-chan" of the past, this will be a step towards taking off again.