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Being the richest mainland city would be nice

20 0 0

In a rapidly changing world, just a few years is a long time, let alone 50 years.

The constitutional guarantee of no changes to Hong Kong’s social, political and economic systems for 50 years after the 1997 handover might have helped preserve confidence for Hong Kong people during the first decade; it will be a hindrance to the city’s growth and development in the four decades that come after.

History, geography, economics and common sense have already conspired to make that guarantee obsolescent in the 21st century. Hong Kong, of course, can insist on it; it will just be left behind.

An obvious example: When Tung Chee-hwa first became chief executive, he said he would turn the city into a tech hub. Today, we are still talking about that in aspirational terms, while Shenzhen, home to the........

© South China Morning Post