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21 February 2018

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06/22/2007 HONG KONG – CHINA

Hong Kong port losing its economic standing

Hong Kong is overtaken by Shanghai as the world's second-largest container port. National Development and Reform Commission deputy chairman says former British colony should develop high-end logistics industry and leave container shipping to Guangdong.

Hong Kong (AsiaNews/Agencies) – Hong Kong lost this year its standing as the world's second-largest container port to Shanghai which had been in third position after Singapore and Hong Kong since the end of 2003. For Zhang Xiaoqiang, deputy chairman of the National Development and Reform Commission, it should focus instead on developing the high-end logistics industry.

“Retaining Hong Kong's status as an international shipping centre means moving everything made in Guangdong to Hong Kong ports. This increases the time and cost of transporting the products,” Mr Zhang said.

Diverting cargo to Guangdong would be a win-win situation since the province's economic growth had outpaced the former British colony and its trade volume had strongly expanded.

Citing the business model of Yantian Harbour, which is controlled by Hong Kong's HIT and the Shenzhen Yantian Group, Mr Zhang said the new terminals could be run by Hong Kong-led consortiums. “Thus Hong Kong can also enjoy the benefit of directly shipping the goods from Guangzhou and Shenzhen,” he said.

Alex Fong Chi-wai, a former secretary of the now defunct Hong Kong port and maritime board, said port planning largely should follow market demand and not be a political decision by Hong Kong or mainland authorities.

Sunny Ho Lap-kee, executive director of the Hong Kong Shippers' Council, agreed. “Shipping companies make decisions based on cost and time . . . . You cannot artificially stop this process,” he said.

There have been concerns in recent years about Hong Kong being overtaken by mainland ports since the exodus of the city's industrial plants to the Pearl River Delta.






See also

13/01/2009 CHINA
Throughput down in Shanghai and Shenzhen ports
Exports and container throughput in main ports drop in December; a sign that trends are negative. Imports decline as well.

31/08/2005 HONG KONG – CHINA
Hong Kong Democrats' first trip to mainland China since 1989
LegCo Democratic Party members are granted visas for the first time since the Tiananmen massacre. Party chairman says that despite differing opinions, the trip is a "huge breakthrough".

13/02/2018 16:14:00 CHINA
Pollution, smog up around Shanghai and Hong Kong

Tighter controls in Beijing drive factories south. China’s average PM2.5 emissions is 64 micrograms per cubic metre, more than six times the acceptable level set by the World Health Organisation.



06/06/2006 CHINA – HONG KONG
HK Chief Executive Donald Tsang ignores Vatican ban and goes to Kunming Bishop's mass
During a visit to Kunming, Hong Kong Chief Executive and his wife attend mass celebrated by Ma Yinglin, an unlawfully ordained bishop, an inappropriate act. "He cannot plead that he didn't know".

11/02/2008 CHINA
End of the Pearl River industrial "miracle"
This part of Guangdong was the true engine of the Chinese economic miracle. But now there is a shortage of labour, which is being lured away by better salaries in other regions, and production costs are rising. The region is seeking to encourage development of cutting edge services and industries.


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