in the pearl river delta in southern China, is a region in which the chinese communist party, a few years ago, with a stated aim to create a world-leading industrial region. The recent demonstrations in Hong kong, has given the Chinese leadership’s argument that the speeding up of the development.
for a time, engaged an international team of scientists in the meetings with ideas about how China can look to the future.
included is a newly-launched electronic currency, and, in the longer term, a new convertible currency, of a cluster of cities and towns in the region, at the meeting with the international experts referred to as the Greater Bay Area.
China’s long-term development plan called into question Hong kong’s role as the main financial bridge to the rest of the world. One possibility is that China is simply taking the advantages of Hong kong would be marginalized, and rather than adapting them to work in a larger region surrounding the Delta in the south of the republic of china.
” What we do know is that in China, the region is now on the way to the creation of an economic powerhouse in order to achieve their goals. In 10, 15 years, it can be their own countries. With its own legal framework in this area. It’s not going to be exactly like Hong kong, but very, very similar, ” says Christer Ljungwall.
the american visiting professor of economics
in one of China’s leading universities, and is one of the 10 to the 50 foreign experts who participate regularly in the meetings of China’s future.
the Researchers are asked to reflect on a specific question. Sometimes, the down-to-earth topics, such as how the productivity of the economy will be improved. Sometimes, the issues related to how China is capable of facilitating trade and transactions with the rest of the world. The basis for the discussion is a policy document of the communist party from last year.
set to be the region around the pearl river delta in south China’s Guangdong province, is absolutely central to the way in which the whole country is going to be developed in the future.
, including Shenzhen, Guangzhou, Hong kong and Macao, has been given the task to develop a superior climate for innovation-global influences – associated with the communist party of the continuation of one-party rule and extensive government influence.
the Link for the graphic
in the year 2022, the goal is to have created an innovative region of the world-class level in the pearl river delta. In the year 2045, four years before the people’s Republic of China is celebrating its 100th anniversary – to the area, have contributed to China has become the world leader in the fields of artificial intelligence, digitization, and advanced cloud services.
China is keen to include people with a variety of experiences in order to broadly discuss the topics on the graduate level, in professional development workshops. There may be other issues than the political leaders are working on at the moment. However, they want to know what other people are thinking on various issues”, says Christer Ljungwall, speaking of the meetings with the international experts, of which he himself is included.
with A huge portrait of China’s president, Xi Jinping. Photo: Mark Schiefelbein,
China and the communist party will always be in the first place. And that’s where the criticism is, often, there are foreign researchers. The party is always going to determine, and therefore, the area in the south of the republic of china will never be like Hong kong today.
” But the issue for Hong kong is that Hong kong is ultimately subordinated to the party. What is the chinese plan is more similar to Singapore’s system of transparency, with a framework of a more international class, and points out that-for the first time.
He stressed the importance of the direction in which the chinese authorities had pointed out.
” this is not a fictional thought or something, as China found out in a hurry. This is a plan of action with a clearly mapped out route, which, I think, is that we in the west tend to miss.
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Christer Ljungwall believe that the long-term policy issues in China, with foreign expert input, and is currently investigating it can lead to major changes, the new flows of trade and investment, and so far unknown patterns of co-operation in innovation in the world.
it also has a close insight into the chinese plans, it is of the same opinion.
the Development of people’s republic of China may, in the long term, global impact. Today is seen, for example, a new pattern of cooperation between China and Latin America, where china’s guangdong province, is the entire basis of China’s trade with south America, where Brazil acts as a stepping stone, ” he says Román.
Zhuhai, Guangdong province, is one of the cities that will be a challenge to Hong kong, with economic and social benefits. Photo: Jin Liangkuai/TT
in the case Of Sweden, the Swedish company, it will be important to understand what these developments mean to, ” he points out.
” Sweden has a complicated relationship with China, but, in spite of the tense situation we have to deal with the changes, and decide on the measures to be taken in order for Sweden to be an attractive global partner in the future, the uniting of the two authors.
under the strategy, the opening of the revamped legislation, simplification of bureaucracy, the level of investment and the increase in transactions with the rest of the world.
these are Some of the reforms may be fast, you think, Christer Ljungwall – that is, further reduction of restrictions on foreign exchange transactions to and from the mainland of china.
the republic of china would relatively easily be able to introduce their own convertible currency to the designated region of the pearl river delta. This can be done on the basis of the electronic currency, the DCEP, which is the chinese central bank will gradually introduce in the year 2020.
it can be used in order to provide enterprises with fast, secure transactions between the chinese mainland and the rest of the world.
” The changes are a first stage in which China’s self-reliance in Hong kong. says Christer Ljungwall.
in the past, is fully convertible with the Hong kong dollar is one of the most powerful reasons as to why the Mainland needs Hong kong. The city has become a hub for China’s stock and bond market.
for a Long time did Hong kong’s geographical location as a port to the red of China, the city is almost the only place in the world where business was done with China. The british legal system and the absence of capital controls were the key factors.
In recent years, it has become easier to do business with the republic of china and the communist party in Beijing that will Hong kong in the future, the only one of the eleven cities and towns on an equal footing in the region, and is losing its special status. _, and It is time for Hong kong to reflect on the major changes that are likely to occur, ” says Christer Ljungwall.
no one really knows. The risks of the chinese development model. In other areas, there is a possibility that we don’t understand, says Christer Ljungwall.
” What the united states and in other countries, the need is for a more in-depth analysis of China’s strategic expansion plans, and the global influence of the country’s most of. Subsequently, the implications for trade, investment and co-operation are being discussed, ” he said.
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