Entering February

Youde did not disappoint Yang Chen. After the two parties talked, Youde began to use his status as governor to overcome all objections and approved the application for building a high-tech industrial chain in Xiangjiang.

A total of 80 square kilometers of land was attached with an unlimited reclamation approval document, which completely ignited public opinion in Hong Kong.

For a time, the entire Hong Kong society was discussing the high-tech industrial chain. From the political and business circles to the news media and the ordinary people at the bottom, everyone was very interested in Yang Chen's proposal to build a high-tech industrial chain in Hong Kong.

Among them, the business community and the academic class are the most controversial. Compared with the reclamation approval documents that the British and Chinese capital bosses care about, the ordinary people at the bottom focus on the investment amount of hundreds of billions. Scholars and some economists with a long-term perspective,

They are very supportive of Yang Chen's investment in the high-tech industry chain.

In the past, many people disagreed with Xiangjiang's comprehensive transformation into the financial services industry and complete de-industrialization. During this period, Bay Area, Singapore and South Korea, which emerged at the same time as Xiangjiang, were actively upgrading their own industrial manufacturing industries.

Although Singapore also has a trend of transforming into the financial services industry, in the field of industrial manufacturing, especially petrochemical machinery, Singapore has not given up the industrial foundation it has worked hard to lay in the early stage just to develop the financial services industry.

Many people in later generations like to compare Hong Kong with Singapore because the two have many similarities. For example, the two cities have similar populations, similar geographical environments, and both implement capitalist systems.

However, most people in later generations generally believe that Singapore has developed better and more comprehensively than Xiangjiang. Singapore has more advantages than Xiangjiang in terms of economy and living environment.

Especially in the 21st century, Hong Kong, as the financial center of Asia, is almost the same as Singapore in terms of GDP, which undoubtedly makes the public opinion more favorable to Singapore.

Since the 1960s, Singapore and Hong Kong have successively experienced transformation from labor-intensive industries to economy-intensive industries, and now they have begun to transform into capital-intensive industries.

During this transformation, Xiangjiang chose to transform into the financial services industry. According to the development of later generations, Xiangjiang eventually became the third largest financial center after New York and London. Its transformation was undoubtedly successful.

While Singapore chose to upgrade its own industries, it also vigorously developed service industries such as financial services and tourism. Although Singapore did not eventually become the financial center of Asia, its economy did not fall behind Hong Kong in the slightest.

You must know that Singapore does not have one billion people from mainland China behind it to support its economic development. It mainly relies on its own efforts.

After Xiangjiang completed the transformation of its financial services industry, it missed too many opportunities. As a result, it had greater and more advantages than Singapore, but it did not get rid of them. This was undoubtedly a severe slap in the face.

In the early days of the founding of the People's Republic of China in the 1960s, Singapore was just a small place with extremely scarce resources and a backward industrial base. With the rapid industrialization through the construction of industrial parks, Singapore quickly completed the first stage of industrial transformation and became a labor-intensive manufacturing base.

In the 1970s, Singapore's economy developed rapidly, and it completed the second phase of economic-intensive industry construction in the Asian region to compete with the newly emerging Hong Kong and Bay Areas and South Korea.

With the rapid development of the economy, labor costs have gradually increased. The Singapore government is worried that it will rely too much on cheap foreign labor and produce products with too low added value, which is not conducive to long-term economic growth.

So in the 1980s, Singapore began to seek the third transformation like the Gulf, South Korea and Xiangjiang. Unlike Xiangjiang, which took the urgent financial services route, Singapore chose the route of the Gulf and South Korea, focusing on chemical industry, machinery and transportation equipment.

Transformation of manufacturing and other capital- and technology-intensive industries.

Among the Four Asian Tigers, the other three are firmly committed to the path of upgrading industrial manufacturing. Xiangjiang is the only one who has chosen to de-industrialize and rely on others for its own development. This is not a good thing in the eyes of many.

Xiangjiang's transformation into the financial services industry is comprehensive and thorough, leaving no room for itself.

Whether it can become the financial center of Asia, at least the current people of Hong Kong, even the Governor's Office, cannot guarantee. After all, Tokyo in the island country is not much worse than New York and London. To replace Tokyo's status seems to be a bit high-handed but short-sighted.

Based on this, Yang Chen launched a plan to build a high-tech industrial chain in Xiangjiang at this time. He knew that once the financial services industry in Xiangjiang was completely transformed, he would undoubtedly face huge obstacles if he wanted to launch this plan again.

Now is just the right time, while his relationship with the British royal family is still good, and the British privatization reform is at its most critical juncture. There are many advantages to be taken advantage of. With a large investment, he can build the high-tech industrial chain in Xiangjiang in the shortest possible time.

stand up.

With an investment of hundreds of billions of dollars, the foreign exchange in the entire Xiangjiang has not reached this much. Even if everyone is already used to his style of action, Yang Chen's move is still unclear.

An investment of 100 billion US dollars is enough to create a super-large-scale industrial cluster in Xiangjiang. Later, Wanwan, Singapore and South Korea all absorbed foreign technology to realize the local industrialization of their own technology, and finally formed an internationally competitive industrial cluster.

In the future, with the development of science and technology and the renewal of the times, the more high-tech products are, the higher the requirements for production technology will be.

Why was Foxconn able to produce so many electronic products as an agent in later generations, and all major brand-name mobile phones were produced by it? Is it just because Foxconn has low costs?

In fact, the more high-end the product, the higher the requirements for production technology. Sometimes we must not underestimate the outsourcing industry. When the outsourcing industry reaches a certain scale, it can produce its own technology, which in turn can form its own advantages.

In the semiconductor industry of Wanwan, Wanwan relied on foreign technology at the beginning. Later, as the technology upgraded and Wanwan understood the core of the technology, as the products became more and more refined and the technology became higher and higher, the demand relationship

I converted immediately.

The famous TSMC occupies most of the world's share in the field of wafer foundry and has directly formed a monopoly. This is the best example.

In fact, the front-store-back-factory model of Xiangjiang's previous life was very good and very effective, but unfortunately, Xiangjiang only mastered low-end technologies.

There is no technical advantage at all when it comes to clothes, shoes, etc. Others can learn it immediately. When the inland is not fully opened up, Xiangjiang has an export advantage, which is no problem.

However, as the inland becomes more and more open, and the Shanghai Special Economic Zone next door develops and integrates with international standards, its advantage as a middleman suddenly disappears, and the market for front shops and back factories disappears.

To master it, we need to master high-end technology, take advantage of Xiangjiang's special advantages, absorb foreign core technologies, and then establish industrial clusters in the inland where labor costs are lower.

In this way, the front store and the back factory can be effectively sustained.
Chapter completed!