Some of you may have seen the recent story about how China is planning to merge nine cities in the South,creating a megapolis twice the size of Wales
with a population of around 42 million. This region is already a key business and manufacturing hub with lots of problems,such as industrial
pollution, that need to be ironed out. So, it makes sense from an administrative point of view to merge these cities into one under the control of one
local government in order to more carefully manage and control growth. There are many benefits for doing this as stated in the linked article
below:
China to
create largest mega city in the world with 42 million people.
Next, I recently read a couple of articles talking about the situation in Hong Kong which made me realize that things don't seem to be getting much
better and it appears that it wouldn't take much to destabilize it. Read more about in linked articles below:
If Inequality Leads To Crisis,Then Here's Where The Next Crash Will
Be.
The 25 Countries Whose Governments Could Get Crushed By Food Price
Inflation.
Shockingly,Hong Kong is number 9 on the list (Hong Kong is not a country by the way.It's an SAR or Special Administrative Region and belongs to
China). Couple a potential food inflation crisis with the rising inequality there due to the financial crisis,it stands to reason that a serious
problem could be brewing in Asia's major financial hub. Over the last few years,I've been hearing stories about companies transitioning from Hong Kong
to the Mainland as a matter of convenience and to save cost. Nonetheless,many of the companies currently situated in the planned megapolis zone may in
fact have offices and such in Hong Kong. There are still many important industries located in Hong Kong as well.
So,imagine that Hong Kong tanks so badly that it creates an exodus. Generally speaking,where do you think many of those people are going to? Most
likely they would head for the Mainland where they have businesses,connections,jobs and family. This would be a logistical nightmare for China's
government if you had all of these people flooding in and trying to relocate their families and businesses across the nine cities in this key economic
region (see map in first linked article). It's far easier to handle this type of situation if the entire region is being administered under one
authority.
Hong Kong is way too important for them not to plan ahead for something like this. Strangely enough, I think if this situation did happen, it could be
a shot in the arm for China, creating stellar domestic economic growth which could easily offset the effects of a collapse in Hong Kong.
Anyway,It's just a theory and I could be wrong about it all the way around.
edit on 10-2-2011 by FlyingJadeDragon because: typo-misspellings
edit on 10-2-2011 by FlyingJadeDragon because: edit for
content
edit on 10-2-2011 by FlyingJadeDragon because: wording.
edit on 10-2-2011 by FlyingJadeDragon because: edit
for content
edit on 10-2-2011 by FlyingJadeDragon because: wording.
edit on 10-2-2011 by FlyingJadeDragon because:
wording.