Speaking in Shanghai ahead of the Mainland/HKSAR Conference on Co-ordination of Major Infrastructure projects last week, Hong Kong's Chief Secretary for Administration, Donald Tsang suggested that there is little direct competition between the SAR and Shanghai, as a result of their differing economic structures.
'It is natural for competition to exist. But there is little chance for head-on competition as the two sides have plenty of room to complement each other,' he explained on Wednesday.
According to a China Daily report published on Thursday, during a meeting with Shanghai Mayor, Chen Liangyu, Mr Tsang stressed the degree to which Hong Kong values co-operation with the Chinese mainland on large scale infrastructure projects, and announced that the low tax jurisdiction's long-term goal is to stregthen links with the major cities on the mainland in order to facilitate the flow of investment, people, and cargo.
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