Global TransPark: New Competitiveness for Hong Kong and South China Based on Air Logistics

Economic globalization in the past two decades has led to a fast pace of growth of many economies in Asia Pacific, and impacted on the region's growth in air cargo. This paper discusses the future of airport infrastructure and its effect on regional competitiveness in the form of a new type of airport — Global TransPark (GTP). It identifies China's need to forge such a critical infrastructure in the New Economy, and that South China is its best location. The Hong Kong Extended Metropolitan Region (EMR) in South China stands out among competitive regions in Asia in terms of geopolitical and institutional setting under ‘One Country, Two Systems’ as the best general location for Asia's first and potentially largest GTP. Forging a GTP will promote the EMR's overall competitiveness and hastens its economic restructuring. The paper then discusses the advantages of Zhuhai Airport as the site of the potential GTP which will also incorporate the other four nearby airports within the EMR. The GTP is also a new challenge for intra-EMR cooperation in terms of customs and tariff, air rights, ground handling, and land and water transport coordination between its airports and respective local governments.     

An Emerging Development Focus from the Pearl River Delta West to Western Guangdong: A Research Report

A senior Hong Kong-based geographer discusses factors that have the potential to intensify growth in the western part of China's Pearl River Delta and adjacent areas of western Guangdong province. He focuses on: (1) proposals for construction of a Hong Kong-Zhuhai-Macau bridge linking eastern and western wings of the delta, to become a catalyst for rapid development of the western delta region, with its large unutilized reserves to support economic growth; and (2) the potentially strategic roles of nearby Guangxi and Yunnan provinces in a recently promulgated China-ASEAN Free Trade Area. Journal of Economic Literature, Classification Numbers: O15, O16, O18, O20. 2 figures, 1 table, 13 references.     

Improbable Art: The Creative Economy and Sustainable Cluster Development in a Hong Kong Industrial District

A noted Singapore-based cultural geographer and specialist on Asia analyzes the emergence and functioning of a unique artistic cluster in Hong Kong's Fotan light industrial district. The objective of the research is to understand how artistic work in the cluster, despite some challenges, has thus far proven sustainable in cultural, social, and economic terms. The findings of this case study permit further clarification of several dimensions of an emerging theory of cultural/creative clusters, which should be considered as distinct from business and industrial clusters. Selective comparisons between the Fotan cluster and the Moganshan Lu cluster in Shanghai demonstrate that cultural/creative clusters do not face uniform challenges in striking a balance between economic and cultural sustainability.     

Real Estate FDI in Chinese Cities: Local Market Conditions and Regional Institutions

Two China-based geographers test the importance of market conditions and local institutions in determining the locational pattern of foreign direct investment in real estate development (FDIRE), a major component of China's urban growth since the 1980s. Using data from 35 major Chinese cities, they trace the diffusion of FDIRE from a concentration in China's major coastal cities in the late 1990s to a more dispersed pattern including large inland cities in 2008. In addition to investigating the general association between FDIRE, local market opportunities, and liberalized economies/more developed land markets, the authors assess differences in the locational behaviors of developers from Hong Kong-Taiwan-Macao and foreign countries. A concluding section explores the implications of FDIRE activity for the restructuring of China's urban system. Journal of Economic Literature, Classification Numbers: F210, L850, O180, R330. 3 figures, 7 tables, 35 references.