It’s no secret that the 21st century will belong to China. Asia’s biggest market already has enough economic clout to call the shots where international politics are concerned, and this summer Forbes calmly asserted that a mild contraction in Chinese growth would cause financial Armageddon across the globe.
In short, China is big business. In manufacturing, in agriculture and soon in finance, the world’s last Communist superpower is leading the way. But there’s one vital sector where this 9.7mil km² behemoth seems to be lagging behind a certain tiny neighbour. As far as tech is concerned, Hong Kong may just be the next big thing.
Hotelclub.com have made this possibility the focus of their latest infographic. Aside from tallying up the cost of China’s ‘Great Firewall’, it reveals the absurd differences in internet speed between HK and the mainland (55 MBPS and 3.5 – 5 MBPS, respectively).
Thanks to discrepancies likes this, foreign investment as a percentage of GDP is growing in Hong Kong as it decreases in mainland China; helped along by business-friendly banking policies and a population that is 90% online. Check out their figures and other arguments below to get a picture of tech’s potential future in this exploding new market.