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Constructive criticism is not always easy to take, especially for a place as successful as Hong Kong. Yet, if we ignore our critics, we miss the opportunity to identify weaknesses and make improvements. The claim by the nation's third most important political figure and Beijing's point man for our city, Zhang Dejiang , that we are losing our competitive edge, therefore should not be brushed aside. His observation is a reminder that we risk falling behind if we avoid problems and fail to regularly assess and hone strengths.
The focus of Zhang's concern was the economy, singled out as being the driver of development and improving livelihoods. A lack of attention to that reality meant Hong Kong was losing out to regional competitors and would continue to do so to its detriment unless distractions were set aside, he warned. It is a matter of debate whether our city has lost its edge. The World Economic Forum's annual competitiveness survey shows otherwise, while our real effective exchange rate is markedly lower than that for most of our Asian neighbours. Hong Kong is clearly still a good place to invest and do business.
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http://www.scmp.com/comment/insight-opinion/article/1231760/hong-kong-must-seek-ways-build-its-advantages
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