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It should not have been this way – and there is a way for Hong Kong to catch up.
In 1993, Hong Kong’s gross domestic product (GDP) was more than 20 times that of Shenzhen. But by 2022, Shenzhen’s GDP had grown nearly 86 times and now exceeds Hong Kong’s. Hong Kong, by comparison, saw a mere 2.3-fold increase, according to World Bank statistics.
