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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (244)8/9/2003 4:39:26 PM
From: RealMuLan  Read Replies (1) of 6370
 
The Pearl River gets a necklace
By Sam Ng

HONG KONG - While the the shoppers and gamblers of Macau and Hong Kong and the governments of their two special administrative regions (SARs) are enthusiastically embracing the idea of a massive, US$1.9 billion bridge between the two cities and neighboring Zhuhai City, their counterparts in Guangdong are not so enthusiastic, nor are the wharfage and harbor tycoons who stand to lose from it.

There is little doubt that the 29-kilometer bridge, which would skip from Lantau Island in Hong Kong to Macau and Zhuhai City across the border from the Macau enclave, would be of considerable overall economic benefit to the entire Pearl River Delta, especially with Hong Kong having endured continuous deflation for 54 straight months through June and Macau suffering similar economic distress.

atimes.com
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