73
tuating capital markets, since Dubai is at
present knee-deep in problems.”
Risky investments
Yang told Hoje Macau, there were ob-
vious differences between Hengqin and
the Arab emirate.
“Here there are very specific busi-
nesses supported by the Macau and
Hong Kong special regions, as well as
by Guangdong, while what is happening
at present is that Dubai is submerged in
debt. So, we have to pay closer attention
to all risky investments.
What is worth taking from the
Dubai model is its capacity to draw
in foreign investment for the Macau/
Hengqin platform,” Yang stressed, add-
ing: “It’s not about copying, but we
mustn’t concentrate on just one aspect,
neither the failures nor its lessons.”
A ton of proposals
Most of the plans submitted for the new
Hengqin area come from small to me-
dium enterprises in Macau.
Gan Lin, Communist Party Secre-
tary for the Zhuhai municipality, said
the island should register great progress
within three years, including the open-
ing of the new Macau University cam-
pus and the construction of roads and
other “big projects”.
Yan Hong, who is responsible for the
administrative committee for the newly
established Hengqin area, revealed re-
cently that more than 100 investment pro-
posals - a third of them from Macau busi-
nessmen - had been submitted, though
many did not meet the laid-down criteria.
“For now, we are only creating a
commercial database to gather the larg-
est number possible, so that later we can
choose the projects we consider most ad-
equate,” said Yan.
Xie Pengfei, director of the Re-
search Center for the Development of
the Guangdong Government, sounded a
sentiment in Macau today, it’s impossi- the Pearl River Delta would take “confi- warning for Macau’s businessmen, espe-
ble to stop the integration dynamic since dence and courage”. cially small to medium companies.
both Macau and Hong Kong are eager to “It implies establishing a platform “Either you get together with big
develop their respective market econo- here based on the real estate market, economic groups or it will be difficult
mies,’’ said Yang. on services and logistics or the creative to be part of this project, for small and
The study quoted by the Xinhua industries, but the first efforts ought to medium companies will always be less
director says we may be facing a new concentrate on the financial and real es- competitive,” he said.
growth cycle similar to those of the tate markets,” said Yang. Xie suggested adopting the Singa-
1980s and 90s, and that one of the main In other words, he said: “There’s pore model by organising small and me-
ways of attracting investment may be plenty of talk about the Dubai model, but dium companies in conglomerates be-
found in the Dubai model of drawing in what I’m referring to here is the creation cause “without such a strategy Macau’s
foreign investment. Yang however cau- of an oriental Dubai. It’s not only about a business fabric won’t have a chance to
tioned that to duplicate such a model in regional need, but also an answer to fluc- succeed”.
March 2010
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140