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April 23 2014 00:36
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23 April 2014
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1. Southern China talk fest a hot air blow-out................................................................................................... 1
23 April 2014
ii
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Southern China talk fest a hot air blow-out
Author: van der Kamp, Jake
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Abstract (Abstract): Yes, they had plans, 30,000km of new superhighways fanning out from Guangzhou and
10,000km of new railway lines with trains speeding at 200km per hour to {hellip} well {hellip} ahem {hellip} but let us have no talk here of the embarrassment Shanghai has suffered with just a short hi-tech line to its airport.
Not to worry. AsiaWorld-Expo is not being built to showcase Hong Kong products or designs. It will tout mainland wares in competition with several even bigger centres in the mainland. There is one just across the border, big and empty and hungry for business.
Clearly there was a call on AsiaWorld-Expo here to justify its existence and it has heeded the call. In the first year of operation the centre will contribute a $2.8 billion economic return, says the advertorial, again and again, in headlines, captions and testimonials. I think I have warned you before that "economic return" is pure magic.
Take a number, any number, wave your wand, and you can have any other number you want, in this case 3.67.
Research, yes, diligent economic analysis, has proved to AsiaWorld- Expo that every dollar spent at its facility will, poof, create another $3.67 spent elsewhere in Hong Kong.
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Full text: ON PAGE 3 of this newspaper yesterday we discussed the hopes of 11 aspirants to a crowning achievement of commercial success and
Links: Publication date: Jun 4, 2004 Year: 2004 Copyright: Copyright South China Morning Post Ltd. Jun 4, 2004 Last updated: 2012-01-25