Hong Kong Port: the former and future leader of the port industry?
Семенова Нелли КимовнаВосточная аналитика '2024, №1, с.127-145
DOI: https://doi.org/10.31696/2227-5568-2024-01-127-145
The special status of Hong Kong and the specifics of its historical development have
an impact on the current state of the economy, including the port development of the Special
Administrative Region of the People’s Republic of China. The article analyzes the place of Hong
Kong in the global and regional port systems, the history of the economic and political formation of Hong Kong, the economic indicators of the port over a thirty-year period.
Investigating the causes of the economic decline, the author comes to the conclusion that the
reasons for the weakening of the economy of Hong Kong container ports are a combination
of several factors, including increased competition within and outside the industry, especially
from the port cities of mainland China, the expansion of buyers’ opportunities for air and rail
transportation, etc. The problem of Chino-American trade significantly increases these risks.
Ports in China and other countries are becoming more competitive, putting pressure on Hong
Kong. Despite the fact that the global rating of Hong Kong Port has declined in recent years,
it has not lost its status as a center of high-quality logistics services. On the contrary, in the
face of increasingly fierce competition from nearby ports, the container traffic of Hong Kong
ports is still among the top ten in the world, reflecting its reliable logistics infrastructure and
professional logistics service capabilities.