How many times the GDP of Suzhou is that of Hong Kong?

The total GDP of a city in Hong Kong is 6 times that of Shenzhen, equivalent to 18 times that of the entire mainland of China. But by 2020, Hong Kong's total GDP is only 87 that of Shenzhen, which is only equivalent to 2.4 of mainland China's total GDP.

Hong Kong announced its GDP data for 2020 - Hong Kong's GDP in 2020 was HK$2,710.73 billion (approximately equivalent to RMB 2.4 trillion), a real decrease of 6.1% year-on-year.

If Hong Kong is compared with mainland cities, its economic aggregate today is not as good as Beijing, Shanghai, Guangzhou, Shenzhen and Chongqing, ranking 6th. Suzhou, ranked 7th, is only about 400 billion yuan behind Hong Kong in 2020. Judging from the development trend, it will not take long for Suzhou's GDP to surpass Hong Kong.

Hong Kong’s pillar industries mainly include:

Financial services, tourism, trade and real estate. A few decades ago, manufacturing was the foundation of Hong Kong. Since the late 1940s, especially after the outbreak of the Korean War in 1950, Hong Kong has faced a very special opportunity. First, capital and immigrants from mainland China have poured into Hong Kong in large numbers to avoid the war; second, with the consumption power and labor force As costs increase, European and American countries need to transfer manufacturing capacity; third, mainland China is blocked by Western countries.

In this context, Hong Kong has undertaken a large number of manufacturing industries from Europe and the United States, and has become the only channel for the blockaded mainland China to communicate with the global economic and financial system. This has ushered in a wave of Rise strongly.