King Kong?
Which city leads the world in competitiveness? Hong Kong, according to a new ranking by the Institute for Urban Strategies, a think-tank funded by Japanese property developer Mori Building. Hong Kong scored higher on the Global Power Inner City Index than Tokyo, Paris and five other cities across 20 indicators measuring vitality, culture, luxury, amenity, mobility and interactivity. The institute’s focus on central areas – with a radius of 5km and 10km – played in densely built Hong Kong’s favour. The institute also singled out another factor that helps explain the city’s high marks: shopping. The abundance of large-scale shopping centres, luxury hotels and shops run by luxury fashion brands apparently made a big difference. In its announcement, the Institute for Urban Strategies made no mention of Hong Kong’s air pollution and smog, problems that would normally affect any assessment of a city’s liveability.