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This study compares the evolution of economic structures in China's Hong Kong and Singapore, and explores the differences in development paths between the two under similar backgrounds. Although Hong Kong has transformed into a diversified free port, there are still potential shortcomings compared to Singapore, a free trade port. This study analyzes the transition of industrial structures and the reasons behind them from the perspective of new structural economics, and examines the impact of government macroeconomic regulation. By comparing the actions and economic performance of the two governments, this paper aims to explore how Hong Kong can adjust its development philosophy in response to challenges and seize opportunities to consolidate its position as an international financial center.
Qiu et al. (Fri,) studied this question.