|Tung Chee-chen is impressed by Singapore outsmarting Hong Kong...|
He added Singapore began this strategy after the signing of the Sino-British Joint Declaration in 1984 when there was uncertainty about Hong Kong's future.
Tung, who's older brother is former Hong Kong Chief Executive Tung Chee-hwa, added he was struck by Singapore's forward-thinking in expanding its port infrastructure.
"I'm very impressed with the building of the port in the way that Singapore anticipated future growth," he said. "No other countries or ports in the world are contemplating similar investment. Singapore is pulling away from all its competitors."
While Tung is swallowing humble pie gracefully, we have to wonder what Hong Kong's leaders are thinking about when it comes to the city's future.
What plans do they have for Hong Kong 10, 20, 30 years from now? Are they even thinking that far ahead? Or should we really ask, is Beijing thinking that far into the future?
For a business leader to admit Hong Kong was outsmarted by Singapore is embarrassing to say the least.
This also echoes Hong Kong's tourism strategy, warmly welcoming mainland tourists and not searching new markets or wooing back other ones. And now with the slowdown in China, the city is caught flat-footed with the knock-on effect of fewer mainland visitors here and businesses suffering.
So what is our strategy? How is Hong Kong going to continue to thrive, especially in these turbulent times?