00:00Frank Chen is Chair Professor of Management Science at City University of Hong Kong.
00:05Professor Chen, welcome to the program. Thank you for speaking to us.
00:09You've worked in Dongguang. Tell me about the city and what makes it interesting.
00:13In the industry, as I was saying, you have an idea in Silicon Valley in California,
00:23and someone in Shenzhen will draw the blueprints.
00:28And within one day in Dongguang, you could have a prototype made.
00:36So this is, I would say, the deepest structural mode of Dongguang City.
00:45It is very competitive globally, and nationally, in some areas, it is irreplaceable.
00:58In certain industries.
01:00What advantages does Dongguang have over other manufacturing regions?
01:05Cross-border trades, e-commerce, like Shein, you know Shein, right?
01:12Oh, yeah.
01:12Like Shein, and Shein Mu.
01:18There's, again, because of Dongguang's convenient location near Hong Kong,
01:25it becomes very important to cross-border e-commerce center,
01:30which means it is a logistics and foreign trade hub now.
01:38There's another important development that Hong Kong airports have a big center in Dongguang.
01:49And they can directly, you can ship the items, goods to Dongguang, some locations,
02:00and then from there, they can fly from Hong Kong airports.
02:04It's very much convenient to foster for cross-border e-commerce.
02:11And how might Dongguang look in, say, 10 or 20 years' time?
02:16In the next 10 years' time, I would say locally, there will be a number of,
02:27at least a number of manufacturers becomes industry called, they call it hidden champions.
02:35So, which means they are globally strong, taking a significant share of the market in their specific niche markets.
02:48I would say in 10 years' time, there will be a lot of such hidden champions.
02:55Yeah, so because these remains in China, the factories equipped with most advantageous machineries
03:09from Germany, Switzerland, and Europe, they are well positioned to become a global leader in their chosen fields.
03:21And if you want to know more about the places we've covered in China's cities,
03:25you can scan the QR code on your screen right now for one of our Instagram guides,
03:30this one looking at Chongqing.
03:32And be sure to leave a comment telling us which other Chinese cities you'd like to learn more about.
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