Guangzhou City vs Hong Kong

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Guangzhou (; simplified Chinese: 广州; traditional Chinese: 廣州, Cantonese pronunciation: [kʷɔ̌ːŋ.tsɐ̂u] or [kʷɔ̌ːŋ.tsɐ́u] (listen); Mandarin pronunciation: [kwàŋ.ʈʂóu] (listen)), also known as Canton and formerly romanized as Kwangchow, is the capital and most populous city of the province of Guangdong in southern China. On the Pearl River about 120 km (75 mi) north-northwest of Hong Kong and 145 km (90 mi) north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road, and continues to serve as a major port and transportation hub, as well as one of China's three largest cities.Guangzhou is at the heart of the most-populous built-up metropolitan area in mainland China, which extends into the neighboring cities of Foshan, Dongguan, Zhongshan and Shenzhen, forming one of the largest urban agglomerations on Earth, the Pearl River Delta Economic Zone. Administratively, the city holds subprovincial status and is one of China's nine National Central Cities. At the end of 2018, the population of the city's expansive administrative area was estimated at 14,904,400 by city authorities, up 3.8% from the previous year. Guangzhou is highly ranked as an Alpha- (global first-tier) city together with San Francisco (the U.S) and Stockholm (Sweden). Guangzhou also ranks 21st globally (between Washington, D.C. and Amsterdam) and 8th in Asia (behind Shanghai, Tokyo, Hong Kong, Singapore, Beijing, Shenzhen and Dubai) in the 2020 Global Financial Centers Index (GFCI). There is a rapidly increasing number of foreign temporary residents and immigrants from Southeast Asia, the Middle East, Eastern Europe and Africa.

This recent population influx has led to it being dubbed the "Capital of the Third World".The domestic migrant population from other provinces of China in Guangzhou was 40% of the city's total population in 2008. Together with Shanghai, Beijing and Shenzhen, Guangzhou has one of the most expensive real estate markets in China. In the late 1990s and early 2000s, nationals of sub-Saharan Africa who had initially settled in the Middle East and other parts of Southeast Asia moved in unprecedented numbers to Guangzhou in response to the 1997/98 Asian financial crisis.Long the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Nowadays, in modern commerce, Guangzhou is best known for its annual Canton Fair, the oldest and largest trade fair in China. For three consecutive years (2013–2015), Forbes ranked Guangzhou as the best commercial city in mainland China. Guangzhou ranks 10th in the world and 5th in China (after Beijing, Shanghai, Hong Kong and Shenzhen) in terms of the number of billionaires according to the Hurun Global Rich List 2020.The city is home to many of China's most prestigious universities, including Sun Yat-sen University, South China University of Technology, South China Normal University and Jinan University. Guangzhou is also one of the top cities in the world by scientific research as tracked by the Nature Index and it ranks 15th globally and fifth in China (after Beijing, Shanghai, Nanjing and Wuhan).

Source: Wikipedia

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Hong Kong ( (listen); Chinese: 香港, Cantonese: [hœ́ːŋ.kɔ̌ːŋ] (listen)), officially the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), is a metropolitan area and special administrative region of the People's Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world. Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898.The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under a principle of "one country, two systems".Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world's most significant financial centres and commercial ports.

It is the world's tenth-largest exporter and ninth-largest importer. Hong Kong has a major capitalist service economy characterised by low taxation and free trade, and its currency, the Hong Kong dollar, is the eighth most traded currency in the world. Hong Kong is home to the second-highest number of billionaires of any city in the world, the highest number of billionaires of any city in Asia, and the largest concentration of ultra high-net-worth individuals of any city in the world. Although the city has one of the highest per capita incomes in the world, severe income inequality exists among its residents.Hong Kong is a highly developed territory and ranks fourth on the UN Human Development Index. The city has the largest number of skyscrapers of any city in the world, and its residents have some of the highest life expectancies in the world. The dense space led to a developed transportation network with public transport rates exceeding 90 percent. Hong Kong is ranked sixth in the Global Financial Centres Index and is ranked fourth in Asia after Tokyo, Shanghai and Singapore.

Source: Wikipedia