17 Shenzhen Zhuhai Dongguan Guangzhou Zhongshan Hong Kong GERD as a percentage of GDP 2019 32,33 4.93% 3.15% 3.06% 2.87% 2.11% 0.92% GERD (Hundreds of millions of CNY) 2019 34,35 1,328.28 108.31 289.96 677.74 65.37 237.20 Number of PCT international patent applications 2019 36,37 17,459 561 3,268 1,622 192 429 2.2.2 In 2019, Shenzhen’s GERD reached 132.828 billion CNY (Table 2.3), which is far ahead of all cities in the GBA and more than five times that of Hong Kong. Among the six cities, Hong Kong has the lowest GERD as a percentage of GDP, at 0.92%, which is much lower than the other five GBA cities31 (Table 2.3). 2.2.3 The Patent Cooperation Treaty (PCT) international patent application is one of the indicators that can reflect the technology and innovation capabilities of an economy. In 2019, Shenzhen applied for 17,459 PCT international patent rights, making it one of China’s most active technology and innovation cities, a number that is far ahead of other cities in the GBA. Hong Kong has only 500 PCT international patent applications, which is far behind Shenzhen, Dongguan and Guangzhou (Table 2.3). Table 2.3 Data on Key R&D Indicators of Cities in the GBA 31 National Bureau of Statistics of China 32 Department of Science and Technology of Guangdong Province, Guangdong Provincial Science and Technology Statistics Data http://gdstc.gd.gov.cn/attachment/0/415/415545/3242355.pdf 33 https://www.statista.com/statistics/632546/hong-kong-research-development-expenditure-ratio-to-gdp/ 34 Department of Science and Technology of Guangdong Province, Guangdong Provincial Science and Technology Statistics Data http://gdstc.gd.gov.cn/attachment/0/415/415545/3242355.pdf 35 https://www.statista.com/statistics/632620/hong-kong-research-development-expenditure/, Exchange rate1:1.11 (2019) 36 Department of Science and Technology of Guangdong Province, Guangdong Provincial Science and Technology Statistics Data http://gdstc.gd.gov.cn/attachment/0/415/415544/3242348.pdf 37 WIPO, World Intellectual Property Indicators 2020, https://www.wipo.int/edocs/pubdocs/en/wipo_pub_941_2020.pdf 2 Current Status of Hong Kong’s Technology and Innovation Industries
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