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Beijing and Tokyo Can Learn from China’s 'Hong Kong of the North'

The Summer Davos forum in Dalian highlights the role of markets over government direction in achieving sustained economic growth.

Jul 10, 2026, 7:09 AM Nikkei Asia

Summer Davosperson Hong Kongperson Beijingtopic Chinageography Tokyogeography Kohei Fujimuraperson World Economic Forumperson Daliantopic Hong Kong of the Northtopic Tokyo Can Learnperson Liaoningtopic Nikkei Asiaorganization

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In late June 2026, the World Economic Forum and the Chinese government jointly hosted the Summer Davos forum in Dalian, a city in Liaoning province, China. Dalian was once envisioned as the "Hong Kong of the north," reflecting its aspirations to become a major economic hub.

The forum underscored the perspective that markets, rather than government direction, provide the best path to sustained economic growth. This insight offers valuable lessons for both Beijing and Tokyo as they navigate their economic futures.

(Photo by Kohei Fujimura)

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