Shanghai economy overtaking Hong Kong

Shanghai's economy overtaking Hong Kong has been one of the most discussed topics during China's ongoing NPC and CPPCC sessions. Figures show, in 2009, Shanghai's GDP was up 8.2 percent. While Hong Kong actually suffered a 2.7 percent decline. Earlier, the Chinese mainland's financial hub also said it has surpassed the SAR in terms of port handling capacity and stock market value. Analysts say, competition does exist between the two cities. But cooperation is still seen as their top priority. Donald Tsang, Hong Kong SAR's chief executive, also said in Beijing while attending the annual two sessions, that the most important thing for Hong Kong and Shanghai now is to look jointly for growth opportunities.