We are all reborn, who wants to be the richest man?
Chapter 491 Development of Hong Kong Island in 1987
In 1987, Hong Kong Island was still on the highway, with both GDP and per capita GDP reaching new highs.
Before the Spring Festival, Far Eastern Bank was the first to announce the GDP of Hong Kong Island in 1987, which was as high as US$1353 billion.
This number is almost the same as the historical data in 1994, and is still growing rapidly.
The per capita GDP is also 2.21 US dollars, surpassing Sweden, one of the five Nordic countries, and ranking ninth in the world.
Economists all over the world are now studying the economic development of Hong Kong Island. There is no problem with the good economic development of the Four Asian Tigers, but the economic development of Hong Kong Island is a bit too rapid.
Asia accounts for three of the top 11 GDP rankings in the world. The UAE, which ranks third, relies purely on oil exports. There is gold underground and no one can do anything about it, even if they can’t learn from it.
No matter how powerful an island country is, its population and industrial foundation are there, and a large amount of hot money is now flowing into the island country. Although no one says it directly, it is a consensus that the island country's per capita GDP is inflated.
Hong Kong Island is different. It is a city without any rich natural resources, but its stock and property markets are very reasonable. How come its per capita GDP is so high?
In fact, the answer is very simple and obvious. It is driven by high value-added industries such as technology, medicine, semiconductors, and services.
It is simple, but you still have to study it.
How come these industries have developed in just a few years? What have they done?
All the research has proved one thing, that is, Hong Kong's economy can be used as a reference but not copied.
What can be learned from is the economic development model of Hong Kong Island, but the reason why it cannot be replicated is the Far East system.
There is no problem for a consortium to drive the development of a city, but no consortium has such a serious impact on the economy of a city as the Far East Group and Hong Kong Island.
You can drive the economic development of a city, but it will never reach the level of Hong Kong Island.
Harvard Business School conducted an in-depth analysis of the economic development of Hong Kong Island and concluded that without the Far East System, Hong Kong Island’s economic level might not even reach half of its current level.
In addition to economic growth, all industries in Hong Kong Island achieved remarkable results last year, which is a bit like blossoming everywhere.
In the medical field, the HKUST Faculty of Medicine and the University of California, Berkeley provided the first evidence for the existence of the BRCA gene, which encodes a DNA repair enzyme involved in breast cancer susceptibility. To put it bluntly, there has been a breakthrough in breast cancer.
In addition to this, the HKUST Faculty of Medicine and Chris Hospital also discovered Takotsubo cardiomyopathy, which we commonly call emergency cardiomyopathy.
This is a type of acute heart failure syndrome, which is a very significant discovery in the medical field. It has been reported in renowned medical journals around the world, and many internationally renowned medical experts have come to the Chris Hospital in Hong Kong Island to conduct research and study.
After talking about the medical industry, let’s talk about the related pharmaceutical industry.
In 1984, Pfizer Bristol-Myers Squibb established a research and development center in Hong Kong Island.
Three years have passed, and this R&D center has brought Pfizer Bristol-Myers Squibb scientific research results that no one expected.
Starting from November, the latest antidepressant drug fluoxetine, also known as Prozac, developed by Pfizer Bristol-Myers Squibb's Hong Kong Island Research Center entered clinical trials.
If the effect meets expectations, it will be another revenue generator for Pfizer Bristol-Myers Squibb.
This is a psychiatric drug, which is the least likely to cause a devastating breakthrough. We can see that many psychiatric drugs in the market are upgraded through iterations, which shows how difficult it is to develop this type of drug.
The first generation of antidepressant drugs was developed as early as the 50s, but the side effects were too severe.
In 1969, someone published a paper in The Lancet that linked serotonin levels to depression.
However, this hypothesis was too avant-garde at the time and no one believed it and went to study it.
But as research on antidepressants becomes more and more in-depth, the speculation back then is becoming more and more likely.
In this way, after its establishment, the Hong Kong Science and Technology Center took this paper as one of its main research focuses.
Just like there is a football among a hundred basketballs, with the main focus, the researchers spent three years proving the theory and developing new drugs.
In terms of technological inventions, not to mention the Far East Group, United Lighting has also achieved great results.
By deeply exploring LED research and development, United Lighting has developed high-power LED lights.
However, this type of lighting is expensive and not suitable for daily use. However, United Lighting has developed another path, which is industrial lighting and medical lighting.
On the academic front, British physicists working for the Far East Group have demonstrated that mirror symmetry can be used to solve problems in enumerative geometry.
Enumerative geometry is a discipline that studies enumeration problems in geometry. It mainly focuses on how to solve geometric problems through enumeration.
The key is that one of its important application areas is in computer graphics, which is very important for the research of many projects of the Far East Group and can be regarded as opening up a new line of thought.
In computer graphics, various geometric changes need to be made to images, such as translation, rotation, scaling, etc., and enumeration geometry can be used to solve these geometric transformation problems.
By enumerating all possible situations, the optimal geometric transformation method can be found to obtain high-quality image results.
In addition to enumeration geometry, there is another discovery that is worthy of the Nobel Prize in Medicine, and that is the discovery of CRISPR.
CRISPR is a repetitive sequence in the genome of prokaryotes and is an immune weapon produced in the history of life evolution in the fight between cells and viruses.
Simply put, viruses can integrate their own genes into bacteria and use the bacteria's cellular tools to replicate their own genes. In order to eliminate the foreign invading genes of viruses, cells have evolved the CRISPR system.
This discovery is of great significance to mankind's fight against various viruses. I believe that it will not be long before a Nobel Prize winner in Medicine will be born in the Far East.
Although these discoveries are great and can bring huge benefits to the Far East in the future, these are not the inventions and creations that Luo Nianzhong values and is most pleased with.
Carbon nanotubes are something that Luo Nianzhong had only heard of but never seen. When he first saw the finished product of this thing, his first thought was "Isn't this just a low-quality plastic bag?"
Don't underestimate this "broken plastic bag". It is a material called super fiber. Tens of thousands of carbon nanotubes put together are only the size of a hair.
In terms of mechanics, its strength is comparable to that of diamond. Its strength is two hundred times that of steel at the same volume, but its weight is only one sixth of that of steel.
It has better electrical conductivity, which is 10,000 times that of copper. It has a series of advantages such as extraordinary strength, thermal conductivity, magnetic resistance, etc., and its application fields are even wider.
For example, carbon nanotubes with cement as the matrix have very strong anti-corrosion, anti-static, anti-wear properties, and good impact resistance, and can be used in infrastructure.
Even clothes and daily necessities can be used to develop many high-end products based on their good thermal conductivity, such as warm clothing.
It is even possible to make a nanoscale to weigh the mass of a single virus.
What Luo Nianzhong cares most about is its military use. This thing is needed for bulletproof vests, stealth fighters, etc. It is a real bottleneck.
In general, Hong Kong Island in 1987 was already on a smooth road as originally envisioned by Luo Nianzhong.
Now Luo Nianzhong does not need to spend too much time thinking about the future development of Hong Kong Island. He just needs to give some directions when it deviates from its course.
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