Notice of RetractionWorld-class city under globalization

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE\´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Compared to early industry city\´s economy, the trend of today\´s economy is globalization, which is marked by international trade and investment as well as multinational firms. Under this trend of globalization, some great cities just as London and New York play an influential role in the global economy and they are called "world city", which is the source of "world-class city". Starting from the derivation of "world city" and "world-class city", this paper makes definition and comparison of these similar phases. Then it carries out the explorations on the characteristics of world-class city. Following that, the key issues of city competitiveness to the 21^st century are established. With special reference to Hong Kong, this paper studies its existing situation according to the characteristics of world-class city and points out its advantages and disadvantages. The development of Hong Kong is unique, it has the world-class economy, which owes to its prosperous financial and trade industry, but Hong Kong\´s culture, education, technology and environment are not world-class. Finally, this paper makes physical recommendations on enhancing Hong Kong\´s competitiveness to be a world-class city.