Anyone who knows Hong Kong from the statistics will be aware that the city is no longer a manufacturing centre. The sector accounts for less than 10% of Hong Kong GDP – hollowed out by the relentless rise in costs.
But in fact Hong Kong has a very strong manufacturing base. It has simply relocated across the border to southern China. By combining the managerial, technical and marketing skills resident in Hong Kong with the abundance of inexpensive land and labour on the mainland, the best Hong Kong companies have created businesses that are among the world’s most resilient.
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