HK Economy- Highlight
17 Oct 2017
It is clear that Guangdong and Hong Kong enterprises resort to transformation and upgrading to increase their competitiveness in a bid to keep abreast of supply chain development on the Chinese mainland and around the globe. In order to understand more, HKTDC Research and the Department of Commerce of Guangdong Province jointly conducted in-depth interviews on selected manufacturing and trading enterprises.
The Asian supply chain is continually growing. There are quite a few newly developed regions in Asia with relatively low production costs. These regions are therefore being considered by Asian and global investors as suitable destinations for the relocation of production activities or as new sources for purchasing raw materials and industrial goods. This development has also attracted the attention of Guangdong and Hong Kong enterprises.
Hong Kong’s environmental protection industry focuses on six business areas, including (1) water conservation and pollution control, (2) air and odour pollution control, (3) energy conservation, (4) waste treatment, disposal and recycling, (5) noise control and mitigation, and (6) environmental consulting services.