HK Economy- Highlight
8 Dec 2017
The ability of the UK to weather the impending Brexit economic storm will not only determine the country’s economic future, but also the future prospects for HK-EU co-operation. Uncertainty and opportunity abound in the run-up to Brexit. Hong Kong, with its long-standing links with the UK, is in a prime position to help British companies develop a new free-trade based future and forge partnerships with investors and businesses in Asia.
The rise of middle income consumers in ASEAN countries keeps fueling growth of spending on many lifestyle products and services, including travel and leisure, healthcare and fashion. In the survey conducted by HKTDC Research of the middle class consumers in ASEAN countries, an attempt to reveal their shopping patterns, preferences and channels, Hong Kong is also seen as a good short-break gateway for shopping and a regional lifestyle trendsetter.
The lighting market remains promising in 2018, according to the HKTDC survey conducted at the HKTDC International Lighting Fair 2017 (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo 2017. The market for household lighting is expected to do well in the near future. LED products are likely to be popular items, while smart technology continues to facilitate the development of the lighting industry.