These are the final paras in today's WSJ article about economic recovery in Hong Kong.
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That is just what entrepreneurs like Stanley Cheung are attempting to do. Three years ago, the 32-year-old electrical engineer spent most of his time speculating in Hong Kong's then red-hot property market. These days, Mr. Cheung is totally focused on building his fast-growing computer business, which targets customers in China.
Two years after its founding, Mr. Cheung's company, headquartered in
Hong Kong, employs 48 people who sell products such as Compaq notebook computers, while also designing and setting up computerized surveillance systems. About half of the company's revenue of US$23 million last year came from selling hardware, with the remainder coming from high-tech services to clients such as the Shanghai customs department.
Mr. Cheung is in a hurry to boost the service portion of his company's business and rely less on distribution. "China will be in the World Trade Organization eventually," he says. "That means there'll be less value for middlemen."
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