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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (243)8/9/2003 4:38:57 PM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
Hong Kong begins to catch its breath
By John Berthelsen

HONG KONG - Flying into Chek Lap Kok airport, especially out of the disheartening decrepitude of the Philippines or the laid-back indolence of Thailand, it is hard to imagine that this is a city famously in terminal decline, as many analysts have predicted.
...
If mainland China and Taiwan were ever to come to an agreement on direct shipping and air links, Hong Kong would take a devastating blow. Nonetheless, over the past decades its residents have been adroit at adapting to new situations, growing out of the manufacture of cheap toys ultimately to multinational finance and service industries. It is seeking to adapt again.

However, if it doesn't, the worry is that it will become, as one observer recently told The Economist magazine, "just another city on the Pearl River".
atimes.com