Trade Quarterly Industry News

Big plan for a big brand    < 2013-05-19 >

    "Massive growth of Mainland online population". Scott Price is the President and CEO of Walmart Asia. He's responsible for the company's operations throughout the region, including China, Japan and India. Martin Evan-Jones: Walmart entered the Chinese mainland market in 1996, and recently Walmart China announced a new strategic optimisation plan to open 100 new stores in the next three years (now over 390 stores) and re-adjust the merchandising organisation to

"China's Manhattan"service model    < 2011-02-16 >

    Photo courtesy of Xinhua News Agency Last August, China's State Council approved a plan to transform an area within the Shenzhen Special Economic Zone into a service hub for the entire PRD region. At the same time the land (currently under development) has plenty of expectations riding on it: it'll be no less than a fully powered up innovation zone, demonstrating Guangdong's development of modern service industries in co-operation with Hong Kong. In some quarters, the project

Guangdong, Hong Kong keep the crown    < 2010-02-17 >

Photo courtesy of Xinhua News Agency Southern China has long been the preferred place to manufacture or source exports made by Hong Kong companies, and this attractiveness has increased in recent years, despite the perceived trend towards diversification across the Mainland. The large scale HKTDC 2009 tri-annual survey charts where Hong Kong companies produce or source their exports and shipping arrangements, and estimates the share of domestic exports, re-exports and offshore trad

The Yen: lessons from the past    < 2011-02-16 >

    © During the 1970s and 1980s, the Japanese Yen gained favour as a foreign exchange and reserve currency in international financial markets. At the time, the country's capital account had been liberalised and its currency was allowed to float freely. In essence, the Yen was the model for a fully-functioning international currency, with the attendant enhancement of Japan's very consi derable international trade. And yet, all didn't go well. The sequen

Conditions for an international Rmb    < 2011-02-16 >

    © It has to be the next item on the agenda: having grown such a large economy it behoves China to turn its attention to developing its domestic financial system, and that means reforming and liberalising the capital account. Creating an offshore Rmb market in Hong Kong, the most open of regions in China with a sound banking system and mature, well-developed financial infrastructure, is a no-brainer in the process. Hong Kong therefore serves as a test

Rmb's future as an investment vehicle    < 2012-02-15 >

  Mark McCombe is Senior Managing Director and Asia Pacific Chairman of BlackRock. He was commenting at the side of the Asian Financial Forum 2012 in Hong Kong, when he spoke on "the rise of the Rmb zone". Martin Evan-Jones: You have been looking at the rise of the Rmb, first as a banker and now as an asset manager. How does your perspective differ? Mark McCombe: I was very fortunate to be [in banking] during the most exciting period in the development of the

Australia's Asian tilt    < 2013-02-19 >

    "Dialogue with Hong Kong on Rmb trade and investment." Wayne Swan has been Deputy Prime Minister of Australia since 2010 and Treasurer since 2007. He was speaking in conjunction with the Asian Financial Forum 2013 in Hong Kong, where he was a principal speaker. Martin Evan-Jones: With the backdrop of easing monetary policy in major economies, what impact will the strong Australian dollar have on the domestic economy? Will the government persist with a " strong dolla

Entering 2013 with confidence    < 2013-02-19 >

The HKTDC Export Index in each TQ issue is designed to monitor the current export performance of Hong Kong traders and gauge their near-term prospects. Hong Kong exporters' confidence improved significantly in 1Q13, with the HKTDC Export Index rebounding to 49.5 from 31.6 in 4Q12. Most major industries saw better sentiment. In particular, the indices for machinery, toys and electronics jumped some 20 points into expansionary territory. As to major markets, export confidence saw acros

China's economic dynamo spurs global growth    < 2012-12-10 >

  Justin Yifu Lin was Chief Economist and Senior Vice President of the World Bank from 2008 to 2012 and is the Founder and first Director of the China Center for Economic Research. Edward Leung: You've always maintained that China would have a high growth rate over the next 20 years. Why is that? Justin Yifu Lin: Well, I think China has the potential to grow at 8% in the coming 20 years. And the reason why China has that potential is because the country still has a lar

Hong Kong Export Confidence Inches Up    < 2013-02-18 >

The HKTDC Export Index in each TQ issue is designed to monitor the current export performance of Hong Kong traders and gauge their near-term prospects. Hong Kong exporters' confidence improved further in 2Q13, with the HKTDC Export Index looking more expansionary-minded than at any point over the last two years.  The electronics, jewellery and timepieces sectors showed greater optimism compared with last quarter. In particular, the index for electronics remained well above the watersh

Can global trade survive protectionism?    < 2013-09-17 >

Sheng: "Sooner or later, we will need to sit down together and agree on a multilateral system and then preserve it." SMEs, emerging economies, China and Hong Kong all have a vested interest in the World Trade Organization surviving and global trade returning very much to the fore, Andrew Sheng, President of the Fung Global Institute, tells Nicholas Kwan, HKTDC's Director of Research. Nicholas Kwan: With the current Doha round of talks seemingly in danger of collapsing an

Hong Kong Exporter Confidence Shrinks    < 2013-09-17 >

The HKTDC Export Index, featured in each edition of TQ, monitors the current export performance of Hong Kong traders and gauges their near-term prospects. Hong Kong exporters’ confidence dropped in 3Q13. The HKTDC Export Index reads 42.1, signalling a lack of confidence in Hong Kong’s exports in the short term. This negative sentiment was spread across all major industries and markets. In particular, the indices for the Chinese mainland and Japan indicated possible contraction. Excep

Short-term Gloom, Mid-term Optimism    < 2013-12-17 >

HKTDC Export Index drops to 38.5 in 4Q13, signalling short-term fragility. Hong Kong exporters' confidence has now dropped for two consecutive quarters. In 4Q13, the HKTDC Export Index declined to 38.5, its lowest reading in a year. All major industries recorded readings below 50. Machinery, electronics and jewellery exporters were relatively less pessimistic. Market-wise, exporters were the least confident with regard to the EU, while the indices for the Chinese mainland, Japan and

Cross-Strait trade: the Hong Kong factor    < 2010-09-16 >

    © The month of June 2010 was a highly significant one for Mainland and Taiwan trade relations. It's promising to be so also for Hong Kong's role in those cross-Strait ties, particularly where it comes to technology-driven industries, systems integration and enhanced logistics. June was the month in which respective authorities signed the Economic Co-operation Framework Agreement (ECFA) and an agreement on intellectual property ri

"Seek transformation and explore new horizons," Stanley Lau newly-elected Chairman of FHKI tells Hong Kong businesses    < 2013-12-17 >

Lau: 'Hong Kong companies should give up on the cheap land and low wage operational mode they have employed in the past.' Pansy Yau: In the midst of the global economic downturn, how did you view the challenges facing Hong Kong companies? Stanley Lau: The majority of Hong Kong companies have set up production facilities in the Pearl River Delta (PRD) in Guangdong. Over recent years, these mainland-based

Look beyond the numbers    < 2013-02-18 >

  Edward Leung has oversee n research for the HKTDC for over 20 years . Along with his HKTDC mandate , he has serve d as a member of the Hong Kong Committee for Pacific Economic Cooperation (HKCPEC) and the Transport Advisory Committee of the Hong Kong Government. Martin Evan-Jones: There are said to be two kinds of economic forecasting: intrinsic (or extrapolative) and extrinsic (or as

HKTDC Trade Quarterly Issue No.29: The 2014 road to recovery: The drive for brighter times    < 2013-12-17 >

    Synopsis The final print edition of the TQ shows Hong Kong’s exporters reassuringly upbeat about the prospects for 2014, while the new Shanghai FTZ seems to offer more opportunities than threats. New markets include Hungary, Hong Kong’s fastest expanding central Europe export destination, and the Korean logistics sector.

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