“ Every major US general merchandise retailer uses Hong Kong for just the same reasons as Toys’R’Us, that is, for inspection, for consolidation, and for use of the superb transportation facilities. I think the burden on Hong Kong is to maintain its pre-eminence as a logistics centre, and while there’ll be competition from some of the peripheral cities and from Shanghai in terms of logistics, I think Hong Kong has a huge jump on the rest of Asia.”