“Any lingering doubts that China’s WTO entry means doom for Hong Kong are forcefully dispelled by these findings. Of course, WTO entry means more business will be done in, plus go in and out of, China. But lots of this increased activity will be coordinated from and/or pass through Hong Kong, boosting key financial and business sectors, already the core of the SAR economy. Many foreign and local firms in Hong Kong will locate more activities in China, but their highest value-adding functions will remain and be expanded in the SAR.”
From preliminary findings of Dr Thompson’s study “Competitive Advantage Dynamics in the Asia-Pacific”, 24 February
| 
