MANUFACTURING INDUSTRIES

Northern Vietnam: A Magnet for Foreign Investment

09 March 2020

Vietnam has become a victim of its own success as manufacturers complain about congested ports and roads, and rising costs for land and labour, particularly in the South. With improving infrastructure and government incentives, Northern Vietnam has become a new magnet for foreign investment, especially for the electronics industry. More

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China’s 13th Five-Year Plan: Made in China 2025 and Industrie 4.0 Cooperative Opportunities

07 June 2016

While Made in China 2025 and Industrie 4.0 may lead to competition between Chinese and German industries, the different development priorities of the two strategies reveal more opportunities for cooperation than competition, including in the area of industrial robots. While Hong Kong is the first port of call for Chinese mainland companies seeking foreign partners, the strength of its technology sector also make it an ideal place for foreign companies to tap into the mainland market. More

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China’s 13th Five-Year Plan: The Challenges and Opportunities of Made in China 2025

27 May 2016

China’s 13th Five-Year Plan will implement the Made in China 2025 initiative in greater depth, aiming to make the country become a manufacturing powerhouse. This will stimulate China’s demand for advanced technologies. Hong Kong’s extensive technology and professional services can help promote technological cooperation between mainland and foreign enterprises. Hence, Made in China 2025 is set to generate a host of opportunities for Hong Kong’s technology sector and service suppliers. More

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China: Overall Export Competitiveness Remains Intact

12 May 2016

In 2015, China recorded its first decline in export value since the financial crisis of 2009. This has triggered concerns as to whether China’s export competitiveness is eroding rapidly in light of the competition arising from the emerging number of alternative production bases. However, trade statistics show that China is continuing to expand its share of the overall world export market share, while its export product mix is becoming increasingly sophisticated and high-tech. More

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Industrial Relocation Development in Chongqing

22 July 2015

The central government upgraded Chongqing to a municipality in 1997 and made it a stronghold for the development of the western region. The Chongqing municipal government woos light industries from the coastal areas in a bid to maintain balanced industrial growth between the coastal areas and inland regions. Since Chongqing has cheaper land use costs and an ample supply of labour, Hong Kong companies may consider extending their reach to the municipality in line with development strategies. More

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New-Style Urbanisation in Yangtze River Delta Boosts Demand for Environmental Technology

29 January 2015

China’s urbanisation initiative is bolstering the construction of supportive facilities for urban living, promoting hygiene and establishing liveable urban-rural areas. This will create opportunities for competent players in such areas as refuse/wastewater treatment and pollution control in the YRD region, in which developers are looking for technology and solutions for maintaining environmental hygiene and conserving resources in the course of development of new areas. More

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Smart Cities Augur Well for IoT Opportunities in Yangtze River Delta

08 January 2015

According to China’s new-style urbanisation plan for the YRD, several clusters of smart cities will be developed. This will, of course, boost demand across the region for Internet of Things services. Hong Kong’s IoT industry players excel in utilising technologies that have been developed in accordance with widely-accepted international standards/frameworks, and strong demand in the YRD region for IoT has created opportunities for those competent players looking to enter the market. More

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Chinese Mainland Production Costs: September 2014 Update

29 September 2014

According to an HKTDC survey, carried out in the third quarter of 2014, 67% of responding Hong Kong companies experienced a rise in labour costs on the mainland compared to the previous quarter. Of those respondents who experienced higher labour costs, 29.9% said the increase was more than 10%, while 49.2% said the increase ranged between 5% and 10%. More

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China’s Medical Device Market

21 May 2014

The HKTDC’s Hong Kong International Medical Devices and Supplies Fair was held between 7-9 May, 2014. During the event, Ir Dr Andros Chan, Deputy Chairman of the Hong Kong Medical and Healthcare Device Industries Association (HKMHDIA), shared a number of the Association’s research findings as part of his Medical Device Channel Establishment in China – The Hong Kong’s Perspective seminar. It is a brief summary of his presentation. More

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The Chinese mainland production costs: March 2014 update

26 March 2014

An HKTDC survey carried out in the first quarter of 2014 found that 71% of responding Hong Kong companies experienced a rise in labour costs on the mainland when compared to the previous quarter. Of those respondents who experienced higher labour costs on the mainland, 28.2% said the increase was more than 10%, while 50.7% said the increase ranged from 5% to 10%. More

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