HKTDC RESEARCH

UPS has been operating in the Asia-Pacific region for more than 30 years. In the opinion of Lauren Zhao, Managing Director of UPS Hong Kong and Macao, the availability of a large, well trained talent pool and the rapid development in the Guangdong-Hong Kong-Macao Greater Bay Area are poised to fuel the expansion of cross-border logistics services.More

The mainland’s footwear market increasing steadily. The total value of mainland footwear sales in 2018 was RMB411.3 billion, a 7.7% year-on-year increase. By 2021, it is estimated that the mainland footwear market will be worth around RMB522.3 billion. As the low-carbon, eco-friendly trend is drawing more and more public attention, various brands are introducing low-carbon products using green raw materials, energy conservation and recyclability.More

Hong Kong companies export a diverse range of sporting goods. The major categories here include sports equipment and accessories, sports apparel and sports footwear. In the first half of 2019, Hong Kong’s sporting goods exports grew by 2%, with the US and the EU accounting for nearly half of the total.More

The State Council has announced a number of measures designed to ease overall market access within the mainland. These include a comprehensive revision of the market access negative list (including a reduction in the number of restricted sectors) by end-September 2019 and a particular relaxation of the market access stipulations with regard to the services sector. More