Hong Kong declining as world retail center

Philips, Lisa; Sternquist, Brenda
July 1990
Marketing News;7/9/1990, Vol. 24 Issue 14, p8
Trade Publication
The article focuses on the decline of Hong Kong, China as world retail center. Hong Kong, China has emerged as the most successful example of free trade during the past decade. The June massacre at Tiananmen Square, China, the European single market in 1992, and the scheduled change of Hong Kong's ownership from British to Chinese rule in 1997 are the major factors that worked against the colony. After that nearly two-thirds of executives, professionals, and entrepreneurs planned to leave the colony. The exporters fear that more efficient Asian producers could take over their exporting business and European countries could also emerge as rival low cost producers.


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