PUBLICATIONS & REPORTS
PUBLICATIONS & REPORTS
From Kitakyushu to the world: AGI, a research institute that studies Asia's economy and society
Reshaping Hong Kong’s Economy in the Past Decade: Triangular Trade and Economic Integration into Guangdong
| Author | Miyohei Shinohara |
|---|---|
| Date of Publication | 2003. 12 |
| No. | 2003-40 |
| Download | 386KB |
Contents Introduction
In Hong Kong, two tremendous changes have occurred in the past decade. One is the rise of the re-export/total export ratio to more than 90 percent, which reflects the rapid expansion of triangular trade between China, Hong Kong, and other countries. Another is the drastic decline of manufacturing’s share of GDP from around 20-22 percent (1980-1988) to an extremely low level of 5.6 percent in 2000, which resulted from the massive transfer of manufacturing plants to China and the integration of the Hong Kong and Guangdong economies. This paper explores these phenomena statistically, detailing trends by size of establishments in manufacturing and by industries, a topic which has generally been neglected among economists.