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Article: Hong Kong: Japanese trading houses strengthening offshore trade
- Article from:
- Asian Textile Business
- Article date:
- May 1, 2003
- Author:
CopyrightCopyright Osaka Senken Ltd. May 2003. Provided by ProQuest LLC. (Hide copyright information)
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Japanese apparel trading houses having their head offices in Hong Kong will strengthen offshore trade. It is an essential task whether Hong Kong can play a new role in the new trade competition in Asia.
Devastating Hong Kong's Financial Condition
Among textile product exports by Asian countries in 2002, only China and Vietnam achieved growth compared to 2001. While other countries kept declining after peaking in 2000, China absorbed the decreases of those countries and achieved an increase in exports.
Generally speaking, Chinese firms hold half the share of Chinese exports. Local factories of foreign firms hold the remaining half. Some people call it "made in China by foreign countries" ...