In recent years, Hong Kong has focused on the development of the service industry and the financial industry. In this year's policy address, it has proposed an important transformation direction in the industry and economy-"re-industrialization."
In fact, China, which has maintained a major manufacturing industry, has emerged economically in recent years, and Western society has begun to realize that the past blindly encouraging "de-industrialization" and advocating the service industry have caused problems such as hollowing out of the industry.
Advanced countries like the United States and Japan have constantly tried their best to implement "re-industrialization" in recent years.
In the second quarter of 2021, 88.6% of people in Hong Kong were engaged in the service industry, but those engaged in retail, accommodation, and catering services accounted for 14% of the total working population.
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However, many Hong Kong people may preconceived that the economically developed regions will focus on the development of high value-added service industries. They are full of doubts about "re-industrialization."
It is true that in the past few decades, Hong Kong was unable to compete with the low-cost mainland, which led to the development of a large number of light industries northward.
However, "de-industrialization" will have a negative impact on the development of a region in the long run. Therefore, the trend of "re-industrialization" will appear one after another in various countries...
For details, please read the 286th "Hong Kong 01" Electronic Weekly Newsletter (October 11, 2021)
"Dialogue with Hu Enwei-The Key to Hong Kong's Cultural Resurrection"
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286th "Hong Kong 01" Electronic Weekly News
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