Monday, April 29, 2013

Hong Kong faces mainland China challenge as ports expand





Guangdong's plan to spend billions of yuan to create a network of ports, railways and waterways will pose a competitive threat to Hong Kong. But it may benefit Hong Kong exporters as a strike at the city's port enters its fifth week, say industry players.


"Look at the mess we have with the port strike now. With the strike in Hong Kong, we Hong Kong exporters depend on Guangdong to help us now," said Willy Lin Sun-mo, the chairman of the Hong Kong Shippers' Council.









via Business feed http://www.scmp.com/business/china-business/article/1225412/hong-kong-faces-mainland-china-challenge-ports-expand

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