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What are the opportunities and potentials for HK businesses in the mainland?. The economic growth in China. Continuous growth in real GDP Also, there is an obvious growth in GDP per capita Increasing in purchasing power Enlarging the potential market in China.
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What are the opportunities and potentials for HK businesses in the mainland?
The economic growth in China • Continuous growth in real GDP • Also, there is an obvious growth in GDP per capita Increasing in purchasing power • Enlarging the potential market in China
Globalization • becoming a single-world society • Stages of production finished in different countries • Customers are no longer concern about the origin of products (low regional preference) • Minimizing the possible risks • Reinforcing global development
The development of e-commerce • General use of computer and internet • People do business through internet (e.g. e-mail, e-conference ) • Easy to manage business and operations oversea • Cross broad business become possible
The development of e-commerce (continued) • E-commerce is well-developed in HK • Possess the necessary skills and talents • A potential to enlarging the business in China
Information Technology (Example) • one of the focus for HK firms - Telecom market; - e-commerce; - and software industries
What are the strengths and weaknesses of HK businesses vis-a-vis mainland firms and multinationals?
Strengths • Developed a good image in China • High quality products and services • Good infrastructure and business system • Adequate talents and business experience • Similar culture and language with China • Market sensitive • CEPA—zero tariff
Weaknesses • Less innovative ideas • Not enough famous and local brands • High costs • Lack high-tech professionals