| Abstract | According to a survey conducted by the Hong Kong Trade Development Council (HKTDC) on Hong Kong companies with production facilities on the Mainland in November 1998, 74 percent of the respondents reported a decline in business in 1998. The decrease in business was attributed to two major factors -- an overall decline in overseas market demand, and a shift of orders away from Hong Kong to other suppliers. The article features the post-crisis development in Southeast Asia, including export ability and competitiveness increase, and manufacturing and export capacities increase. It also reviews Hong Kong's situation in 1998, and provides outlook for Hong Kong exports in the medium- to long-term, including garment, toys, watches and clocks, electronics and electrical appliances and footwear. The "China factor" and changes in the Mainland's investment environment are discussed in the article. Long-term strategies of Hong Kong manufacturing sector are illustrated. |
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