| Abstract | Hong Kong has evolved from a manufacturing economy into a metropolitan economy, making it difficult to export its way out of the doldrums. A metropolitan economy is characterised by its interdependence with the vicinity. Recovery hinges considerably on sustained improvement in the regional and global economy. Therefore, government initiatives are constrained by the external environment and market trends. The key to recovery lies in maintaining a conducive business environment and infrastructure to sustain Hong Kong's competitive advantages as the preferred conduit between the Mainland and world economies. |
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