Hong Kong exports are seeing a growth of four to five percent in 2015, says Stanley Lau, chairman of the Federation of Hong Kong Industries (FHKI). He is positive about the future of technology products including electronic products, automated facilities and environmental industries; for traditional industries such as jewellery and watches, he anticipates a stable growth by single digit.
According to Lau, the United States is faring better over other traditional export markets of Hong Kong, such as Europe and Japan. The economic slowdown in mainland China has an adverse impact on consumer sentiment and purchasing power. The ASEAN market, however, is considered a new export opportunity cashing in the huge consumption market of 600 million people. Lau also recognises the potential of Dubai, Africa and Latin America for Hong Kong exports.
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