Economists' Pick- Highlight
20 June 2018
Hong Kong’s export growth momentum was maintained into the opening months of 2018, with the HKTDC Export Index then jumping into expansionary territory in 2Q/2018. While the world’s economic fundamentals may warrant a more optimistic outlook and faster growth for 2018, the looming Sino-US trade war poses a major threat and could significantly reduce the pace of growth if punitive trade measures are eventually adopted by both sides.
China’s Social Media Marketing (6): How Hong Kong Firms Can Build Sales via Mainland E-Commerce Platforms
JD Group e-commerce business is divided into JD.com and the cross-border JD Worldwide. JD.com is mainly selling domestic and joint venture firms’ products. On the other hand, JD Worldwide is a cross-border platform mainly selling overseas products which comply with China’s cross-border e-commerce policy. JD Group shares its experience working with Hong Kong companies. JD Group also analyses the operational and marketing strategies that Hong Kong companies need to pay attention.
Over the past 20 years, while Hong Kong and Singapore have both demonstrated particular economic strengths, there has been a considerable gap in their comparative growth rates. The differences in the two cities’ growth rates is largely due to increasing population levels. While Singapore has a lower overall population level than Hong Kong, its labour force participation rate is higher.