With a proliferation of LED applications, it is expected that the global market for lighting products will remain steady in 2015. The development of smart appliances by leading technology players, especially those related to the household systems, is likely to benefit the lighting industry in the medium term. China and several of the mature markets are seen as the markets with the highest growth potential over the next two years.
Beaten only by the US, the mainland mother-and-child market is set to be worth Rmb2 trillion this year. This has triggered massive growth in the number of domestic producers targetting the sector, while also boosting e-commerce.
In achieving basically free trade with Guangdong for Hong Kong services suppliers, the CEPA Subsidiary Agreement adopts a negative-list approach. Hong Kong companies are accorded the same rights as mainland companies in Guangdong, except for those restrictions laid down in the negative list. While this approach is applicable to many creative industry sectors under the Subsidiary Agreement, the cultural services sector continues to be positively listed.