Economists' Pick- Highlight
5 Dec 2019
A consumer survey conducted by HKTDC Research discovered that mainland senior demand for leisure and entertainment services, while health improvement activities are also popular. The per-capita expenditure on services consumption ranges between RMB50 and RMB250. There is a rapid increase in the demand for tourism services, with group tours designed for seniors probably attracting older consumers the most.
Hong Kong as the Major Service Platform for Greater Bay Area Enterprises to ‘Go Out’: 2019 GBA Survey Results
Despite recent trade conflicts between China and the US, mainland enterprises in the Greater Bay Area continue to develop business in both advanced countries and Belt and Road markets. The survey results show that Hong Kong is an important service platform for such going out activities, with enormous opportunities for Hong Kong service providers to explore.
The advent of data-driven “smart construction” and related technologies could help to position the Greater Bay Area as an incubator for businesses focused on better design, building quality, environmental sustainability and risk-to-opportunity development across the core cities in China’s fastest-growing economic region, according to the Netherlands-based Arcadis consulting group.