Economists' Pick- Highlight
17 Oct 2017
It is clear that Guangdong and Hong Kong enterprises resort to transformation and upgrading to increase their competitiveness in a bid to keep abreast of supply chain development on the Chinese mainland and around the globe. In order to understand more, HKTDC Research and the Department of Commerce of Guangdong Province jointly conducted in-depth interviews on selected manufacturing and trading enterprises.
HKTDC conducted face-to-face interviews with 503 buyers and 331 exhibitors attending the 2017 HKTDC Hong Kong Watch & Clock Fair. The survey results show that the industry was divided on the market outlook over the next 12 months, with exhibitors showing significantly higher optimism. Greater unity was on show when it came to evaluating product trends, with the majority agreeing that smart watches will remain the most popular items well into 2018.
Although tourism numbers are up in China, with many mainlanders keen on taking a mid-summer break, the industry is still falling short in terms of providing the comprehensive experience required by a new generation of holidaymakers.