The rapid transfer of technologies and manufacturing activities to the People's Republic of China (PRC or simply, "China" in this report) has raised questions as to the future competitiveness of the newly industrialized Asian economies of Korea, Taiwan, Singapore, and Hong Kong. As most global companies scramble to (1) take advantage of low-cost manufacturing in China, and (2) get an early position in the Chinese market, the latest technologies are being rapidly located within China. Hong Kong, with its attractive living environment and close proximity to China, has been the primary channel for investments and support of operations located on the mainland. The majority of Hong Kong electronics manufacturers have placed operations in South China, making Hong Kong a source of low-cost manufacturing.

Published: May 1997; WTEC Hyper-Librarian