Service Industries - Highlight
26 July 2016
“Going Out” to Capture Belt and Road Opportunities (Expert Opinion 3): Hong Kong as a Fashion Capital
Chinese enterprises are attaching increasing importance to enhancing their product design capability. Notably, the consumers demand for various consumer products and services is on the rise, both in the mainland as well as emerging markets. While their purchasing power still lags behind that of consumers in developed countries, they have their own requirements where product design and service quality are concerned.
China has investments all over Europe, the Americas and Asia, covering a wide spectrum. As China gradually extends its outbound investment to countries along the Belt and Road routes, enterprises "going out" may face higher investment risks because the legal environment leaves something to be desired in some of these countries. Strong professional support is clearly imperative.
Sharing comparable standards of healthcare services and similar tax-based healthcare systems, the Nordic region and Hong Kong can be good partners in many areas, including preventive, curative and elderly care services as well as in revolutionary health-tech and the growing need to re-structure health service delivery. Moreover, building on its solid foundation in medical research and education, Hong Kong can be a research and development partner with Nordic countries in cutting-edge medicine.