Hong Kong Citizens Waking Up From The So-Called Service Economy Dream, Wonders Where All Factories Went
March 2, 2008 – 8:02 pm
Some Hong Kongers just woke up the other day and realized that there is no manufacturing left in Hong Kong.
Hong Kong’s economy is actually quite complicated, but the best way to describe it is as follows:
- Hong Kong’s manufacturing is food preparation, like McDonald’s and Burger King.
- Programmers in Hong Kong are not provided ample opportunity or good salary in IT.
- Top students in Hong Kong are stuck selling real estate. The average students are pushing annuities at Wealth Management firms.
As people begin to unfold the credit derivatives and structured products, problems are surfacing about actual commodities delivery: gold, wheat, pigs, etc. … and who really owns the products?
Furthermore, Hong Kongers may need to start moving to the mainland to find work in the factories they once owned.
