Invitation to The Economic Club Meeting: "# HK's reindustrialization - wish or vision"

Can Hong Kong - supported with the right policy tools - re-industrialize and become a leader in certain industries or is this mere wishful thinking?

Tourism as well as trading and logistics, two of the four pillar industries of Hong Kong have suffered during the pandemic and it is unclear, whether they will ever return to their former strength. Consequently, there is a lot of hope and expectations for Hong Kong's future economic opportunities build on the Greater Bay Area with its 70+ million consumers.

China's 14th Five-Year-Plan, but especially the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area" (粵港澳大灣區發展規劃綱要) list supporting "Hong Kong’s efforts in exploring 're-industrialisation' in sectors where it enjoys advantages" as policy goals.

Considering high labor costs and limited land supply, re-industrialization is not an easy goal to achieve and the very cautious wording in the policy document may hint to that.

  • Can Hong Kong - supported with the right policy tools - re-industrialize and become a leader in certain industries or is this mere wishful thinking?

  • What policy tools would be required to make this vision a success?

These and other questions we are going to discuss during the upcoming meeting of The Economic Club of Hong Kong "# HK's reindustrialization - wish or vision".

Date: Sept 28th, Tue; 19:00-21:00

Location: Salon 10 (Arbuthnot Rd., 10).

The meeting will be conducted in the group of maximum 4 people to follow current government regulations for gatherings.

Articles to read:

1. Bloomberg Businessweek "Hong Kong Wants to Bring Back Factory Jobs That Left Long Ago" https://www.bloomberg.com/news/articles/2021-04-13/hong-kong-wants-to-bring-back-manufacturing-to-revive-its-economy

2. HKU Professor Heiwai Tang "Why is now the best moment for Hong Kong's economic transformation?" https://www.fbe.hku.hk/research/thought-leadership/hkej-column/why-is-now-the-best-moment-for-hong-kongs-economic-transformation/ (Article is in Chinese - please use Google translate)

3. German Chamber of Commerce Hong Kong "Back to the Future: Re-industrialisation in Hong Kong" https://hongkong.ahk.de/news/news-details/back-to-the-future-re-industrialisation-in-hong-kong

If you decide to join the meeting, please come prepared - read more on the subject, take notes, write down some thoughts and points that you would like to bring for the discussion and share with the group.

We will not have a speaker on the topic, so yours self preparation is a key for an intelligent and quality discussion within the small group of 4 people.

Fee: it's free to attend the meeting, but every attendee would buy a drink as a courtesy to the venue.

The Economic Club is a community of intellectually curious people in Hong Kong. Learn more about the Economic Club on https://www.econclubhk.org/