Property News · November 20, 2018

Hong Kong losing competitive edge to Singapore, Shanghai and has yet to face worst of trade war impact, poll finds


Hong Kong is losing out to Singapore, Shanghai, Shenzhen and Tokyo in terms of competitiveness, according to a survey conducted by accounting body CPA Australia. Its economy is likely to be hit hard by the US-China trade war next year, according to the poll.
About half of the respondents said they expected the city’s competitiveness to drop, with only 12 per cent viewing it as the most globally competitive city in Asia. Hong Kong, however, did rank higher than Seoul, Beijing and Guangzhou…

Source : South China Morning Post
Read more…Hong Kong losing competitive edge to Singapore, Shanghai and has yet to face worst of trade war impact, poll finds

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