Already we have good progress in research in Chinese medicine and we are the second largest movie exporter in the world. Success in these niche industries will drive further developments in related industries. Hong Kong can well become the centre in bio-technology and satellite communication. High technology and 'high touch' are the two sides of the same coin. As technology makes work easier and leaves us with more leisure time, we demand better quality of life as well as better 'tastes'.
High touch are soft, intangible qualities that are most often associated with arts and culture.
Hong Kong being at the cross-roads of East and West, is well equipped to combine high tech and 'high touch' in creating new products and services. Examples are fashion design and local theatre productions. There are existing strengths and other opportunities. Hong Kong has accumulated a wealth of experience in industry development. Some of our industrialists are global in their operation.