China's trade is set to double in five years after WTO accession. Moreover, most investment experts feel foreign direct investment flows will shift from Southeast to Northeast Asia in the coming 10 years. If so, Hong Kong will benefit. Already, more than 3,000 overseas companies have regional headquarters or offices in Hong Kong. Many are arriving in anticipation of China's WTO entry.
People make great cities.
Hong Kong works hard to retain its primacy as Asia's world city and trade hub. It would mean more opportunities for everyone. I was just in Kuala Lumpur for the 50th Annual Conference of the Pacific Area Travel Association, and the impression I received of the current political and social course is one of discontent. Having to travel by taxi every morning and evening for the conference, I took the chance to discuss the fair city with the very approachable taxi driver fraternity. As in most cities, taxi drivers are often quick off the mark and enjoy a free-flowing conversation, particularly with foreigners.