Hong Kong is a knowledge-based economy; however the city suffers from mounting challenges. Political stalemate continues as Hong Kong’s election reform plan has been rejected. Hong Kong’s technological innovation is losing ground in comparison to her neighbouring countries. Economic uncertainty looms due to an over-reliance on the four industry pillars. Hong Kong desperately needs a radical shake-up to break the inertia.
Is nurturing emerging pillar industries such as cultural and creative industries, innovation and technology; testing and certification services and environmental industries the key solution to propelling economic growth and increasing the City’s competitive edge?