Hong Kong Economy
It is important to know about Hong Kong economy, for those who wish to migrate to the special Administrative region of China. Hong Kong tops in the list of world’s most stable economies and gets an unprecedented support from world’s fast growing country, China.
Sprawling over a land mass of 1,104 km2 (426 sq mi), Hong Kong is located in the heart of Asian continent and blessed with excellent geographical snapshots. Evolving as the world’s fastest growing economy, Hong Kong is largely accessed by those of foreign business and investors, and is a major financial hub.
Moreover, Hong Kong is blessed with a highly productive and efficient workforce, which has been providing a great assistance to the region to grow economically. Hong Kong successfully adopted and utilized the western business method that eventually delivered a positive outcome and made the region economically most strong.
Besides, several other factors are also responsible for making Hong Kong a rising power in the world economic horizon. Some of the crucial factors are flexible tax system, political stability and business perks. Many entrepreneurs across the world have been observed to have great desires to move to Hong Kong to set up their own business or make a joint venture with the local company.
Besides, Hong Kong also has by leaps and bounds growing service industries to claim. Some major highlights are Information Technology, Telecommunication, Insurance, Tourism and Banking sector.
Though all the service industries equally contribute to the economic development, tourism industry got a special attention for offering an immense contribution to Hong Kong’s economic growth as well as churning out the employment opportunity. Statistically, a large number of Hong Kong Population is engaged in tourism sector that served about 29.5 million visitors in 2008.
Aside from tourism sector, Hong Kong’s entertainment industry is also a booming industry that given a new identity of Asia’s movie capital to the region. Hong Kong has also achieved a
notable progress in information technology and finance.
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