South China Morning Post published this video item, entitled “Tough times ahead for survivors of Hong Kong’s industrial past” – below is their description.
Once central to Hong Kong’s identity, local manufacturing is now increasingly seen as a sunset industry for the city. In its heyday, manufacturing comprised 31 per cent of Hong Kong’s Gross Domestic Product (GDP) but today it represents only around 1 per cent of GDP. Only six of nearly two dozen government-subsidised industrial buildings that used to house mini factories are left. And by mid-2022, only two will remain as the Hong Kong Housing Authority converts most industrial spaces into subsidised flats. For the tenants of these factory estates, the government’s plan to close some of the last subsidised industrial spaces may deal the final blow to a dying industry.
‘Big headache’ for Hong Kong factory estate tenants making way for public housing https://sc.mp/15q8
https://subscribe.scmp.comSouth China Morning Post YouTube Channel
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.
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