FHKI 60th Anniversary Commemorative Album

They then seized the opportunities emerging from the economic open-door policy of the Mainland introduced in 1979. Hong Kong industrial enterprises started to relocate production lines northward, mostly to the neighbouring Guangdong Province, in particular the Pearl River Delta (PRD) region, where production costs could be significantly reduced. Since the Hong Kong Government adopted its laissez-faire policy, Hong Kong industrialists, to seek further development, had to find solutions to the problems they encountered, including the ever-rising production costs due to labour shortage and high land rent. 1980 s Northbound Relocation and Transformation (1980s and 1990s) 香港工業總會六十周年紀念專集 34