Hong Kong CE Turns A Corner

Things are looking up for the Hong Kong electronics industry as the local economy emerges – in parallel with the U.S. and other markets – from what is referred to here as the “financial tsunami” of 2009.

That was the assessment offered by K. B. Chan, chairman of the Hong Kong Trade Development Council’s Electronics/Electrical Appliances Industries Advisory Committee, at the group’s Spring Edition exhibitions this week.

Chan declared that the global financial crisis is nearly over, and that Hong Kong export numbers are on the rise after a 10 percent drop last year. “It’s good news in the first quarter, and the Chinese economy is robust, but there are challenges ahead, with some market uncertainty,” he added. The economic upturn is reflected in a 10 percent jump in exhibitors over 2009 and a 25 percent uptick in the number of visitors and buyers at the three co-located shows, he said.