HONG KONG SECTIONS

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Chinese second hand equipment market has great potential to be exploited and is very promising. It is expected that Chinese second-hand machinery & equipment is valued at $60 billion and the market demand for second hand equipment id growing.

Hong Kong also severs as a re-export centre for used equipment trading; most of which go to other parts of China.

Hong Kong's leading sectors for exports and investments.

Telecommunications Equipment: The Government's decision in May of 1999 to further liberalise the telecommunication services market will stimulate additional demand for equipment.

Computer and Peripherals: total IT spending reached $2.6 billion in 1998 and will grow at a 9% average annual rate.

Paper: the worlds forth biggest printing and publishing centre.

Aircraft and Parts: demand for replacement and maintenance purposes will increase tremendously due to increasing aircraft movement.

Laboratory and Scientific Instruments: An injection of $650 million will generate an increase in demand for laboratory and scientific instruments.

Food Processing & Packaging Equipment: the industry has experienced an average growth of more than 5% per annum since 1993 with an industry gross output of $2.5 billion.

Railroad Equipment: In the next five years they will invest more than $15 billion to expand its railway network.

Medical Equipment: total medical equipment imports are $756 million.

Building Products: the government will invest $30 billion in road, rail, land formation, housing and port development during the next five years. Hong Kong relies heavily on imports of building products because local production is too small to meet demand.

Pollution Control Equipment: Total waste reduction cost will be $30 million.


HONG KONG SECTIONS

Overview Market Information News Updates Product Profile Venue