Mark Lee
A new industry study has urged the government to take urgent steps to reduce the costs of transporting cargoes through Hong Kong.
Cheaper port and logistics facilities in nearby Shenzhen are fast eroding Hong Kong's market share, and the effect could be devastating for the port and logistics industry here, the report says. It costs companies US$300 (HK$2,340) more to ship a cargo via Hong Kong than Shenzhen, said the report by consultants McKinsey & Co.
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