Hong Kong in decline

Losing ground: China’s spectacular rise has affected Hong Kong’s thriving financial services industry, along with development of port services. - Reuters

TWO generations ago cheap goods from Hong Kong were labelled simply “Made in Hong Kong,” but their poor quality soon made that embarrassing.

For marketing reasons they were then labelled “Made in the British Empire” or “Empire Made.” Britain, home of the First Industrial Revolution, was better regarded than any Far Eastern outpost.