The “front shop back factory” model started to decline eventually after the mid-90s due to:Question 15Answera.HK can only retain the crucial parts of the service content operationsb.All of themc.Products originating from China firms started to conduct their material management, sourcing, shipping and exporting in China.d.The growth of outward processing trade induced the revival of entreport trade in HK

The characteristics of HK’s trade pattern after the opening up of China during 80s and 90sQuestion 19Answera.A large proportion of HK’s exports were domestic exports.b.Exports of services were not significant in HK’s tradec.Re-exports shared a large proportion in HK’ total exportsd.None of them

The rapid deindustrialization from 1980’s to 1990’s destroyed many manufacturing jobs becauseQuestion 18Answera.the productivity growth in manufacturing far below servicesb.All of themc.Appropriately designed industrial policy in HK during 80s and 90s facilitated the development of service-based economyd.Hong Kong lost its comparative advantage in manufacturing

Today, doing business is not easy for businessmen, as they are not used to competition. In the past they were selling whatever .....(17)......produced and at their desired price. But, (18)... the competition has increased over the years, customers started to ....(19).....and choose. Imports have become.....(20)....available and that too at cheaper .......(21)...........

In the early 2000s, Chinese companies exported much of their output because… Group of answer choices China is in the Northern Hemisphere and goods naturally flow downwards toward the equator and East to West due to the Earth’s rotation. They tended to manufacture under license for foreign buyers. They were all wholly owned subsidiaries of foreign multinationals. Chinese consumers are very hard to please.

Which of the following commodities was NOT exported by China during the Ming era?Group of answer choicesSilkTeaPorcelainSilverLaquerware