The trading and logistics industry is one of Hong Kong’s economic pillars, accounting for 21 per cent of gross domestic product. Photo: Roy Issa

US-China trade war has caused major shift in global trade landscape, says Li & Fung

  • US-China trade war has created an increasingly complex global trade environment, especially for the logistics industry, says global trading group Li & Fung
  • Companies should diversify their sourcing base to avoid tariffs and consider onshoring in major consumer markets, Hong Kong company says
Topic |   China economy

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The trading and logistics industry is one of Hong Kong’s economic pillars, accounting for 21 per cent of gross domestic product. Photo: Roy Issa
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Some foreign manufacturers are shifting attention to smart household technologies to cater to China’s increasingly wealthy and health-conscious consumer market. Photo: EPA

US trade war pushing foreign lighting companies to shift focus of China production to serve domestic market

  • Lighting producers are targeting an increasingly wealthy and educated Chinese population with value-added products such as Bluetooth enabled appliances
  • Next driver of consumption in world's second largest economy will be services and leisure experiences, says researcher TS Lombard
Topic |   China economy

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Some foreign manufacturers are shifting attention to smart household technologies to cater to China’s increasingly wealthy and health-conscious consumer market. Photo: EPA
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