Hong Kong suffering growing pains

Hong Kong is a master of re-invention but, with its government increasingly perceived as inefficient, it is slowly losing ground to China. Dr Enzio von Pfeil, chief executive of Commercial Economics Asia and an independent analyst for Insight Investments, said the implications of China's growth for Hong Kong will see the city's role diminished, becoming the gateway from China, rather than to China. Angus Tulloch, Far East manager at First State Investments, said the key to Hong Kong has always been its ability to reinvent itself. In the past, it has gone from being a manufacturing centr...