Crisis gives Hong Kong 'extraordinary opps'
Monday 17 January 2011 - by Andrew Naylor
The chief executive of the Government of the Hong Kong has called on the Asia Pacific region to grasp the opportunities of the new economic order.
Hong Kong's early action to contain the crisis including targeted funding for SMEs and depositor protection schemes to retain confidence in the banking system has paid off.
With consumption in the developing world falling, new supply and demand chains have opened up in Asia. Asia is increasingly interconnected and for the region to remain economically successful, it is vital that Asian markets open up further.
Commentators and experts at the forum are optimistic that the centre of economic gravity will permanently shift East and that Asia's growing economic clout will be matched by growing influence in the policymaking process.
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