Hong Kong Wants to Bring Back Factory Jobs That Left Long Ago

Reindustrialization could be Hong Kong's key to meeting its goal of increasing spending on R&D on new products to 1.5% of its GDP by 2022. Heiwai Tang, associate director of Asia Global Institute, tells Bloomberg Businessweek that authorities should be more aggressive and set a target of expanding the manufacturing sector’s contribution to the city's GDP to as much as 10% within a decade, with the chief executive taking the lead.