The conclusion presented in the title is not supported without more data. Bad news for Hong Kong factory owners, most likely, but how does that reflect on all of China?
- 50,000 is what percentage of all factories in China?
- How many factory closings happened last year? What is the ten year average?
- How many factories are opening? Perhaps HK factories are closing due to competition from bootstrapped mainland factories?
- What is the success rate and average lifespan for a factory in China today? I imagine it is quite low.
The article presents a compelling data point, but not a full argument. The Pearl River Delta is far from stable and there are as many carcasses of failed investments as there are successful ones.
- 50,000 is what percentage of all factories in China?
- How many factory closings happened last year? What is the ten year average?
- How many factories are opening? Perhaps HK factories are closing due to competition from bootstrapped mainland factories?
- What is the success rate and average lifespan for a factory in China today? I imagine it is quite low.
The article presents a compelling data point, but not a full argument. The Pearl River Delta is far from stable and there are as many carcasses of failed investments as there are successful ones.