Monday, 24 April 2017

Tears and Laughter: Is Golden Dragon Copper tarnished?

[Background: In September 2012, I was taken to see the site of the new Golden Dragon factory by the Mayor of Thomasville, Alabama. The ground had just been broken, so there was not yet much to see, but the story looked a promising one: a locality with a rural unemployment problem and a caring town government was about to host a production facility that would provide lots of jobs. Unfortunately, it seems Golden Dragon pursued employment, safety and other management practices more akin to those in China, with the result that there were fewer jobs than expected, at lower wages, and the factory has therefore been plagued with high labor turnover and low profitability. The sad thing is that these troubles could have been avoided if the management had chosen to seek advice on how to develop a profitable commercial strategy along with a multi-faceted, properly monitored set of responsible business conduct policies that would not only have complied with the law but would also have met the expectations of the community in which the company had chosen to establish its operations. Other companies considering greenfield investments of this kind would be well advised to take note.]

Articles citing Ken Davies in the South China Morning Post

Brexit offers HK golden opportunity

This article appeared in China Daily, Hong Kong Edition on 24 April 2017.

As outgoing Chief Executive Leung Chun-ying said earlier this year, Hong Kong business people and investors can turn the challenges of Brexit into new opportunities, and not just because the devaluation of the pound sterling since last June’s referendum vote has made United Kingdom property and other assets cheaper in terms of Hong Kong dollars.

Once out of the European Union the UK will be able to sign trade agreements on its own and will not have to wait for the signatures of the 27 other EU members, as is now the case.

Sunday, 23 April 2017

How Hong Kong is now seeing the best of times, the worst of times

Paul Chan is playing it safe

This article by Ken Davies appeared in China Daily, Hong Kong Edition on 2 March 2017.

Only a few weeks into the job, and only months away from an impending change of Chief Executive, Financial Secretary Paul Chan's safest option was to continue his predecessor's 
economic strategy and refrain from any major initiatives. He did this well. 

President Trump and what he means for Hong Kong

This article by Ken Davies appeared in China Daily, Hong Kong edition on 16 November 2016.
Will President Trump be more realistic than Republican candidate TrumpWill he be calmermore rationalmore knowledgeableAnd what does this mean for the SAR
After the biblical three score and 10 years allotted to a manhis personality is pretty well fixedAnd you can't expect the sudden acquisition of wisdom and informationSo Donald JTrump willstill be Donald JTrumpa 70-year-old businessman who boasts of success despite four major bankruptcies and who promises to fix the worldor at least the United Stateswithout any whiff ofan actual policy
But Trump is now in a different situationHe can no longer rely on his showmanshipHe has to deliverAnd he will have helpers

How a Trump presidency could affect residents' lives in the SAR

This article by Ken Davies appeared in China Daily, Hong Kong Edition on 30 May 2016.

In my last article, I sketched a worrying scenario for Hong Kong resulting from Donald Trump becoming president of the United States and imposing harsh trade measures on China. Today turn to the other policies that would have a direct impact on people in Hong Kong: Bolstering 
the US military in the East and South China seas and curbing immigration. 
As in the previous pieceI focus not on the candidate's sometimes unprepared and erratic pronouncements in public meetings but on the more considered statements on Trump's own 
websiteI also venture to guess how much these policies may be moderated if Trump is 
actually elected in November.

What a Trump presidency would mean for the SAR's trade sector

This article by Ken Davies appeared in China Daily, Hong Kong Edition on 20 May 2016.

What will be the consequences for Hong Kong if Donald Trump is elected president of the 
United States?

At the moment it looks like Hillary Rodham Clinton will win the presidential electionThe odds at Ladbrokes - a gambling company in London that takes bets on world events - are currently 2/5 in her favorwith Trump second at 5/2. But Clinton voters may change their mindsor decide to stay homeand 
another terrorist attack in Europe could propel voters Trumpward

Because of the peculiar way in which Trump has appeared to make policy "on the hoofand then intensify extreme statements when the public reacts positivelywe need to distinguish between what he 
has said he will do and what he may be likely to do if he actually makes it to the WhiteHouse.

Hong Kong's vital role in Belt and Road

This article by Ken Davies appeared in China Daily, Hong Kong Edition on 17 May 2016.
Beijing's top official in charge of policy toward Hong KongZhang Dejiangis set to participate ina summit on the country's Belt and Road program in Wan Chai on WednesdayThis marks anopening for Hong Kong to take an increasing role in the country's developmentit will be up to Hong Kong's business sector to take up the challenge
Zhang is chair of the Standing Committee of the National People's Congress andmoreimportantlya member of the Politburo Standing Committee of the Communist Party of ChinaHeis exactly the right person to talk about Belt and Road in Hong Kong at this junctureas he has aunique combination of experience as a former governor of Guangdongpioneer of the Greater Pearl River Delta cross-province initiative (including Hong Kong), and troubleshooter

Hong Kong plans to rejuvenate industrial estates

This article by Deng Yanzi citing an article by Ken Davies appeared in China Daily, Hong Kong Edition on 22 September 2015.

Hong Kong plans to rejuvenate its flagship industrial estates to attract more modern and specialized types of manufacturingsaid Allen Ma Kam-singchief executive of Hong Kong Science and Technology Parks Corporation.
The first phase is likely to see the building of more multi-story factory buildings by 2020, hesaidahead of the 2015 International Association of Science Parks and Areas of Innovation World Conference to be held in Beijing from Tuesday to Friday.

Hong Kong's children need other meaningful education experiences

This article by Ken Davies appeared in China Daily, Hong Kong Edition on 22 May 2015.

Yet again, Hong Kong is up there with the world's best in math and science in its schools. When the World Education Forum opens on May 19 it will be presented with the latest results from the Organization for Economic Cooperation and Development (OECD)'s Programme for International Student Assessment (PISA), announced on May 13, that shows Hong Kong in second place globally. 
The rankings are based on math and science tests performed by 15-year-olds in 76 countries across the world. While the OECD claims that this is the most comprehensive international comparison it has yet performed, the countries surveyed do not this time cover the world's two most populous economies, the Chinese mainland and India.