Hong Kong Watch Industry: Moving Upmarket?

Hong Kong's vast watch and clock industry is at a crossroads, just like the territory itself. While it continues to hum as a business mecca, Hong Kong's official transfer from Great Britain to China in mid-1997 raises questions about what lies ahead. But its watch and clock industry, the largest exporter of watch units to the world, is confident it can retain its standing by creating added value. Through a variety of local and global initiatives, the industry has set ambitious goals to become more than the production center for lower- to medium-priced quartz watches. Projects are underway to create laboratory-documented quality, greater control of component parts, a trained labor force, more use of technology and, in the years ahead, genuine Hong Kong-based brand names. Many of Hong Kong's watch and clock industry officials discussed these efforts during the 14th Hong Kong Watch &
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