Page 51 - 20190415_LandAdvocacy_EN
P. 51

In contrast to other countries, “brownfield” sites in Hong Kong are not
                 idle or abandoned land. They are actually important economic ancillary
                 land  of  the  city  and  their  economic  importance  has  been  largely
                 overlooked  by  the  public.  In  reality,  these  lands  support  an  array  of
                 economic activities, among them many of the logistics operations in
                 the city.

               In fact, these “brownfield” sites are the backbone of our economy and our society,
               pivotal to the livelihood of many families.
               Although the logistics industry itself only contributes to 3.2% of Hong Kong’s GDP,
               it forms the backbone of the much larger trading industry. In fact, the trading and
               logistics industry combined is the largest of the four key industries in Hong Kong in
               terms of both contribution to GDP and total employment.
               In 2017, trading and logistics contributed to 21.5% of total GDP, or HK$549 billion in
               absolute terms, ahead of the 18.9% from financial services, 12.2% from professional
               and producer services and 4.5% from tourism.

               Likewise, in 2017, the trading and logistics industry employed almost one-fifth of the
               city’s total workforce, or 727,500 employees.
















                                                                                                                                       49
   46   47   48   49   50   51   52   53   54   55   56