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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.
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