Finding a provider of worldwide parcel delivery services who can handle every type and size of package is easy by going online. Spectacular and awe-inspiring, Hong Kong held a long-standing appeal for many people of British ancestry for more than 150 years while it was a British colony.
Since becoming a special administrative region of the People’s Republic of China in 1997, however, its population has been swollen by an influx of native Chinese people. Today, with more than seven million people living on the island, which measures just over 425 square miles, it is the fourth most densely populated country on Earth, behind only Macau, Monaco and Singapore.
In stark contrast to its Chinese neighbour, Hong Kong boasts one of the freest economies in the world. It was one of the so-called ‘Asian tigers’ of the late 20th century, and towards the end of its period under the UK’s auspices, it became a prominent world financial centre. Controls introduced since the island was ceded to China have included a new minimum wage, compulsory pension scheme, and guarantees for export credit facilities.
Notwithstanding these new limitations, Hong Kong is the 11th largest trading nation in the world, with most of this volume being in the form of goods made in China which are re-exported around the globe. With no appreciable natural resources of its own, Hong Kong is dependent on imports for nearly all of its food and raw materials, and the service sector comprises more than 90 per cent of the total economy.
The island has the highest percentage of people who use public transport daily in the world, at over 90 per cent. A major reason for this is that the steep, hilly terrain mitigates against the use of private cars. Hong Kong International Airport, on the island of Chek Lap Kok, was opened in 1998, and as well as direct imports, handles large volumes of cargo being trans-shipped between eastern Asia and other parts of the world. Indeed, it is one of the busiest cargo airports in the world, and in 2009 it handled more than 3.4million tons of air freight. Sea freight is no less important, with Victoria Harbour being visited by an average of 220,000 ships annually.
When the services offered to a destination are this intensive, it follows that there is strong competition among international parcel delivery companies over business to Hong Kong. This, combined with the territory’s largely regulation-free regime, means the opportunities for businesses to link up with a world courier to expand their trade are extensive.
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