Spring is in the air.--commentTheHong Kong re-export tradeThe

When we look across the mountains, we see the peaks, and the heights vary from near to far. Hong Kong is like an ink painting, which needs generations of people to add color and ink to it in order to achieve perfection. The key to sketching in a Chinese painting lies in the few strokes of the brush, and the blueprint for Hong Kong's economic development is no different. Hong Kong has countless reputation: the Pearl of the Orient, the Four Little Dragons of Asia ...... Today, Hong Kong's economic growth is in the doldrums, the direction of the transformation is not clear, the Hong Kong economy at this critical crossroads at the present time, calling for reflection, calling for rationality, and calling for the Think Tank.

The book "Hong Kong Re-export Trade" written by Mingming Lai, PhD in Economics, Associate Professor of Cheung Kong School of Journalism and Communication, Shantou University, and Guest Researcher of the Center for the Study of the World Economy, Renmin University of China, has been published in such a contemporary background. This is a masterpiece of the contemporary economists who have scrutinized and pondered on Hong Kong Re-export Trade and Hong Kong's economy, with pertinent suggestions that are of great help to Hong Kong's economy in transition. The book is listed in the May 2016 New Books List of Beijing Economic Daily Press.

From the perspective of the book, Hong Kong's Re-export Trade is a monograph on the theme of Hong Kong's re-export trade and a study of Hong Kong's economic restructuring and future development. The book analyzes Hong Kong's economic development in the context of China's and the world's economy, and reviews and analyzes the development of Hong Kong's re-export trade by applying the theory of comparative interests in international trade. The academic innovation of this book is to analyze the development of Hong Kong's re-export trade according to the principle of "Re-export trade benefits = value of re-exported goods" and "Comparative benefits of re-exported goods".The logical relationship of "Price Increase of Re-export Trade Goods = Free On Board (FOB) Price of Re-export Trade Goods - CIF Price of Re-export Trade Goods", through the construction of a set of formulas, has for the first time resolved the interests of Hong Kong in the re-export trade with the Mainland to a single-digit level. In addition, the book's recommendations on Hong Kong's development are noteworthy. It suggests that Hong Kong should build a "special zone" for the manufacturing industry, develop the high-end manufacturing industry, adopt a two-round development strategy for finance and trade and logistics, capitalize on the opportunities arising from China's "Belt and Road", and join hands with Shenzhen to build a global city.

Turning the pages of Hong Kong's Re-export Trade, a three-dimensional picture of Hong Kong's economic and trade development since the Opium War comes to your eyes. Although the proportion of Hong Kong's economy in the national economy is declining nowadays, Hong Kong will always be one of the most important historical symbols in China's modern history. The book begins with the lyrics of the song "Pearl of the Orient" and ends with the lyrics of the song "Under the Lion Rock", which is well-structured and has a deep meaning.

A thousand sails have sailed past a sinking boat, while ten thousand trees have sprung up in front of a sick tree. Let us join hands to seize the opportunities and paint a beautiful picture of Hong Kong's economic development. Reading about Hong Kong is a mixture of sadness, joy and tenderness. Hong Kong, go for it!

Written by Yuen Wing Lun