More than 2,000 Hong Kong-owned factories in the Pearl River Delta may close this year as export orders fall and wages rise, a business association said.
Stanley Lau, deputy chairman of the Federation of Hong Kong Industries, gave the estimate in a phone interview. The organization's members have garment, watch, toy and footwear factories in the export hub of Guangdong.
Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.