challenges of hk electronic industry and its countermeasure samson tam chairman the hong kong industries association 17 3 2003 as a bridge financial system infrastructure free trade our neighbor countries korea singapore taiwan china value added chain smiling curve sales network marketing product development material & logistic research technology branding index manufacturing supply country mother orientation tactics where is wto causes global competition sme low economy scale lack r&d talent pe ratio in stock market competitive advantages well developed flexible agile chinese western culture experience what should we do integration with pearl river delta grasp opportunities leverage resources building 15 south guangdong ? ?