Economy
Cheung Sha Wan was a manufacturing centre after the war, with a number of light industries, especially textile and clothing. After the PRC implemented its open door policy in the 1980s, many factories relocated to the mainland, vacating the area's industrial buildings (some of which have since been converted into offices and warehouses). There are also many wholesale clothes markets in the area.
Read more about this topic: Cheung Sha Wan
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)