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In his 2001 Policy Address, Hong Kong's Chief Executive, Mr Tung Chee-hwa, announced the Logistics Hong Kong initiative, which aims to strengthen Hong Kong's status as the preferred regional and international logistics hub, linking the China's mainland with the rest of the world.
It is a common misrepresentation that globalization means international markets will converge to form common paradigms and practices, said Professor Anthony Cheung of City University's Department of Public and Social Administration. Countries are more likely to re-interpret global models of economics to reflect trends and beliefs embedded within an individual society, he believes.

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