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SMEs (small and medium-sized enterprises) tend to seek short-term survival strategies in an economic downturn. However, such strategies are not good enough to support a business in the long term.
Hong Kong people are more likely to work overtime without complaint than people in Shanghai and Taipei, but they derive less sense of pride from their work, a recent CityU survey showed. The researchers warn that the lack of appreciation Hong Kong people receive for their work might impair their competitiveness in the long term, though they a enjoy competitive edge in the short term, thanks to their willingness to work long hours.