Feenstra, Robert C.; Hanson, Gordon H. - In: Journal of Economics & Management Strategy 13 (2004) 1, pp. 3-35
In this paper, we examine Hong Kong's role in intermediating trade between China and the rest of the world. Hong Kong traders distribute a large fraction of China's exports. Net of customs, insurance, and freight charges, re-exports of Chinese goods are much more expensive when they leave Hong...