While all industry sectors have felt the effects of the downturn, employment in the technology, financial services, real estate, and retail sectors have been hardest hit and are expected to take the longest to recover. Trade within the Asia Pacific region, tourism, and the healthcare, pharmaceuticals, and logistics sectors are expected to recover more quickly.

Hong Kong's downturn has been reflected most dramatically in the waves of employment downsizings conducted by MNCs (multinationals) and local firms. The city's continued movement toward a predominantly service-based, as opposed to manufacturing-based, economy has also played a role in these reductions, as has merger and acquisition activity.

This is just a sample of what you'll find in the complete Hong Kong guide.