Cushioning headwinds
China DailyEstablishing new links Among the bright spots to have emerged are the large economies in Southeast Asia and the Middle East. Apart from the Philippines, Indonesia's establishment of social enterprises is a major area where Hong Kong's strength in professional services could play an indispensable role, said Cahyo Muzhar, director-general of legal administrative affairs at the Indonesian Ministry of Law and Human Rights. Tengku Zafrul Aziz, Malaysia's minister of investment, trade, and industry, said his country and Hong Kong ought to explore the huge potential of the Islamic compliance market together, noting that an estimated 60 percent of the world's Muslims are in Asia. The Middle East's geostrategic location at the crossroads of Europe, Asia and Africa offers Hong Kong businesses access to a vast market base. Lawrence Li Lu-jen, chairman of Hong Kong's Financial Services Development Council, succinctly put it: "Everyone in the world is forming new partnerships.
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Cushioning headwinds
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