News / Cathay Cargo aims for flexibility in bullish Hong Kong airfreight market

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Cathay Cargo is committed to being “flexible” this year, in the face of global uncertainty – but manufacturers in Hong Kong seem relatively confident of a good year. 

Although the PMI for Hong Kong has slipped one point since October, it remains above 50, at 51.1. Only Taiwan, Philippines and India are noticeably higher in Asia; Vietnam, much touted as this year’s next big export destination, has slipped to below 50. 

Cathay Cargo director Tom Owen noted in a customer newsletter that: ...