The PRD mega companies like Foxconn have moved out to Chongqing and Hubei. PRD workers from Jan 1st will have a pay increase mandated again. The aircargo that used to come from PRD to world airports via HKG is now far reduced. The aircargo in 2011 was down 18+% on the previous year.They intend to build a fast rail tunnel between HK airport and Shenzhen airport. This is a good idea since Shenzhen has more domestic flights than HK to China airports. Meanwhile UPS has based its asian hub at Shenzhen airport 50 kms from HK. Shenzhen's second runway is in operation and they are building a third. Federal Express asian hub is in Guangzhou which intends to have 5 runways. In order to fuel the HK airport with cargo the HK Govt decided on another white elephant (beyond the white elephant fast rail to nowhere 30kms east of Guangzhou) - that is the HK Zhuhai Macau road traffic only bridge. This is to connect the HK Government's (through its full owned subsidiary Airport Authority of Hong Kong) 55% joint venture stake in Zhuhai airport which has no international flights. Meanwhile all the landing slots in the PRD are controlled by China's military and HKG has failed so far to get any approval of additional landing slots from them.
For the first time in years (because the HK Civil Aviation Authority refuses to hire skilled competent air traffic controllers from overseas) there were three near misses on Chep Lap Kok approaches in 2011. Meanwhile HK has the eighth worst PM2.5 particulate matter suspended in air, in the world already and Tsang has done next to zero to rid Hong Kong of its pathetic air quality other than to further pander to the construction tycoons.