Points:
Hong Kong is the preferred logistics hub in Asia - but: Federal Express and UPS have declared they are seeking alternative hubs to Hong Kong (www.tdctrade.com)
 - because: Hong Kong serves as a major gateway to the Mainland (Wikipedia contributors (2007) )
 - because: Hong Kong features a world-class infrastructure with integrated services expertise as well as a mature legal system
 - but: Singapore is the preferred logistics hub in Asia (Wikipedia (2019))
 - because: Singapore is planning a fourth airport termnal, but HK has only 2 (Wikipedia (2019))
 - because: Singapore has a busier port than Hong Kong (Wikipedia (2019))
 - because: Singapore lies on the midpoints of major sea and air trade routes (Wikipedia (2019))
 - because: Singapore on routes between countries with one-third of the world's population: China, India and Indonesia (Wikipedia (2019))

- because: Hong Kong is situated at the heart of Asia
 - but: Hong Kong port is facing increase challenges from ports within Pearl River Delta and the Mainland with China's accession to the WTO
 - but: it is obvious that the liberalization of market that goes hand in hand with China's WTO entry will bring positive economic impacts to Hong Kong port

- but: HK's world's busiest container port title has been overtaken by the Port of Singapore from 2005 onwards, and was first overtake by the Port of Shanghai in 2007 (www.channelnewsasia.com)
 - but: Hong Kong International Airport has been ranked Asia's busiest airport by cargo traffic (world's second) since 2000 (www.aci.aero)

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