Hit by tightened credit channels and administrative curbs on home purchases, growth in property construction starts, investment and sales in China slowed in 2011.

WSJ: China Sees Drop in Property Prices

The Kwoks own more than half of the company, which has gained a reputation for quality construction and has built Hong Kong landmarks like Central Plaza, the Special Administrative Region's tallest building.

CNN: Change Is in the Air

The Special Administrative Region government hopes that the project, expected to be completed in 2005, will boost construction, tourism, retailing and property -- sectors crucial to revving up the SAR's sluggish economy.

CNN: Is Hong Kong Open Only for Business?

Going back to the construction example, while you may not want to sacrifice skilled labor, you might want to slim the administrative ranks whose work can more easily be outsourced.

FORBES: How To Slim The Ranks