Until c. 1985, the PRD had been mainly dominated by farms and small rural villages, but after the economy was reformed and opened, a flood of investment turned it into the land's economic powerhouse. The PRD's startling growth was fueled by foreign investment coming largely from Hong Kong manufacturers that moved their operations into the PRD. In 2003, Hong Kong companies employed 11 million workers in their PRD operations. Lately there have been extreme labour shortages in the region due to runaway economic growth which caused wages to rise by about 20 to 30 percent in the past two years.