http://www.economist.com/blogs/economist-explains/2014/09/economist-explains-22

Discussion in 'Asia' started by dreamin'gal, May 13, 2015.

  1. dreamin'gal

    dreamin'gal New Member

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    http://www.economist.com/blogs/economist-explains/2014/09/economist-explains-22

    In short, China has benefited greatly from Hong Kong’s unique status.
    It is a city that is sealed off from the mainland but closely connected to it;
    a territory that is fully integrated into the global economy but ultimately controlled by the Communist Party in Beijing.

    Even with its unique status,
    however, there is no question where the balance of power lies in Hong Kong’s relationship with China:
    about half of Hong Kong’s exports end up in China; one-fifth of its bank assets are loans to Chinese customers;
    and tourism and retail spending, mostly from China, account for 10% of Hong Kong's GDP.
    In the opposite direction, the Chinese economy’s direct exposure to Hong Kong is vanishingly small.

    But it would be a grave mistake to conclude that Hong Kong therefore does not matter to China.
    If China were to do anything that jeopardised their special relationship,
    Hong Kong would suffer most; but China would also pay a heavy price.


    China can't destroy HK, it can use its lackey Hong Kong government and politicians to do the job,
    to fool Hong Kong people, and to exploit all HK social strengthen to the end....
    people's living become more and more miserable, in order to support an insane property and stock market,
    let the upper class and CCP gain all the capital...
     

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