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Economics

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Hong Kong Fears a Sellout

Article Abstract:

The government of China appears committed to regaining sovereignty over Hong Kong when the British relinquish their administrative role in 1997. The Chinese have stated that Hong Kong will remain a capitalist province for at least fifty years after 1997. The British decision to make the Chinese government determine its Hong Kong policy so far in advance may have proven unwise. The people of Hong Kong are depending on the support of the British Parliament. The Chinese probably would not favor the return of Hong Kong before 1997. The economic situation in Hong Kong is being influenced by its uncertain future. The British should allow the formation of a local democracy in Hong Kong, which would prepare it for self-rule.

Hong Kong, Industrial policy

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Letting Hong Kong Off the Hook

Article Abstract:

The goal of its government to transform Singapore into an international financial center has met with some success. However, it is experiencing problems in finding the balance between encouraging investment and administering foreign financiers. The competition between Hong Kong and Singapore is growing. The Monetary Authority of Singapore (MAS) has been inconsistent in its rulings. The Singapore stock exchange is limited. New efforts are being initiated to attract foreign investors.

Singapore, Money market, Money markets

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American Needles Hong Kong

Article Abstract:

The United States textile industry is concerned that communist China is subsidizing textile exports to the United States. Applying penalties to stop unfair competition to a centrally planned economy is a difficult problem. Other political considerations may influence the United States Commerce Department decision. China is gaining an increasing share of the world textile market. Hong Kong is concerned about the situation.

United States, Textile industry

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