Greater China: the next economic superpower?

Article Abstract:

The integration of China's diverse market economies in Asia into a single Greater China is predicted to signal the emergence of the next major economicsuperpower. Center for the Study of American Business Director Murray Weidenbaum discusses the circumstances that may contribute significantly to China's surpassing of Japan's economic success. Leading in economic growth, industrial expansion and export development, China has the potential to single-handedly lead the world into the 21st century. However, a closer examination reveals several uncertainties such as the unstable political relationships with existing territories and the lack of direction toward political integration. China's establishment of stable relationships with neighboring economies may result in the creation of a Chinese Common Market regulated by agreements similar to the North American Free Trade Agreement and the possible development of an organization equivalent to NATO.

Economic forecasting

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Hong Kong's laughing?

Article Abstract:

The Hong Kong branch of CPA Australia conducted a 2001 survey concerning the opinions of Hong Kong business professionals regarding the positive and negative issues that will concern business in their region over the next five years. Although the majority of respondents agreed that the area will enjoy future growth in business, they are concerned about increased competition from the mainland.

Competition (Economics), Corporate growth

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Hong Kong holds on

Article Abstract:

Because of its strong financial links with China, Hong Kong's economy will be somewhat protected from the slowdown of the US economy. Despite this, the direction in which the country's Hang Seng Index is heading is still uncertain.

Financial markets, Hang Seng Index

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