APRIL 2006, NUMBER TWO
By Zhenmin Wang
Ever since the People’s Republic of China was established in 1949, Hong Kong with its unique status has played an important role in the economic and social development of China, especially as a channel for China’s communications with the Western world. For years, Western countries imposed a blockade on new China.
By Francis T. Lui
From 1997 till now, the Hong Kong economy has gone through a period of unprecedented volatility—something certainly not expected by its government. After the first attack on the Hong Kong dollar during the Asian financial crisis, the official forecast of real GDP growth rate for 1998 was still as high as 4%. The actual figure turned out to be a negative 5.5%!
By Anna Wu
Hong Kong is a success story in its fight against corruption. It now has a credible and effective Independent Commission Against Corruption, a clean and transparent administration and an efficient and competitive business environment.
By Rao Geping
When considering Hong Kong in relation to international law and Chinese domestic law, the following must be remembered: Hong Kong is no longer a British colony, nor is it an orphaned and self-ruled international metropolis, nor is it an independent administrative and economic entity slowly drifting away from Chinese sovereignty.
By Fu Hualing and Richard Cullen
During the nearly nine years since Hong Kong became the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China, one curious aspect of the relationship is more clear than ever: Hong Kong’s primary political and legal difficulties in maintaining as much autonomy as possible stem, most of all, from an “insufficiency of One Country.”