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Article: Hong Kong and China: riding the tiger into 1997. (turnover of Hong Kong to China) (Interview)
- Article from:
- San Diego Business Journal
- Article date:
- March 8, 1993
- Author:
CopyrightCOPYRIGHT 1993 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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International trade: Expert offers view of what lies ahead
On July 1, 1997, control over Hong Kong will revert from capitalist Britain to communist China, resulting in an economic anomaly: Muddled Marxism meets a free market.
Instead of fleeing the advent of a communist-controlled Hong Kong, international business is flocking to this financial and managerial center, creating an expanding core of capitalism in southern China, where the government allows private ownership.
Yet for all the investment frenzy of past months, Hong Kong remains a question mark. China's disdain for political reform -- highlighted by the crackdown on dissidents in Tiananmen ...