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Article: Hong Kong accolades abound.
- Article from:
- Market Asia Pacific
- Article date:
- August 1, 2007
CopyrightCOPYRIGHT 2007 Media Contact Resources, Inc. 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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The tenth anniversary of the return by Britain of Hong Kong to Chinese rule spurred a flurry of evaluations of the place of Hong Kong not only in the world economy but as a consumer market as well. Clearly, Hong Kong is doing well.
But the more important question is, `Why is Hong Kong doing so well?'
From one prospective, Hong Kong appears to be a "capitalist" entity operating within a "communist" environment. Indeed, a June 21, 2007 review by the International Herald Tribune (Neuilly), noting Hong Kong's prosperity, said the Special Administrative Region (SAR) was "capitalism in Communist embrace."
From another prospective, Hong Kong looks ...