Question
Can I please get help with this question and reply? Anyone who has been to Hong Kong typically says it is different from mainland China,
Can I please get help with this question and reply?
Anyone who has been to Hong Kong typically says it is different from mainland China, more like Singapore, albeit with a solid connection to China. Do you think Hong Kong will become more like China in the next few years, or will China leverage Hong Kong as an asset to engage more capitalistically in the international marketplace instead?
Hong Kong will become more like China in the next few years because its highly developed free-market economy is characterized by its low taxation, structured international financial market, and lenient port trade. Because of the "one country, two systems" approach, Hong Kong is guaranteed liberties that are inaccessible on the mainland (freedom of expression and an independent judiciary). Foreign investors see Hong Kong as a jackpot because it is a perfect place to start/ grow a company since they have an open economy governed under favorable non-interventionist policies. The country also has the freedom to negotiate trade/ investment agreements and portray a more practical legal/ governance system.
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