Saturday, 30 May 2020

China’s Golden goose– How Hong Kong Bankrolls the Mainland

A U.S. choice that Hong Kong’s autonomy has been reduced raises questions about how Washington will deal with the city in the future, and about its standing as a worldwide financial center. Here’s what’s at stake for China.

When Hong Kong was transferred to Chinese control in 1997, its economy was more than one-seventh the size of the mainland’s. But fast development on the mainland ever since has actually diminished Hong Kong’s relative financial value.

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source https://jobsearchtips.net/chinas-golden-goose-how-hong-kong-bankrolls-the-mainland/

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