ECN 802 Lecture Notes - Donald Tsang, Hu Jintao, Hong Kong
17 Jul 2014
School
Department
Course
Professor
Document Summary
Special administrative region of china on july 01, 1997. High degree of autonomy for the next 50 years. Defense and foreign affairs controlled by bejing for the next 50 years. Ethnic groups (chinese origin 95%, others 5%. Cantonese and english both are official languages. Basic law approved by chinas national peoples congress in 1990. Legal system is based on english common law. 800 member election committee, dominated by pro- bejing forces. Political parties,/political pressure groups- pro democracy party, pro bejing party. China leased it to britain for 99 years. Trade with china stopped during the korean war. Gross imports and exports each exceeded gdp in dollar terms. Economy has become increasingly linked with china since 1997. Gdp grew at 5% pa from 1989 to 1997. Average growth rate of 5% per year from 1989 to 2007. Gdp under official exchange rate billion. Share of re-exports is 404% of gdp (goods are imported to hong kong and then re exported)
