The Future of Hong Kong's Economy
Date Submitted: 11/20/2003 09:04:42
Category: / Law & Government / Government & Politics
Length: 9 pages (2516 words)
Category: / Law & Government / Government & Politics
Length: 9 pages (2516 words)
The Future of Hong Kong's Economy
According to the May 5 edition of the Hong Kong Standard, the future Chief Executive of Hong Kong may be committed to the development of Hong Kong as a high-technology manufacturing center, the Special Administrative Region (SAR) government will provide the funding for hi-tech ventures, and even the Chinese government is designating Hong Kong and Shenzhen as the next Silicon Valley ( " The Future of Hong Kong's Economy"). These aspirations offer …
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…that venture capitalists who wanted to take a big risk with their shareholders' money could sink it into fledging hi-tech firms. I don't think there would be many takers, but I might be wrong, and it wouldn't do any harm.
What would be seriously damaging to Hong Kong's economic health would be an attempt by government to force hi-tech manufacturing on the city through heavy public spending, which would have to be financed from taxation.
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