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The Forum > Article Comments > Hong Kong growth falters under 'one country, two systems' Chinese-style democracy > Comments

Hong Kong growth falters under 'one country, two systems' Chinese-style democracy : Comments

By Madeleine Byrne, published 1/4/2005

Madeleine Byrne argues China is keeping a tight control over Hong Kong

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You obviously have no idea of the rather obvious causes for Hong Kong's economic problems of late, which have little to do with the current political problems.

Hong Kong's economic problems were caused by a speculative bubble in housing, where far too much was invested in housing instead of more meaningful industries. House prices then collapsed by more than half, causing deflation and all the other problems that go with it. I believe that even the goverment admits this (rather unlike the situation in Australia, where some people even find it hard to admit there is a housing bubble)

If anything, the Central government has helped Hong Kong economically via a number of agreements which it has given such as a complete free trade agreement and various things to do with tourism.
Posted by conrad, Friday, 1 April 2005 5:59:00 PM
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Was Tung Chee-hwa Hong Kong's "first post-colonial appointee" or just the first after the transfer of colonial rule from London to Beijing?
Posted by Ian, Tuesday, 5 April 2005 9:05:16 AM
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