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Hong Kong’s Economy

Hong Kong’s Economy. Hong Kong. Hong Kong’s economy will be researched and contrasted with Canada’s economy. The aspects that will be focused on include the government and its intervention; the exchange markets and trading; the society and its role. “One Country, Two Systems”.

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Hong Kong’s Economy

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  1. Hong Kong’s Economy

  2. Hong Kong Hong Kong’s economy will be researched and contrasted with Canada’s economy. The aspects that will be focused on include the government and its intervention; the exchange markets and trading; the society and its role.

  3. “One Country, Two Systems” • The existing economic and social systems will continue • Free movement of goods and capital • It still determines its own monetary and financial policies • No taxes will be paid to China • Property rights and foreign investment will be protected • British common law system will be retained

  4. Government • Chief Executive: • Tung Chee Hwa • Executive Council • Legislative Council • Municipal Council: • Urban and Regional

  5. Tax System • profits or income arising in or deriving from Hong Kong are subject to tax • Profits Tax • Salaries Tax • Property Tax

  6. Exchange Markets and Trades • Stock Exchange of Hong Kong • Hong Kong Futures Exchange • Trading • Industries

  7. Stock Exchange of Hong Kong -unification of 4 exchanges from previous market -market capitalization -October Crash in 1987 -Hang Seng Index

  8. Trading • Free enterprise • Free trade • Low taxation • Transportation • Workforce • Telecommunications • Banking andfinancial facilities

  9. Manufacturing TOP 20 CANADIAN EXPORTS TO HONG KONG

  10. Industries • Electronics • Textiles • Watches and clocks • Clothing • Tourism

  11. The Society and Its Role • Working Life • Population Density • Income Distribution • Education • Living Standard • Employment

  12. Working Life • Motivations • Work Force • Rural or Urban Communities • Competitive

  13. Population Density • Housing • Immigration • Population Statistics

  14. Population Statistics in Hong Kong Millions

  15. Education • 9 years of free and compulsory education • Fees: Textbooks, uniforms • Universities

  16. Living Standard Consumer Price Indices

  17. Employment • Unemployment Rate • Employment Opportunity • Underemployment • The problem of workers being under utilized, either as part-time workers or by working a job not approprate to their skills, or education.

  18. Statistics on Labour Force Millions

  19. Discussion Questions 1. Is it valid to set a law that Hong Kong people need to pay high taxes, same as in Canada?

  20. Discussion Questions 2. Should the Hong Kong government restrict the law for opening any external company in Hong Kong?

  21. Discussion Questions 3. Is it necessary that Hong Kong government restrict the black market labour force and set minimum wage either for part-time or full-time workers?

  22. THE END BY: Maggie, Ariel, Leo

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