hong kong’s economy. hong kong hong kong’s economy will be researched and contrasted with...
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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”
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
Government Chief Executive: Tung Chee Hwa Executive Council Legislative
Council• Municipal
Council: Urban and Regional
Tax System
profits or income arising in or deriving from Hong Kong are subject to tax
Profits Tax Salaries Tax Property Tax
Exchange Markets and Trades Stock Exchange of Hong Kong Hong Kong Futures Exchange Trading Industries
Stock Exchange of Hong Kong
-unification of 4 exchanges from previous market
-market capitalization-October Crash in 1987-Hang Seng Index
Trading
Free enterprise Free trade Low taxation Transportation Workforce Telecommunications Banking and financial facilities
Manufacturing
TOP 20 CANADIAN EXPORTS TO HONG
KONG
Industries Electronics Textiles Watches and clocks Clothing Tourism
The Society and Its Role
Working Life Population Density Income Distribution Education Living Standard Employment
Working Life Motivations Work Force Rural or Urban Communities Competitive
Population Density Housing Immigration Population Statistics
Population Statistics in Hong Kong
3.2
3.25
3.3
3.35
3.4
3.45
3.5
Male Female
199719982000
Education 9 years of free and compulsory
education Fees: Textbooks, uniforms Universities
Living StandardConsumer Price Indices
111
112
113
114
115
116
117
Product A
199719981999
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.
Statistics on Labour Force
3.05
3.1
3.15
3.2
3.25
3.3
3.35
3.4
3.45
3.5
Labour Force
199719981999
Discussion Questions
1. Is it valid to set a law that Hong Kong people need to pay high taxes, same as in Canada?
Discussion Questions
2. Should the Hong Kong government restrict the law for opening any external company in Hong Kong?
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?
THE END
BY: Maggie, Ariel, Leo