The China National Tourism Administration has stopped tourists under package tours from visiting HK. The results have been the shortcomings in the economy as 30 percent of Chinese visitors travel via package tours. However, the stoppage of package tours is a temporary measure and does not point to the long-term structural change in China. It does not also mean that the Chinese government would cut the Individual Visitors Scheme as it is one of the China’s bigger plans for integration with Hong Kong. Therefore, the movement has no long-term impacts on the economy. However, its long-term political and social effects can lead to long-term economic results.Nonetheless, protests that have become more frequent are likely to erode the appeal of Hong Kong to global firms. Hang Seng index, the local stock market benchmark, has tumbled over 9% since hitting a peak in six months in September. The Hong Kong Monetary Authority revealed that banks have closed down 44 branches because of the protests. The situation of the city can thus push away investors as most sectors, as the financial markets are not operating normally. Most people who could be working are in the streets, protesting. According to the Citigroup economist, investors and businesses are in an environment; that is increasingly creating higher operational risks. The movement seems disorderly to most foreigners and has thus created a negative perception of Hong Kong and mainland China.Despite the results of the protests, Chinese government has shown no sign of relenting.
Cite this document
(“Political Economic Situation of HK Research Paper”, n.d.)
Retrieved from https://studentshare.net/social-science/727062-political-economic-situation-of-hk
(Political Economic Situation of HK Research Paper)
“Political Economic Situation of HK Research Paper”, n.d. https://studentshare.net/social-science/727062-political-economic-situation-of-hk.
Cited: 0 times
In the paper “Political Economic Situation of HK” the author analyzes tension between Hong Kongers and the government in Beijing. The tension has been on democratic situation of the city. On September 22, the existing pressure turned into a protest after the Hong Kong Federation of Students…
Current Company Situation X 3.1 Past Performance Analysis X 4. External Analysis X 4.1 General Environment X 4.1.1 Political X 4.1.2 Economical X 4.1.3 Social X 4.1.4 Technological X 4.2 Industry Analysis X 4.2.1 New Entrants X 4.2.2 Substitute Products X 4.2.3 Bargaining Power of Suppliers X 4.2.4 Bargaining Power of Customers X 4.2.5 Competition X 5.
This has occurred through the role of Japan in war, their contact with Western countries, the growth of their economy, the people of Japan and their culture. This discussion examines each of these elements in detail, and argues that Japan is now one of the most competitive and developed country within Asia.
The fruits of their efforts in the political, economic and social sectors is living proof of their innumerable contribution As the custodians of the most basic social, political and economic unit, the family, the responsibility they hold and challenges they face cannot go unnoticed.
The country is a leading technological and political power in Europe. The country founded the European Union, and it has a membership in the U.N, G8, G20, N.A.T.O and O.E.C.D. The country has the world’s 4th largest economy by Gross Domestic Products, and the 5th largest by purchasing power equivalence.
Despite having the largest economy, the economy was hugely affected five years ago following the economic recession that occurred due to the financial crisis of 2007 and 2008. The crisis saw the economy of the U.S. decline to all time low ever witnessed for more than a century (Bureau of Economic Analysis, 2013).
Hong Kong enjoys a unique status as a Special Administrative Region because it retains for the next fifty years (until 2047) what is acknowledged as the world's most liberal capitalist economy while being a part of the largest and most progressive Communist (although with a socialist economic system) nation on earth.
An established democracy and at the helm of one of the world’s strongest economies, Canada neighbors the United States to the North and remains one of the most important countries in the Western Hemisphere.
This essay explores the country’s foreign trade and GDP, monetary system, exchange rate policy, foreign policy and the reform process that began two decades ago put the country into a fast pace of economic growth. These macroeconomic measures helped to become one of the leading economies of the world in a decade or so.
Straits of Johor create a boundary to the north from the Peninsular Malaysia, and from Indonesia’s Riau Islands by Singapore Strait to the South (Teo, Peggy, Chang & Ho 56). Singapore is ranked highly in terms
In 2013, Hong Kong recorded an economy growth of 2.9 percent. The economic growth was 2.2 percent as compared with the same period in 2013. Private consumption spending dropped to 1.4 percent year-on-year. Investment expenditure, which include
18 pages (4500 words)Research Paper
Got a tricky question? Receive an answer from students like you!Try us!
Let us find you another Research Paper on topic Political Economic Situation of HK for FREE!