Hong Kong's economy

Since the 70s, the Hong Kong economy has been with the economic policy, the United Kingdom and China, but the so-called positive, but also in non-intervention policy, the country's Financial Secretary, before the cheering.

Long, often as a laissez-faire economic and social benefits, such as a laissez-faire capitalism, such a policy was finally named the world's freest economy, no more and no less than 14 consecutive years. This is also the report of economic freedom in the world for the first time, but some think that this is the parent company's strategy has been through long-term lassez laissez-faire.

First, the Government owns all land in Hong Kong, and leased to private users are restrictions on the sale. Therefore, land prices remain unchanged, some people would say that prices were inflated, so that the Government means to support a low tax rate in public expenditure. In addition, free legal and political environment has been more stable than most other countries.

According to rankings, income economies, Hong Kong's economy is in a high-income countries group, and follow the free market economy, relying on international trade and commerce seriously. Gross domestic product of Hong Kong's economy on the basis of the data is estimated at 254 U.S. dollars. 2 billion of 7% growth rate. For every $ 36,800 per capita gross domestic product in 2005.

These figures are four big economies of Western Europe. The average annual GDP growth of 5% from 1989 to 2005, although the state has passed in the two-year period 2001-2002, since the 1997-1998 Asian financial crisis and economic recession of the global economic recession has.

Hong Kong has a unique geographical location and the various business assets, has given rise to both opportunities for wealth creation. Hong Kong is also the best natural harbor has been protected for centuries ago by pirates in a prosperous international port of the United Kingdom in 1841, the small developing large colonial paradise.

Its geographical location and rich human resources are a natural large-scale industry in Hong Kong's business assets. With well-trained troops, adaptability and hard work of the work, in line with the UK business and technology, foreign trade, investment and employment opportunities, only to greater adoption of modern methods.

Tags: China, Economy, global economic recession, Hong, Hong Kong, hong kong economy, Kong, policy, U.S., UK, United Kingdom, Western Europe