Invictus Posted April 6, 2004 Report Share Posted April 6, 2004 Those wanting to find how their country fairs in terms of economic freedom may do so at Free the World. It is a branch of the Fraser institute dedicated specifically to measuring and promoting economic freedom. Their latest report put Honk Kong (still rated as a country) at number one, followed by Singapore and the United States. The bottom five nations are Guinea-Bissau, Algeria, Zimbabwe, the Democratic Republic of the Congo, and Myanmar. Quote Link to comment Share on other sites More sharing options...
AutoJC Posted April 6, 2004 Report Share Posted April 6, 2004 I thought Hong Kong belonged to China? Quote Link to comment Share on other sites More sharing options...
DavidV Posted April 6, 2004 Report Share Posted April 6, 2004 I thought Hong Kong belonged to China? Hong Kong is a "Special Administrative Region" supposedly economically independent from China under the “one country, two systems" formula for the next 50 years. Officially… Quote Link to comment Share on other sites More sharing options...
Zirjin Posted April 7, 2004 Report Share Posted April 7, 2004 Yeah, you are right there Greedy Capitalist. I had a few friends in HK and heard about how it works and Hong Kong already is screwed up. Offiecally, things appear the same. But unoffiecally, China waits til a business starts to run out of money for whatever reason, and gives them a giant loan from the Bank of China. From that point on, the business owes China a favour so they take their orders from Beijing. So you can go there, you can do whatever you want, but you will be competing against businesses that take orders from Beijing and also have unlimited supplies of money. Even the academic establishment there has already been hijacked too by Red China. You get into the universities based on who you know and not based on your merits. It has really shocked some of the locals but their nation is in the dragons den now so to speak so not much can be done. Quote Link to comment Share on other sites More sharing options...
Invictus Posted April 7, 2004 Author Report Share Posted April 7, 2004 Despite all the doubt associated with its return to China, Hong Kong continues to thrive economically, attracting a vast number of migrants and challenging Singapore as the world's largest container port. China has a vested interest in ensuring stability in Honk Kong as it uses it as a major port of entry and a link to the global economy. Quote Link to comment Share on other sites More sharing options...
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