Published by:
Harvard Business Publishing
Length: 8 pages
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Abstract
Hong Kong and China have become economic Siamese twins. Hong Kong capitalists have contributed about two-thirds of the new investment in China during the past decade. Now Hong Kong feels like the goose who will be throttled for laying golden eggs. The colony will be handed back to China in 1997. Chinese officials are already moving in, pressing their connections to the regime in Beijing to gain advantages for Chinese enterprises. The result has been an enormous exodus from the colony.
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Abstract
Hong Kong and China have become economic Siamese twins. Hong Kong capitalists have contributed about two-thirds of the new investment in China during the past decade. Now Hong Kong feels like the goose who will be throttled for laying golden eggs. The colony will be handed back to China in 1997. Chinese officials are already moving in, pressing their connections to the regime in Beijing to gain advantages for Chinese enterprises. The result has been an enormous exodus from the colony.