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