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Developers thus recover their capital fast. So
long as confidence lasts this will be ploughed
back into further development.
If confidence fails
(ie because of (i) or (ii) above), a progressively
higher proportion of the cash flow will be diverted
out of Hong Kong with resultant effect on the value
of the Hong Kong dollar and business confidence
generally.
would rapidly gather momentum and be hard to stop.
If business confidence failed in Hong Kong, the
Government's revenue would drop and it would be
unable to maintain either the development of
infrastructure or the level of public services.
Once such a process has started it
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