sector in
in Hong Kong itself.
At the came time, there has
between Hong Kong and the
employed in tne manufacturing
Come outimates are far higher.
been a huge growth in travel
mainland. Each year Hong Kong people now make more than 12
million visits to China and some 750,000 overseas visitors
travel to China through Hong Kong. This large and growing
volume of trade, manufacturing, investment and tourism
creating strong links between the Hong Kong economy and
that of southern China, for which Hong Kong is now acting
as an economic and financial link with the rest of the
world.
is
The Determinants of Economic Growth
17.
The extraordinary growth of the Hong Kong economy
did not happen by chance. Certainly there were important
factors in Hong Kong's favour. Considerable commercial,
trading and financial experience had accumulated in the
territory Over more than a hundred years. There was also
Hong Kong's favourable geographical location on the edge of
China and the Pacific Basin, which has provided it with
efficient connections to all the major world markets.
crucial importance, however, has been the maintenance
of
of
consistent economic and financial policies within
framework of a stable governmental and legal system.
the
No comments yet.
Private notes are available after approval.