Understanding China, One Blog at a Time

An American in China

Messing Up a Good Thing, China Pones Hong Kong

Posted by w_thames_the_d on July 3, 2012

China is good at copying things, shitting in public, acting foolsih and screaming into phones. They are also good at fking up a good thing.
Excerpt from want chinatimes.com

Hong Kong’s economy has developed at a slow pace in the 15 years since it was returned to China in 1997,….

When the UK handed back Hong Kong, the city had the eighth-largest economy in the world, with the world’s eighth-largest stock market, the seventh-largest foreign reserves, and the fifth-largest foreign exchange market, also boasting the world’s third-busiest airport and the busiest port.

By the end of 2009, Hong Kong’s GDP per capita stood at HK$233,060 (US$30,038), representing a tiny growth of 1.12% from HK$210,350 (US$27,111) in 1997, despite a 3.1% fall in the consumer price index during this same period.

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