Something wrong with this story:
Note the fellow who wants freedom waving the British flag... these kids are covering their faces (they don't all have colds... and kids. Their victims all look rather defenseless.
And then this...
This story does not make much sense... more going on here than is reported.
Feel free to forward this by email to three of your friends.
Hong Kong residents have long complained about mainlanders buying up goods at lower tax rates and then selling them on at home at a profit, so-called parallel trading.More sales means lower prices, if there was ever a place where things do not run out it is Hong Kong, and who cares if they buy things to sell them elsewhere...
They say this leaves Hong Kongers with a shortage of basic supplies and pushes up the cost of goods, while also accusing the mainlanders of bad behaviour.
Note the fellow who wants freedom waving the British flag... these kids are covering their faces (they don't all have colds... and kids. Their victims all look rather defenseless.
And then this...
This week, Chief Executive CY Leung surprised reporters by confirming that officials had indeed discussed a controversial proposal to reduce the number of visitors from mainland China by 20%.Hong Kong has always, even under the British, had severe restrictions on mainland Chinese visiting. People who escaped communist China were sent back. To this day I have business partner who cannot come to Hong Kong because they are limited to a certain number of visits a year, and save them for trade shows.
This story does not make much sense... more going on here than is reported.
Feel free to forward this by email to three of your friends.
2 comments:
John, unlike you I have never been in Hong Kong. I do know that has been succesfully implementing real free trade policies and economic freedom ones.
Even Milton Friedman used Hong Kong as an example of free markets in action.
Now, only through the news available in media and the net, Seems like something else is going on. Looks like Beijing is trying to enforce its political control little by little on HK...
So John: Does that mean that the golden age economic freedom of Hong Kong is going to end?
and speaking of another island with lots of economic freedom:
What about Singapore? Is it as good as HK?
Would you recommend eventually going to a trade show there?
Thanks
Yes, Western media would have you believe Beijing is squeezing Hong Kong. But reading the Chicom and other press for some balanced reporting, and reading the Basic Law for Hong Kong, I cannot seen anywhere Beijing is violating their agreements.
http://www.octs.org.hk/e_page_literature.htm
USA destabilizes as a matter of policy. I think this is more about another USA destabilization gig than Beijing malfeasance.
Never been to Singapore. I hear it is fascism done right. They cane graffitoists. Not much graffiti there. To my mind, the city state is the optimal polity, what the USA was originally designed to be. Monte Carlo, Singapore, Andorra, San Marino, Vatican, Switzerland, Hong Kong, Malta, Brunei, 5-8 million people, no more. There is peace, security, justice, prosperity.
Hong Kong won't change soon, and yes, I am working on leading private trade show delegations to Hong Kong... email me for details.
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