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Is Hong Kong relying too much on China to revive its economy? (31 Aug 2003)


Discusses whether Hong Kong is relying too much on the Central Government's favours, like individual tourists and CEPA, to revive its economy. Selina Chow Liang Shuk-yee (Legislator / Chairman, Hong Kong Tourism Board) says increase in mainland tourists only corrects the imbalance of tourists between the two places. Francis Lui Ting-ming (Director, Centre for Economic Development, Hong Kong University of Science and Technology) says tourist's contribution to local GDP is small and by allowing tourists to take out more foreign exchange helps to relieve pressure on the Renminbi. He says CEPA is mutually beneficial as Hong Kong has a lot to offer.

Publish Date: 
Sunday, August 31, 2003
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