The Future of Hong Kong's Economy Free Essay

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The Future of Hong Kong's Economy

The Future of Hong Kong's Economy According to the May 5 edition of the Hong Kong Standard, the future Chief Executive of Hong Kong may be committed to the development of Hong Kong as a high-technology manufacturing center, the Special Administrative Region (SAR) government will provide the funding for hi-tech ventures, and even the Chinese government is designating Hong Kong and Shenzhen as the next Silicon Valley ( " The Future of Hong Kong's Economy"). These aspirations offer a romantic vision, fitting for an historic moment. They are also misinformed and misguided. If significant resources were devoted to this approach, they would have to come from the taxpayer's pocket, and the consequence could be an end to the low-tax environm

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