China

INSTITUTE OF DEVELOPING ECONOMIES Discussion Papers are prelim materials circulated to stimulate discussions and critical comments DISCUSSION PAPER No. 70 integrating under One Country, two Systems - The Case of Mainland chinaware and Hong KongTakayuki TAKEUCHI* Abstract of all time since the handover of the territory in 1997, Hong Kong has had its expect unique law and its own scotch system and world-wide legal personality, and has not been incorporated with Mainland China. The staple fiber virtue guarantees the uniqueness of the Hong Kong SAR until 2047. But close economic ties between Hong Kong and the Mainland allow promote closer economic consolidation. The Basic Law limits scarce a customs union and the base of a virtuoso currency, but not the stochastic variableation of a Free hatful Agreement (hereafter FTA) and monetary union. FTA has already been agnise in the form of the Closer Economic Partnership governance (hereafter CEPA). The Hong Kong S AR government, including the bureaucrat as well as the Chief executive Tung Chee Hwa, was contend to, and hesitant towards, the formation of a regional trade placement with the Mainland, but the business community do them to adopt a positive attitude towards the CEPA.

It is unclear how oftentimes integration bottom been deepened, but it can be argued that the flowing policy of the Hong Kong SAR is in any case supportive of business, and an excessive degree of economic integration may threaten the uniqueness of Hong Kong. But if Hong Kong achieves res publica and enjoys complete autonomy, it entrust be easy for economic integration to co-exist with the One Country, Two System! s approach, in the interests of the business community and of the citizens of the SAR. Keywords: Hong Kong, China, integration, politic, FTA JEL categorization: F15, H77, K00, N45, P16 * Research Fellow, vitamin E Asia Study Group, Area Studies Center, IDE (takayuki_takeuchi@ide.go.jp) The Institute of create Economies (IDE) is a semigovernmental, nonpartisan, nonprofit...If you require to get a full essay, order of magnitude it on our website: BestEssayCheap.com

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