Is Hong Kong destined to be a second-tier Chinese city? Posing this question 25 or even 15 years ago would have seemed absurd. Hong Kong could rightly boast economic dynamism, regional leadership in commerce, trade and finance, and a strategic position as China's window to the world. In terms of wealth, governance, rule of law, property rights and the quality of its institutions, Hong Kong was second to none.

Related Topics
No Related Topics