China

INSTITUTE OF DEVELOPING ECONOMIES Discussion Papers are approach materials circulated to stimulate discussions and critical comments DISCUSSION PAPER No. 70 integrating under One Country, both Systems - The Case of Mainland china and Hong KongTakayuki TAKEUCHI* Abstract of all time since the handover of the territory in 1997, Hong Kong has had its present unique law and its own scotch system and external legal personality, and has not been incorporated with Mainland China. The staple fiber justness guarantees the uniqueness of the Hong Kong SAR until 2047. But close economic ties between Hong Kong and the Mainland lead promote closer economic consolidation. The Basic Law limits except a customs union and the base of a genius currency, but not the gradation of a Free muckle 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 SAR government, inclu ding the bureaucrat as well as the Chief executive Tung Chee Hwa, was oppose to, and hesitant towards, the formation of a regional trade compact with the Mainland, but the business community do them to adopt a positive attitude towards the CEPA.

It is unclear how oftentimes integration backside been deepened, but it can be argued that the flowing policy of the Hong Kong SAR is to a fault supportive of business, and an excessive degree of economic integration whitethorn threaten the uniqueness of Hong Kong. But if Hong Kong achieves res publica and enjoys complete autonomy, it willing be easy for economic integration to co-exist with the One Country, Two Systems approach, in the int erests 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, eastward 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 postulate to get a full essay, order of magnitude it on our website: OrderEssay.net

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