Economic Expansion 1. Briefly describe Hong Kong’s economy (background‚ GDP‚ growth rate‚ etc.)‚ (20 points) Everything about Hong Kong tells the story of trade. With beginnings as a small rocky island full of fishing villages‚ Hong Kong has grown to become one of the largest cities of trade and finance in the world. Hong Kong had a GDP of $325.8 billion USD in 2010‚ which represents a 6.8% growth from the previous year (“Economy: Hong Kong”‚ 2011). This growth is a nice change from the 2.7% loss
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Based on Geert Hofstede’s research‚ Hong Kong is a high power distance society. I agree with this analysis. An inequality social hierarchy is instituted in Hong Kong. For example‚ salary range between Hong Kong’s upper class and lower class is wide. Minimum wage for workers is $30 per hour‚ but some upper status people can get more than $3000 per hour.1 Besides‚ the Gini Coefficient of Hong Kong is the highest in the developed countries‚ since 1981‚ the coefficient increased continually and
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Mui Wo Fieldwork Investigation Introduction Mui Wo is a rural town located on southern Lantau. Lantau is Hong Kong’s largest island located at the mouth of Pearl River. Lantau has majorly developed sustainably over the past few years‚ Over 50% of Lantau consists of national parks‚ including a large number of well-marked trails‚ Tian Tan Buddha Statue and of course‚ The Hong Kong Disneyland‚ Lantau’s main attraction attracting thousands of tourists every year since it is very close to the airport
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The lifestyles in Hong Kong are fast and efficient‚ most of the hongkongers need to finish their meal within a limited time when they work‚ and therefore‚ fast food cultural is popular in Hong Kong and occupies a large market share of the food industry. The fast food market in Hong Kong is different from the other western society‚ either US or other Europe. As Hong Kong are still having the traditional Chinese cultural‚ there are Chinese fast food shop like Maxim’s‚ Café de Coral and Fairwood‚
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formal attire rental shop located in Hong Kong‚ China. Traditionally‚ gowns of this type were bought and never rented. Currently‚ there is no place like Elegance Recycled where dresses or gowns to a formal event can be rented in China. As disposable income continues to decline‚ everyone is always looking for innovative‚ reasonable and practical options to save money when it comes to spendthrift occasions. Elegance Recycled would be located in Hong Kong Island South that contains‚ “relentless concrete
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Developing Country: China The People’s Republic of China is located in East Asia. China is the most populous country in the world and its population is 1.35 billion. The communist party runs China and its capital city is Beijing. Its population/ settlement growth has had a 0.5% change from 2012. It is experiencing high levels of settlement growth ever since it opened it self to the rest of the world and made the ‘one child’ policy not as strict as before. In terms of land area‚ China is 9.6 million
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the Hong Kong Courts re Winding Up and Unfair Prejudice Petitions — Are Offshore Companies Safe? Hong Kong law contains a number of provisions designed to protect the interests of minority shareholders‚ including the “unfair prejudice” remedies under section 168A of the Companies Ordinance (the Ordinance) and the Ordinance’s “just and equitable” winding-up provisions. These protections can‚ in some cases‚ also be invoked by shareholders of non-Hong Kong companies. However‚ as the Hong Kong
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Causes of Poverty in Hong Kong The Hong Kong Government is planning to set an official poverty line in the year 2013. The threshold is expected to be set at half of the median household income. Despite Hong Kong being a socially and economically developed city‚ hidden within the crowd of seven million citizens though are people living lives of poverty. This poverty indictor might just pin-point the social groups in society that is in need of help. However‚ disregarding the poverty line‚ certain
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Introduction One’s identities can be various. I am a girl who is 19 years old‚ a Hong Kong people‚ a daughter‚ a university student. We have so many different identities. Some of it will change‚ some of it is stable and unchanging. So‚ before the explanation of the relationships between language and identity‚ the definition of identity have to be define first. According to Abercrombie (2000)‚ ” this is the sense of self‚ of personhood‚ of what kind of person one is. Identities always involve
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Challenges Hong Kong Faced from Shanghai as an International Financial Centre 09815346D YUE Pujue (Betty) The day that Shanghai’s financial system is protected behind the thick walls of a closed account has gone away. When China’s State Council revealed the plan to develop Shanghai into a multi-functional international financial centre by 2020 in the late March 2009‚ Shanghai rapidly responded to the call by increasing its financial industry output value as a share of
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