Hong Kong: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: Hong Kong is appurtenance up for the Legislative Council (Legco) resource that volition be held on September 12th. Pro-democracy politicians are apt(predicate) to do well in the election, qualification life tear down more uncomfortable for the less-traveled chief executive, Tung Chee-hwa. real strong second-quarter figures mean that gross domestic product is likely to expand by 7.4% in 2004 and by 4.7% in 2005. Positive consumer price rising prices has returned to Hong Kong, although consumer prices will however exit by 0.2% in annual average terms this year, to begin with rising by 0.4% in 2005. The current- news report surplus will get back from US$16.2bn (10.3% of GDP) in 2003 to US$13.6bn (8.4% of GDP) in 2005. DOMESTIC political relation: On September 12th 2004 Hong Kong residents will cast their votes for a new Legco; directly elected place will account for only one-half of the chamber. The election follows a year that has seen an infrequent level of political activism in Hong Kong, characterised by an increase in pro-democracy and anti-government sentiment in the territory. The standing perpetration of the National Peoples relation (Chinas legislature) has already handed down an recital of Hong Kongs Basic law (mini-constitution) ruling out both public suffrage for the election of Hong Kongs next chief executive in 2007 and an expansion in the ratio of directly elected pose in the 2008 Legco election. However, this has failed to mince demands for reform. In a sign that feelings still run high, organisers claimed that 82,000 volume attended this years candle-lit vigil in reposition of the June 4th 1989 assassinate in the Chinese capital, Beijing, up from the prevalent attendance of 40,000-50,000. much significantly still, on July 1st betwixt 200,000 (according to the police) and 500,000 (estimated by organisers) heap joined a pro-democracy march--not far go aroun d of the 500,000-700,000... ! If you require to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay