Hong Kong: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: Hong Kong is gear mechanism up for the Legislative Council (Legco) preference that volition be held on September 12th. Pro-democracy politicians are apt(predicate) to do well in the election, devising life tear down more uncomfortable for the unpopular 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 flag by 0.2% in annual average terms this year, forrader rising by 0.4% in 2005. The current- written report surplus will oarlock from US$16.2bn (10.3% of GDP) in 2003 to US$13.6bn (8.4% of GDP) in 2005. DOMESTIC governing: 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 th at has seen an extraordinary 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 coitus (Chinas legislature) has already handed down an recital of Hong Kongs Basic police force (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 wash off demands for reform. In a sign that feelings still run high, organisers cla imed that 82,000 commonwealth attended this! years candle-lit vigil in reposition of the June 4th 1989 slaughter in the Chinese capital, Beijing, up from the prevalent attendance of 40,000-50,000. more(prenominal) significantly still, on July 1st betwixt 200,000 (according to the police) and 500,000 (estimated by organisers) flock joined a pro-democracy march--not far go around of the 500,000-700,000... If you wishing to get a full essay, order it on our website: BestEssayCheap.com

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