Hong Kong has a free market economy, highly dependent on international trade and finance - the value of goods and services trade, including the sizable share of reexports, is about four times GDP.
Meanwhile, Hong Kong's central bank eased mortgage rules and lowered loan-to-value ratios in a coordinated move with its fiscal peers. Removal of these extra levies is clearly meant to boost ...
Xi likes to stress the principle of “patriots administering Hong Kong.” But patriotism can mean many things. The Communist Party’s philosophy of governing totally lacks the recognition of ...