Hong Kong: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: Hong Kong is adapt up for the Legislative Council (Legco) option that volition be held on September 12th. Pro-democracy politicians are apt(predicate) to do well in the election, qualification life tear trim more uncomfortable for the less-traveled chief executive, Tung Chee-hwa. reliable 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 move up prices has returned to Hong Kong, although consumer prices pass on however string up by 0.2% in yearbook average terms this year, in the lead rising by 0.4% in 2005. The current-account surplus will glide by from US$16.2bn (10.3% of GDP) in 2003 to US$13.6bn (8.4% of GDP) in 2005. DOMESTIC POLITICS: On September 12th 2004 Hong Kong residents will cast their votes for a new-made Legco; directly elected daub will account for except one-half of the chamber. The election follows a year that has seen an unprecedented take aim of political activism in Hong Kong, characterised by an increase in pro-democracy and anti-government pattern in the territory.

The standing direction of the National Peoples Congress (Chinas legislature) has already handed down an biography of Hong Kongs Basic Law (mini-constitution) judgment out both mankind suffrage for the election of Hong Kongs beside chief executive in 2007 and an expansion in the dimension of directly elected personify in the 2008 Legco election. However, this has failed to dampen demands for reform. In a sign that feelings fluent run high, organisers claimed that 82,000 people attended this years candle-lit vigil in agitate of the June 4th 1989 massacre in the Chinese capital, Beijing, up from the commonplace attendance of 40,000-50,000. More significantly still, on July 1st amongst 200,000 (according to the police) and 500,000 (estimated by organisers) people find together a pro-democracy march--not far go around of the 500,000-700,000... If you want to get a full essay, rules of order it on our website: Ordercustompaper.com

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