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Strategies & Market Trends : HONG KONG
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To: Julius Wong who wrote (2883)10/18/2000 12:38:54 AM
From: fut_trade  Read Replies (1) of 2951
 
I have to admit I left Hong Kong with a negative impression. I think it was late Aug '99 as one of the typhoons was approaching. I'm waiting for my plane to arrive, when a China Airlines flight from Bangkok crashed on the runaway, one wing fell off, and the plane caught on fire. It took the emergency crew hours to remove the passengers from the plane, who were strapped into their seats upside down. I ended up spending about 30 hours in a packed Chek Lap Kok airport. What a mess. I also remember news reports of large numbers of construction workers who disappeared (killed by accident???) during the contruction of the airport -- which is too large and will be a financial burden to Hong Kong for many years.

And another thing -- somewhat unrelated. Have you noticed that the majority of the gov't officials in Hong Kong are women? The legacy of the Brits.

And then there was that time when the HKSAR felt the need to go in a buy up more than 10% of all the Hong Kong blue chip stocks to thwart the activities of the Quantum fund. So much for the "free market".

And talk about technology -- Hong Kong has no room to build high-tech factories. Land is just too expensive. Hong Kong will never be a tech leader, and whatever use it has now is fading fast.
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