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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: RealMuLan who wrote (23972)2/20/2005 1:06:14 AM
From: RealMuLan  Read Replies (2) of 116555
 
Hong Kong and China reverse roles
By Todd Crowell
"
...

A growing number of people are beginning to think that China's economy may, at least in some respects, be more receptive to open competition and more supportive of a robust private sector than Hong Kong's. Political scientist and longtime observer Michael DeGolyer put it this way in a recent piece in the Toronto Star: "While regulation and taxation still lag behind Hong Kong standards, the battle for market share is far more contested in the [Chinese] mainland than in the monopoly- and cartel-plagued and developer-dominated Hong Kong."
atimes.com
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