Mon, Jul 11, 2011 - Page 8 News List

Why not learn from Hong Kong?

By Wang Dan 王丹

Third, Hong Kong also offers the best window on developments in China, not only politically speaking, but also economically speaking. Because it is about to become the experimental center for offshore business using the Chinese currency, Hong Kong will become the crucial observation point for Chinese capital flows and economic trends.

Over the past two decades, Hong Kong has experienced the impact of independent Chinese travelers and the Closer Economic Partnership Arrangement — which is similar to Taiwan’s Economic Cooperation Framework Agreement. It is now Taiwan’s turn to deal with these same issues.

At a time when both Taiwan’s leaders and the general public are feeling uneasy, they forget that there is an excellent nearby example whose experience they can learn from — Hong Kong.

The shortsightedness was and is astonishing.

Wang Dan is a visiting assistant professor at National Cheng Kung University.

TRANSLATED BY PERRY SVENSSON

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