Hong Kong: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: Hong Kong is cogwheel up for the Legislative Council (Legco) election that volition be held on September 12th. Pro-democracy politicians are apt(predicate) to do well in the election, devising life tear down more uncomfortable for the less-traveled chief executive, Tung Chee-hwa. real 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 rising prices has returned to Hong Kong, although consumer prices will however draw by 0.2% in annual average terms this year, in the lead rising by 0.4% in 2005. The current- billhook surplus will stick from US$16.2bn (10.3% of GDP) in 2003 to US$13.6bn (8.4% of GDP) in 2005. DOMESTIC regime: On September 12th 2004 Hong Kong residents will cast their votes for a new Legco; directly elected place will account for only one-half of the chamber. The election follows a year that has seen an unprecedented level of political activism in Hong Kong, characterised by an increase in pro-democracy and anti-government sentiment in the territory.

The standing perpetration of the National Peoples coitus (Chinas legislature) has already handed down an recital of Hong Kongs Basic fair play (mini-constitution) ruling out both public suffrage for the election of Hong Kongs next chief executive in 2007 and an expansion in the ratio of directly elected pose in the 2008 Legco election. However, this has failed to part demands for reform. In a sign that feelings still run high, organisers claimed that 82,000 masses at tended this years candle-lit vigil in repos! ition of the June 4th 1989 whipping in the Chinese capital, Beijing, up from the prevalent attendance of 40,000-50,000. to a greater extent significantly still, on July 1st betwixt 200,000 (according to the police) and 500,000 (estimated by organisers) pack joined a pro-democracy march--not far go around of the 500,000-700,000... If you require to get a full essay, order it on our website: OrderCustomPaper.com

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