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City on the Rocks: Hong Kong's Uncertain Future
     

City on the Rocks: Hong Kong's Uncertain Future

by Kevin Rafferty
 
The brightest remaining jewel of the British Empire, Hong Kong is a tiny enclave of capitalism on Communist China's doorstep, a 400-square-mile island at the edge of the biggest Communist country in the world. Its importance to the global economy is enormous: it exports twice as much as China does; it is the fourth-largest financial center in the world and one of the

Overview

The brightest remaining jewel of the British Empire, Hong Kong is a tiny enclave of capitalism on Communist China's doorstep, a 400-square-mile island at the edge of the biggest Communist country in the world. Its importance to the global economy is enormous: it exports twice as much as China does; it is the fourth-largest financial center in the world and one of the five most important ports. It is also a fascinating example of the interface of capitalism and communism--for Hong Kong exists at the sufferance of, and in some cases for the benefit of, the People's Republic.

Award-winning correspondent Kevin Rafferty explores Hong Kong's history and culture in detail, profiling the powers behind Hong Kong's history business and political worlds--from Jardine Matheson, the original "noble house," to Li Ka-shing, the penniless refugee who parlayed a plastic flower into the biggest fortune in Hong Kong. As he analyzes the impact of recent events in Hong Kong and the People's Republic will have on the world's political and economic balance of power, Rafferty draws an enthralling, incisive portrait of a city in transition.

Editorial Reviews

Publishers Weekly - Publisher's Weekly
When Hong Kong reverts to Chinese rule in 1997, Beijing will allow the freewheeling capitalist mecca to maintain its autonomous lifestyle for at least 50 years--at least as set forth in the treaty with Britain. But many of the Crown colony's business elite are already seeking exit visas, and Deng's bloody putdown of popular protest in Tiananmen Square last May has convinced ordinary Hong Kong residents that they are very much in the firing line, according to the author. In a sparkling tour of the bustling metropolis, Financial Times correspondent Rafferty considers Hong Kong's uncertain future in light of its unpreparedness to cast off colonial rule, its vulnerable economy and rivalry with Tokyo. He caps this astute blend of travelogue, history, economic and political analysis by proposing strategies whereby Britain could put pre-1997 pressure on China to become a tolerant overlord. Photos. (Apr.)
Library Journal - Library Journal
This substantial volume reveals Hong Kong mainly from current financial and political perspectives. Rafferty, who has been an Asia-Pacific correspondent for The Financial Times and Insitutional Investor , tells an occasionally repetitious story of the colony's people and neighborhoods, its banks and shops and money-making hustle. The shadow of China looms in later chapters as Rafferty discusses the 1984 Joint Declaration wherein Britain yields Hong Kong to China in 1997 (a well-balanced assessment) as well as the aftermath of the Tiananmen Massacre. This complements Jan Morris's Hong Kong ( LJ 2/1/89): where Morris's prose is more lucid, Rafferty's is more statistical; where Morris is more historical, Rafferty is more present- and future-oriented. Enhanced with a good bibliography, this is especially recommended for business-minded readers.--Elizabeth A. Teo, Moraine Valley Community Coll. Lib., Palos Hills, Ill.

Product Details

ISBN-13:
9780140073539
Publisher:
Penguin Group (USA) Incorporated
Publication date:
05/01/1991
Edition description:
Rev. and updated ed
Pages:
576
Product dimensions:
7.00(w) x 5.00(h) x 1.00(d)

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