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If you look at their GDP nominal and PPP metrics they are surprisingly close. I had actually thought Singapore already surpassed Hong Kong numerically, if not intangibly in the eyes of overseas appeal and business freedom.
It seems that not a day goes by without at least one article being published somewhere in the world that draws on the Singapore and Hong Kong rivalry and states that Singapore is trying to become a beneficiary of the ensuing political turbulence in Hong Kong:
Those are some articles that have come out in the last 2 weeks. They're from all over the world, 5-6 different countries all reporting similar things. Some of them cite the same survey conducted but all of them give it a spin of their own.
It looks like the unrest in Hong Kong is pretty out-of-hand if global reaction is this high. That's not good, China is suffocating Hong Kong.
Depends on what are being compared, Singapore may win or not win HK.
It is less important than HK to Mainland Chinese businesses and International stock investors and traders.
According to economic data, both Singapore and HK were just about the same, being behind Japan and above Macau, Taiwan and South Korea before 2000. Now both are ahead of Japan and most others in Asia. They also rank closely in HDI, being first and second in Asia, thanks to their small size and being Asia's most important international trading cities and having similar commercial laws with the U.K. and US. Japan and Mainland China have large financial markets but no match with HK and Singapore to attract international investors. They are too domestic.
The rich or businesspeople of HK are not at big odds with Beijing and HK authorities. Other people are.
Quote:
Originally Posted by Ian_Lee
Hong Kong had been ahead of Singapore before 1997, since then Singapore has been ahead of Hong Kong.
Singapore's leader always serves just one boss -- his own people.
The Chief Executive in Hong Kong serves two bosses -- Beijing and its own people. Unfortunately they are always at odds.
The Chief Executive in Hong Kong serves two bosses -- Beijing and its own people. Unfortunately they are always at odds.
I'd correct that to say that the Chief Executive of HK serves two bosses - Beijing, and the tycoon class. . HK has always been a private club (or cabal) for the business class, since the British colonial days and continuing to this day.
Really, a lot of the public frustration stems from the unaffordability of housing in HK. Real Estate speculation is a participant sport in Hong Kong, and systemically, it's driven by allocation of land sales from the government to the big property developers - and the big guys who sit on undeveloped land banks to control the pricing and supply of property.
In the business realm, Singapore wants to surpass Hong Kong:
What do all of you think about this?
This really isn't new. Up until the runup of the 1997 handover of HK back to China, this sort of talk about Singapore taking advantage of the uncertainty in HK was pretty common. However, few HKers looking for a safe haven then settled in Singapore. I don't expect this to be much different.
The rich or businesspeople of HK are not at big odds with Beijing and HK authorities. Other people are.
The tycoons are at big odds with Beijing.
Three of the four top local Chinese tycoons, including Li Ka Shing, were not invited to Beijing to attend the National Day ceremony.
In fact, rumor circulated that the tycoons, not CIA, are the biggest closet supporters of demonstrators until the anti-extradition bill was formally withdrawn.
Three of the four top local Chinese tycoons, including Li Ka Shing, were not invited to Beijing to attend the National Day ceremony.
In fact, rumor circulated that the tycoons, not CIA, are the biggest closet supporters of demonstrators until the anti-extradition bill was formally withdrawn.
Well, they may not like what goes on in Beijing, but they'll in some ways toe the line because if they don't, Zhongnanhai can throw roadblocks in front of their businesses. The threats to Cathay Pacific and HSBC were warning shots to the HK business establishment.
Well, they may not like what goes on in Beijing, but they'll in some ways toe the line because if they don't, Zhongnanhai can throw roadblocks in front of their businesses. The threats to Cathay Pacific and HSBC were warning shots to the HK business establishment.
Those tycoons who toe Beijing's line already paid the price.
The shopping malls owned by the tycoons who toe Beijing's line are constantly harassed by the activists in the weekly, now daily demonstrations.
But those shopping malls, supermarkets and drugstores owned by Li Ka Shing are immune.
Alibaba is listed in HK stock exchange again, it went up and is just one of the many Chinese companies with increasing investors from all over the world. The US will become less important for HK due to bad political and economic relations, HK's economic links will become more close to mainland China instead with official government and business support from both sides.
Singaporeans dont like the bad behaviours of SOME Chinese but Singapore government, like the HK and Macao sar governements, has a good relation with Beijing. It can be another city global money can enter freely.
In the business realm, Singapore wants to surpass Hong Kong:
What do all of you think about this?
it will happen if the PLA invades HK or the CCP tightens their grip on HK and makes it just another Chinese city.
Quote:
Originally Posted by Hal Roach
I see Vietnam and Taiwan as being big winners in the trade war, but yes, Singapore will benefit from unrest in HKG.
agreed
Quote:
Originally Posted by Hal Roach
The Junta in BKK, or Islam in KL....I would go with the Junta....the military has always been the true backbone of the government in Thailand...the police are simply the mafia.
I would go with junta as well. Can't trust bedoiun whack jobs. Its basically softcore ISIL. KL needs to return to the ways of garuda and Majapahitor or godlessness and get separation of religion and state.
Quote:
Originally Posted by Ian_Lee
Hong Kong had been ahead of Singapore before 1997, since then Singapore has been ahead of Hong Kong.
Singapore's leader always serves just one boss -- his own people.
The Chief Executive in Hong Kong serves two bosses -- Beijing and its own people. Unfortunately they are always at odds.
Naturally Singapore wins.
Singapore still is a managed democracy with the same family controlling it.
Quote:
Originally Posted by silverkris
Well, they may not like what goes on in Beijing, but they'll in some ways toe the line because if they don't, Zhongnanhai can throw roadblocks in front of their businesses. The threats to Cathay Pacific and HSBC were warning shots to the HK business establishment.
That's why I try not to buy chinese products.
Quote:
Originally Posted by Tomboy-
Alibaba is listed in HK stock exchange again, it went up and is just one of the many Chinese companies with increasing investors from all over the world.
Alibaba is the only chinese stock I have but that's because I had yahoo stock before.
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