Hong Kong: Country outlook

COUNTRY VIEW FROM THE ECONOMIST INTELLIGENCE UNIT OVERVIEW: Hong Kong is accommodate up for the Legislative Council (Legco) alternative that volition be held on September 12th. Pro-democracy politicians are apt(predicate) to do well in the election, make life tear agglomerate more uncomfortable for the less-traveled chief executive, Tung Chee-hwa. very 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 go prices has returned to Hong Kong, although consumer prices pass on however add up by 0.2% in yearly average terms this year, sooner rising by 0.4% in 2005. The current-account surplus will set from US$16.2bn (10.3% of GDP) in 2003 to US$13.6bn (8.4% of GDP) in 2005. DOMESTIC POLITICS: On September 12th 2004 Hong Kong residents will cast their votes for a clean Legco; directly elected broadcast will account for just one-half of the chamber. The election follows a year that has seen an unprecedented aim of political activism in Hong Kong, characterised by an increase in pro-democracy and anti-government impression in the territory.

The standing military commission of the National Peoples Congress (Chinas legislature) has already handed down an record of Hong Kongs Basic Law (mini-constitution) reigning out both state-supported suffrage for the election of Hong Kongs abutting chief executive in 2007 and an expansion in the balance of directly elected devil in the 2008 Legco election. However, this has failed to dampen demands for reform. In a sign that feelings unagitated run high, organisers claimed that 82,000 people attend this years candle-lit vigil in memory board of the June 4th 1989 massacre in the Chinese capital, Beijing, up from the general attendance of 40,000-50,000. More significantly still, on July 1st between 200,000 (according to the police) and 500,000 (estimated by organisers) people conjugated a pro-democracy march--not far go around of the 500,000-700,000... If you want to affirm a full essay, orderliness it on our website: Orderessay

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