Research on financial support for the development of cultural and creative industries: a comparison between Shanghai and Hong Kong
The political disputes in recent years have brought severe challenges to Hong Kong, causing some Hong Kong people to lose confidence in their prospects. Immigration overseas has once again become a topic of discussion among Hong Kong people. "One country, two systems" is an unprecedented new attempt. The implementation process will have twists and turns, and it is necessary to gradually enrich the connotation and improve the implementation model during the exploration process. At the end of 2016, Wang Guangya, director of the Hong Kong and Macao Affairs Office of the State Council, was interviewed and affirmed that Hong Kong still plays an indispensable role for the central government in opening up to the outside world. As long as we face the difficulties and make preparations in line with the national plan, Hong Kong will continue to play a pivotal role in the country's overall development layout.
Sino-US trade relations have once again worried the market after US President Trump took office. He once threatened to impose tariffs of 45% on Chinese imported goods. Initially, comments suspected that his tough attitude was just a populist slogan for posturing. However, given that he quickly announced his complete abandonment of the TPP, implemented a vigorous immigration ban, and recently proposed new taxes on Mexican goods, the new US government's aggressive China policy may not be just to gain bargaining chips. China and the United States are Hong Kong's largest trading partners, accounting for 51% and 7% of total trade respectively. Trade friction between the two countries is looming, and it is impossible for Hong Kong to remain immune. Regarding the future development of the situation, two extreme scenarios of optimism and pessimism can be deduced to consider how Hong Kong should handle itself.
Hong Kong’s irreplaceable and unique role in the new Sino-US trade situation Read More »