As far as I know, there is no place in the world where a country has jurisdiction over two diametrically opposed political economic systems. The "one country, two systems" model that accommodates the Special Administrative Region (SAR)of Hong Kong post-1997 handover from the UK, is unique and fascinating. Not surprisingly, Beijing emphasizes "one country" and Hong Kong emphasizes "two systems". The latter permits HK to allow largely unrestricted political and economic freedom for its SAR citizens, while in mainland China there is one party rule and sharp restrictions on political freedom and expression.
It seems that Beijing is becoming concerned with the relative autonomy of Hong Kong and the perceived allegiance of the population, particularly the younger generation.
The Chinese Vice President told SAR officials that they should not put "two systems" before "one country". And another party official said "I would particularly raise the issue of national education for Hong Kong youth. This matter is very serious and very urgent now."
The arrangement that China made with Britain to allow HK to retain its separate system, expires in 2047. What will happen then?
Any US corporations currently buying land from the government? I suspect some government officials may be classified as the mega-rich.
ReplyDeleteSee HK Political Economy post in Feb. Land auctions dominated by a small number of real estate development firms (the oligarchy).
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