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Dr Jim Walker, Chief Economist, investment banking brokerage CLSA (01/10/2004)

Co-author of Boomtown: Re-enter the Dragon

"Boomtown tells a story of a magnitude we think is much bigger than the boom years of the 80s. This is because capital coming from China is being spent in Hong Kong, raising Hong Kong's profile and economic activites.

"The real key is understanding that Hong Kong institutions are not likely to be replicated by China tomorrow, namely: free capital movement and a convertible currency, a legal system based on contract law and unrestricted flow of information, low taxes and a privately owned, well capitalised banking system."   

 

 


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