Why is Hong Kong so successful?

Hong Kong’s economic strengths include a sound banking system, virtually no public debt, a strong legal system, ample foreign exchange reserves at around US $408 billion as of mid-2017, rigorous anti-corruption measures and close ties with mainland China.

Does HK have an army?

The People’s Liberation Army Hong Kong Garrison is a garrison of the People’s Liberation Army (PLA), responsible for defence duties in the Hong Kong Special Administrative Region (SAR) since the sovereignty of Hong Kong was transferred to China in 1997.

Where does Hong Kong get its money?

Hong Kong raises revenues from the sale and taxation of land and through attracting international businesses to provide capital for its public finance, due to its low tax policy.

What is to be done to solve the Hong Kong crisis?

Another important issue is that solving Hong Kong is a pointer to solving Taiwan. If Hong Kong goes bad, China can give up on any solution to Taiwan for a long time to come. So: What is to be done? The way around any hard problem is to step away from the personal and focus on the issues.

What are the benefits of solving Hong Kong?

For China, the benefits of solving Hong Kong are huge. It can be a pointer to how to take on the Taiwan issue and can provide a road map to a more open society for the rest of China. The latter surely is better pursued now, under conditions of relative calm than left to when something triggers angry mass protest on the mainland.

What is the main cause of conflict between Hong Kong and China?

The cultural and economic differences are widely considered as a primary cause of the conflict between Hong Kong and mainland China. The differences between Hong Kong people and mainlanders, such as language, as well as the significant growth in number of mainland visitors, have caused tension.

Is mainland China attacking Hong Kong’s legal system?

Some representatives of the government of mainland China have adopted increasingly strong rhetoric perceived to be attacking Hong Kong’s political and legal systems. More formally, the Central People’s Government released a report in 2014 that asserts that Hong Kong’s judiciary should be subordinate to, and not independent of, the government.