1. Hong Kong’s Economy

2. Hong Kong Hong Kong’s economy will be researched and contrasted with Canada’s economy. The aspects that will be focused on include the government and its intervention; the exchange markets and trading; the society and its role.

3. “One Country, Two Systems” The existing economic and social systems will continue Free movement of goods and capital It still determines its own monetary and financial policies No taxes will be paid to China Property rights and foreign investment will be protected British common law system will be retained

4. Government  Chief Executive:  Tung Chee Hwa  Executive Council  Legislative Council Municipal Council:  Urban and Regional

5. Tax System profits or income arising in or deriving from Hong Kong are subject to tax  Profits Tax  Salaries Tax  Property Tax

6. Exchange Markets and Trades Stock Exchange of Hong Kong Hong Kong Futures Exchange Trading Industries

7. Stock Exchange of Hong Kong -unification of 4 exchanges from previous market -market capitalization -October Crash in 1987 -Hang Seng Index

8. Trading Free enterprise Free trade Low taxation Transportation Workforce Telecommunications Banking and financial facilities

9. Manufacturing TOP 20 CANADIAN EXPORTS TO HONG KONG

10. Industries Electronics Textiles Watches and clocks Clothing Tourism

11. The Society and Its Role Working Life Population Density Income Distribution Education Living Standard Employment

12. Working Life Motivations Work Force Rural or Urban Communities Competitive

13. Population Density Housing Immigration Population Statistics

14. Population Statistics in Hong Kong

15. Education 9 years of free and compulsory education Fees: Textbooks, uniforms Universities

16. Living Standard Consumer Price Indices

17. Employment Unemployment Rate Employment Opportunity Underemployment  The problem of workers being under utilized, either as part-time workers or by working a job not approprate to their skills, or education.

18. Statistics on Labour Force

19. Discussion Questions 1. Is it valid to set a law that Hong Kong people need to pay high taxes, same as in Canada?

20. Discussion Questions 2. Should the Hong Kong government restrict the law for opening any external company in Hong Kong?

21. Discussion Questions 3. Is it necessary that Hong Kong government restrict the black market labour force and set minimum wage either for part-time or full-time workers?

22. THE END BY: Maggie, Ariel, Leo