The die is cast: enclave is already surrendering to China's embrace
Article Abstract:
Macao is to be handed over to China in 1999 and relations between Portugal and China have been easier than relations between the UK and China over Hong Kong. Sovereignty was relinquished by Portugal in 1974 but Portugal retained administrative control at the invitation of China to Dec 20 1999. Gambling is a major economic activity in Macao and there are no major economic issues to tackle in Macao as there are in Hong Kong. Macao's legislature is to be retained after the handover, another contrast with the situation in Hong Kong.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Don't call us: Why Beijing isn't riding to the Hang Seng's rescue
Article Abstract:
China was instrumental in restoring confidence when Hong Kong's stock market crashed 10 years ago. However as Hong Kong's latest crisis continues, Beijing has claimed it would be inappropriate to get involved. A healthy Hong Kong market is important to China's plans for economic restructuring, but many believed that the market had been overvalued and was causing mainland markets to become unstable.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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