The British has made a significant amount of success through the economy of Hong Kong. Economics in Hong Kong wouldn’t be as advanced as they currently are if it wasn’t for the British. They have given more freedom for further industrialization which as a result attracted more foreigners for investments
But on the other hand in Hong Kong a business can benefit of low corporate tax rates. Economics factors can have a huge impact on the marketing strategies and objectives. The Hong Kong government plays an important role on the country’s economy and People Republic of China supports the foreign direct investment to contribute to the expansion of the Hong Kong’s economy. Hong Kong has an unemployment rate of 3,4% (based on 2012 HK economic report) and the labor force is more than 3.2450 billion of people. The currency in Hong Kong is the Hong Kong Dollar and 1 HKD equals to 0,13 USD.
Hong Kong is well known to be a ‘vertical city’, with 558 skyscrapers across the whole city compare with New York’s 360 in 2011 (Chau, 2011). In the nineteenth century, there are three technical innovations make the practice of building tall buildings become more practicable and common. They are mechanical ventilation, elevators which helps people to reach higher ground with minimum efforts and steel structural frame which provides a better weight-bearing wall for well support of tall building (Rizzoli,
Hong Kong – China Conflict Since the handover of Hong Kong, People's Republic of China in the 1997 series of conflicts arising during the Chinese mainland and Hong Kong exchanges. As most of the people of Hong Kong, Hong Kong has a strong local identity, one country after the implementation in Hong Kong. Mainland China and Hong Kong many other differences in the institutional and cultural habits, such as differences in the two conflicts caused by political and cultural. Why will happen Hong Kong – China Conflict? Hong Kong leads to contradictions events can be divided into two areas: policy conflict and controversy Mainland visitors and Hong Kong Policy debate 1.
In the meantime, as one of the world’s most activated economy, Hong Kong plays a role of neoliberalism in economy with low tax rate, advocating personal struggling, and taking individual wealth as successful criteria (Chow, Vivienne, & Manchi, 2012). After return, Hong Kong was influenced by social democracy from mainland China. Consequently, Hong Kong is a district full of conflicts. It is a good opportunity to compare the performance of different political ideologies in Hong Kong. Tourism is a pillar to Hong Kong economy, which generated 4.7% of local GDP and over 250 thousands job opportunities (Council Document, 2014).
1 Introduction Hong Kong is a popular destination in Asia and the world as well; there are many things that attracted tourism when they visited here. Hong Kong has known good place to shopping, mice and casino. According to my research Hong Kong has 5,455,371 people visited in 2014 that is 17,8% more compared to 2013 (HKTB Insight & Research, 2014). Total tourism expenditure was 343.1 billion HK dollars and most of them from shopping inbound because almost tourism to Hong Kong with personal purpose that is shopping (Hong Kong Tourism Board, 2014). Therefore, to develop tourism in Hong Kong while to balance between preservation and sustainability tourism prosperity, it is essential to understand its exclusive geographical features and accurately
Economic factor Interest rate in Hong Kong was last recorded at 0.50 percent which is a significantly low interest rate that make audio-related market in Hong Kong attractive. Also, foreign currency exchange rate is a potential risk that affect the company operations. 4. Social factor The new products are developed to fit into today's lifestyle in Hong Kong, i.e. convenience and sport.
In my opinion, Hong Kong has a highly sophisticated and cosmopolitan culture. With more than 98% of the Chinese population, people from Hong Kong are hardworking, highly educated and career-oriented. Just like other Asian countries, in Hong Kong, the actions, prestige, education, wealth of an individual can strongly affect the reputation of the entire family - positively or negatively. Non-Asian expatriates might be surprised by how diverse Hong Kong business culture is from back home. In this section, I am attempted to discuss the business negotiation style in Hong Kong using
The leading elite Hong Kong schools followed the model of the British “public” (i.e., private) schools. Nonetheless, the Hong Kong population has always been predominantly Chinese, and the schools have largely been adapted to the Chinese culture. This was also aided by British colonial localization policies, particularly after the Second World War. Hence, it is fair to say that the Hong Kong education system is very much a combination of Chinese culture and British traditions and schools enjoying the best of both patterns. Hong Kong’s education remained rather elitist even after the Second World War until the 1960s.