Hong Kong Economy: Bull and Bear Views
Amy, a business journalist/blogger friend in Hong Kong wrote that Hong Kong will have another financial crisis - by next Spring to be precise, quoting a Chinese left-wing academic as saying. This reminds me of an overly bullish outlook and up-beat sentiment painted by last Thursday's Globe and Mail special report on Hong Kong's economy. What a stark contrast!
Either case, both G&M's and Amy's report higlighted Hong Kong's economic growth or bust is determined by the health of mainland's economy. If Chinese economy performs well, Hong Kong will do well too and vice versa. Now the question is how will the Chinese economy perform in 2006. That's a million dollar question. Anyway, wonder what people on the ground thinks about the G&M story?
Update
Another bullish view: Hong Kong Bull Rush in Newsweek Oct 10th writes that "the enclave is winning the race with Shanghai to become the de facto national stock market of China." For sure, sentiments in the local financial sector are bullish.
Either case, both G&M's and Amy's report higlighted Hong Kong's economic growth or bust is determined by the health of mainland's economy. If Chinese economy performs well, Hong Kong will do well too and vice versa. Now the question is how will the Chinese economy perform in 2006. That's a million dollar question. Anyway, wonder what people on the ground thinks about the G&M story?
Update
Another bullish view: Hong Kong Bull Rush in Newsweek Oct 10th writes that "the enclave is winning the race with Shanghai to become the de facto national stock market of China." For sure, sentiments in the local financial sector are bullish.
