China and Hongkong

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aquauant

Junior Member
What actually the direct financial benefit for China having Hongkong ?, do Hongkong Citizen pay tax to China ?

China spend quite a bit of $$$ to protect Hongkong (Hongkong garrison ?)

Or Hongkong just enjoy free protection from China and let China "waste" it's time for foreign affairs and Hongkong people just concentrate doing business without paying any tax to China ... NICE

Funny way to learn, NZer.
 

SampanViking

The Capitalist
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Antiterror/Aquauant - Can it the pair of you, or start packing your holiday bags!
 

Lion

Senior Member
There are many benefits from many perspective of having SAR like HK, Macau and eventually maybe Taiwan.

1)The HK banking system is well trusted, so foreign firms are more willing to establish a HQ on chinese soil than else where.

2)HK enjoys generally good access to sensitive western technology which owner may not be happy exporting directly to China

3)HK is also a great place for the Chinese govt's higher up to launder their "black" money into a foreign currency

4)HK also contribute greatly to the Chinese economy, HK's GDP itself is.... greater than the entire philipines.. more than Israel or New Zealand.

5)HK also have a whole lot of mechant shipping with her flag, like... almost double the merchant tonnage of the entire PRC.

6)HK also have a massive foreign reserve, almost 300 trillion USD (more than germany, more than india) -> it lends a lot of trust into the HK banking system and also a reason why the recent direct Yen-Yuan currency exchange, HSBC was a fundamental part of it.

7)HK also provide a lot of technical expertise to China; e.g. how to build very tall buildings, or how to build large span bridges... There is a lot of HK based companies investing into every sector of chinese industry; from batteries, to tool and die.

8)there are also a lot of historical issues, from the ancient tombs in kowloon, to the defeat of the southern song fleet off the coast of HK, the opium war, to the revolutionary safe house of the xianhai revolution, to the exile HQ of sun yet san, to the smuggling of arms into China to fight the Japanese. HK played an intergral part in Chinese history.

All of these make it positive for China to maintain HK; Historically, China have 2 main ports, Shanghai and Canton; the later of which nowadays encompases - Macau, HK and Guangzhou city; HK is an estential part of that equation.

Are you sure its that much?
 

CottageLV

Banned Idiot
Are you sure its that much?

it probably is that much, but just like london, ny. and singapore, those money are deposited by foreigners, theyre just holding onto it. they dont physically own it. the locals only hold a very small percentage of it.
 

SampanViking

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Are you sure its that much?

It cannot possible be that much as US$300 Trillion that is greater than the annual GDP of the entire planet! by several times!

If anybody wants to make an issue of it, they are welcome to provide the documentary evidence in the public domain which identifies how that sum is made up.

Otherwise less BS please before I have a serious sense of humour failure.
 

vesicles

Colonel
hong kong has the most traditional Chinese culture and world views. It remains untainted from the communist revolution. It very much shares common culture with Taiwan and Macau, all of them kept true Chinese culture throughout the 20s century. Although mainland China claims to be the legitimate successor to the proper Chinese heritage, it is really not true. Everything had been changed with the installation of a communist system and especially with the cultural revolution, nothing remains the same.

The number one reason that the PRC leaders kept HongKong so independent is to maintain its identity as a offshore banking centre. It's a bridge between PRC and the West. Although Shanghai is quickly advancing, due to its nature as a Red Chinese city, the West still doesn't have as much trust in it as they do to HongKong. HongKong serves as an economic buffer zone.

Even if HongKong is completely annexed as a regular city, it still will maintain its identity as a financial hub.

Everyone that I know who has been to Hong Kong and Taiwan says they actually see the true Chinese culture and value there. More so in Taiwan than Hong Kong.
 
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solarz

Brigadier
Everyone that I know who has been to Hong Kong and Taiwan says they actually see the true Chinese culture and value there. More so in Taiwan than Hong Kong.

I disagree very strongly.

Where do masters of Pekin Opera reside? Can you find large followings of Yue (越剧), Hu (沪剧), and Huang Mei(黄梅戏)Operas in Hong Kong or Taiwan?

When the Canadian
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wanted to learn Xiang-Shen (相声), where did he go?

Culinary-wise, where do you find the best 小笼包?Pekin Duck? 麻辣火锅?BBQ'd Lamb Skewers? How important is 饺子 in HK or Taiwanese culture?

Who's a more influential director: Zhang Yimou or Ang Li?

Look at HK and Taiwan pop. Then look at mainlander pop groups/singers like Phoenix Legend (凤凰传奇),慕容晓晓,徐千雅, 李玉刚: which musical culture is more rooted in traditional chinese music?

So how exactly can Taiwan and Hong Kong claim to have "truer" Chinese culture?

---------- Post added at 02:47 PM ---------- Previous post was at 02:26 PM ----------

I would say that HK and Taiwan cultures are a part of Chinese culture, but only a part, and far from being the entire panorama that is Chinese culture.
 

kyanges

Junior Member
vesicles' post was a little too vague to really argue for or against, but solarz's response did get me thinking.

It seems dangerous to start listing how many traditional things a culture has to assert its authenticity because that's sort of a shallow take on culture. It's also important to study how relevant a particular cultural expression is to the whole society at the time.

It's like this: The Chinese government slaps the Confucius name on an international outreach program, but how Confucian is the Communist government, or Chinese society on the mainland? Or rather, how many people really quote the Analects? The Peking Opera masters may be on the mainland, but is it a commonly enjoyed art form, or is it a niche recreation enjoyed by only a relative few? Similarly, Phoenix Legend may indeed be more rooted in traditional Chinese music, but does the majority listen to this, or do they listen to that generic Asian pop music?

I agree with what solarz said here:
I would say that HK and Taiwan cultures are a part of Chinese culture, but only a part, and far from being the entire panorama that is Chinese culture.
 
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