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At a very simple level you can compare the GDP of PRC=$14.72T vs the GDP of HK=$349.5B from 2020.
by stingrae 5y ago
At a very simple level you can compare the GDP of PRC=$14.72T vs the GDP of HK=$349.5B from 2020.
- sebmellen 5y agoBut that is a myopic comparison. The strategic value of Hong Kong’s (semi)-open capital markets is that they act as a conduit between a totalitarian isolationist state and the rest of the world. The US’s capital markets support international trade in a somewhat similar way, and are thus innately valuable even without accounting for the productivity of American workers.
- gscott 5y agoCapital inflows to China are done through Hong Kong. HK is just a financial center for China. As far as the population goes, China could care less as long as they two the communist line. https://www.reuters.com/article/us-hongkong-protests-finance-explainer/explainer-how-important-is-hong-kong-to-china-as-a-free-finance-hub-idUSKBN2350VO https://www.reuters.com/article/us-hongkong-protests-finance...