A Retrospect of the Hong Kong Handover Essay Example for Free

A Retrospect of the Hong Kong Handover EssaySlide 2Hong Kongs handover to the Chinese government after 150 years of British colonial rule is a major historical eventMy paper analyzes whether or not chinaware handled Hong Kong well 10 years after the Handover occurred. It also aims to look at the changes that have taken place since the Handover, and how they have affected the blot in Hong Kong. in-chief(postnominal) questions regarding this issue are After 10 years, did chinaware handle Hong Kong well? Has China fulfilled its promise to maintain Hong Kongs status quo as a attraction in Asian economy? Have the policies and changes that the Handover has brought been beneficial to the people of Hong Kong?My position is that China did a good job in the sense that they did not do harm to Hong Kong and was competent to preserve the liberal economical and political spirit of the place. My conclusions are based on the following parameters One, the economic situation of the territory , and two, the political situation of the territory.Slide 3Background of the IssueWhy was the Handover a source of anxiety to Hong Kong citizens? The Hong Kong way of life is different than that of Mainland Chinas China is under a communistic System while Hong Kong adopts a free market economyThe Impact of the Hong Kong handover can be brought to light with the following factsGeographyHong Kong is a small meet of coastal island below Mainland China.Its strategic location made it an important port for the trading of goods and is regarded as an ideal base for military and tactical operations.When it comes to its economy, Hong Kong is a cart to contend with. Hong KongIs one the modern worlds most important financial hubsEnjoys one of the worlds highest gross domestic productsProvides jobs to millions in Mainland China as well as in neighboring countriesSlide 4Aftermath of the HandoverAccounts of life in Hong Kong right after the Handover were promising. Generally, it was life as un iversal.The general consensus is that the Handover did not cause the major political and economic upheavals that many feared it would.While there was a slowing down in the economy, it was not at the level expected.The changes were milder and subtler than expectedThe reaction of the business community to the Handover reflects the reaction of the localsBusinesses were able to ride the change without much difficulty.Multinational companies based in Hong Kong have been loyal, and were able to transcend political upheavals.Slide 5The most important policies implemented after the Handover included One country, two policies and Hong Kong people administering Hong Kong. China also increase public spending and reduced tax.These policies have allowed Hong Kongs Special Administrative Region (SAR) government a free hand to implement decisions with respect to Hong Kongs political and economic environment. Such a moves also proved to be effective because it kept businesses in Hong Kong.Hong Kong s Performance under Chinas rule has been on the large part, successful. The following are evidence of Chinas good handling of the Hong Kong HandoverHong Kong was one of the least affected during the Asian economic depressionsHong Kong was one of the first to bounce back from the depression.Hong Kong survived the health problems of SARS, bird flu and mad cow disease.