People’s Republic of China—Macao Special Administrative Region: 2022 Article IV Consultation Discussions

People’s Republic of China—Macao Special Administrative Region: 2022 Article IV Consultation Discussions
Author: International Monetary
Publisher: International Monetary Fund
Total Pages: 48
Release: 2022-04-12
Genre: Business & Economics
ISBN:

Macao SAR’s recovery is expected to continue in 2022, but it will take several years before the economy returns to its pre-crisis level. Although strong fiscal support and the financial strength of Macao SAR’s casino groups cushioned employment and consumption, the sharp contraction in activity exposed Macao SAR’s vulnerability to external forces affecting the inflow of tourists. Short-term risks to the outlook include a re-intensification of the COVID-19 pandemic and an increase in Macao SAR’s financial sector stress. The heavy impact of the pandemic on Macao SAR’s growth highlights the need to diversify the economy beyond the gaming industry. The high exposure to climate-related shocks poses long-term concerns.

Macao Special Administrative Region of the People's Republic of China: Financial Sector Stability Assessment

Macao Special Administrative Region of the People's Republic of China: Financial Sector Stability Assessment
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 33
Release: 2011-08-31
Genre: Business & Economics
ISBN: 1463902255

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

A City Mismanaged

A City Mismanaged
Author: Leo F. Goodstadt
Publisher: Hong Kong University Press
Total Pages: 241
Release: 2019-11-01
Genre: Political Science
ISBN: 9888528491

A City Mismanaged traces the collapse of good governance in Hong Kong, explains its causes, and exposes the damaging impact on the community’s quality of life. Leo Goodstadt argues that the current well-being and future survival of Hong Kong have been threatened by disastrous policy decisions made by chief executives and their principal officials. Individual chapters look at the most shocking examples of mismanagement: the government’s refusal to implement the Basic Law in full; official reluctance to halt the large-scale dilapidation of private sector homes into accommodation unfit for habitation; and ministerial toleration of the rise of new slums. Mismanagement of economic relations with Mainland China is shown to have created severe business losses. Goodstadt’s riveting investigations include extensive scandals in the post-secondary education sector and how lives are at risk because of the inadequate staff levels and limited funding allocated to key government departments. This book offers a unique and very powerful account of Hong Kong’s struggle to survive. ‘Goodstadt demonstrates how the neglect of social rights in managing the SAR has brought about serious consequences through the discussion of housing, medical services, and education. A highly readable title with a lot of interesting arguments for those who really care about Hong Kong.’ —Lui Tai-lok, Department of Asian and Policy Studies, Education University of Hong Kong ‘Goodstadt gives a well-grounded and relentless rebuke of the HKSAR government for failing to safeguard lives, quality of living and the interests of its people in the past twenty years. It is a poignant siren that calls for reflection and correction.’ —Christine M. S. Fang, Department of Social Work and Social Administration, The University of Hong Kong ‘Goodstadt utilizes his long experience in public policy in Hong Kong to interpret the city’s mismanagement. He supplies a devastating critique of the fallacy of the approach taken by the Chief Executives and the senior leaders.’ —David R. Meyer, Olin Business School, Washington University in St. Louis

Annual Report

Annual Report
Author: United States. Congressional-Executive Commission on China
Publisher:
Total Pages: 348
Release: 2010
Genre: China
ISBN:

People's Republic of China

People's Republic of China
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Total Pages: 77
Release: 2017-08-15
Genre: Business & Economics
ISBN: 1484314727

This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

Introduction to the Hong Kong Basic Law

Introduction to the Hong Kong Basic Law
Author: Danny Gittings
Publisher: Hong Kong University Press
Total Pages: 446
Release: 2013-07-01
Genre: Law
ISBN: 9888139487

Effective since China's resumption of sovereignty on 1 July 1997, the Hong Kong Basic Law lays down the general policies and system of government for Hong Kong under the "one country, two systems" formula. It guarantees Hong Kong a high degree of autonomy, enshrines the rights and freedoms of residents, and preserves a separate common law system with an independent judiciary. This introduction traces the origins of the Hong Kong Basic Law and the concepts and legal issues that surround it. Drawing on the experience of the first 15 years, it then analyses the content of the Hong Kong Basic Law, especially in relation to Hong Kong's political system, the judiciary, and human rights. Intended especially for students at all levels in law, politics, and other disciplines, this book—the only introductory guide of its kind to the subject—will also appeal to the general reader interested in Hong Kong's experience under "one country, two systems". "Danny Gittings's Introduction to the Hong Kong Basic Law makes a significant contribution to an important subject. It is expressed in reader-friendly terms. The insights that it provides are of value not only to lawyers but also to the general public." —The Hon. Mr. Justice Kemal Bokhary, Permanent Judge of the Hong Kong Court of Final Appeal (1997–2012), Non-Permanent Judge (2012– ). "This well-researched and very readable introduction explains the history, practices and future of the Basic Law—Hong Kong's key constitutional document. It also explores how far the Basic Law is able to address the many political and legal issues now facing Hong Kong. The book is suitable for a wide range of readers. Students of Hong Kong law at all levels will find it essential reading. General readers with an interest in Hong Kong's governance will find in it a lucid and accurate guide—and a timely one as the debate about implementing democracy intensifies." —Professor Fu Hualing, Faculty of Law, University of Hong Kong. "Many of us approach law books with trepidation. But Gittings, a legal academic, used to be a journalist and this shows in his ability to make the book accessible to the general reader. [...] The Basic Law will continue to be central to issues facing the city for years to come. This book enables the reader to quickly acquire a much better understanding of them." — South China Morning Post "As Professor Gittings points out in his book, which includes a chapter on what might happen after Hong Kong’s 50-year autonomy ends, readability was a key aim. Acronyms are kept to a minimum and details set up neatly and comprehensively in footnotes so that the main text is kept as clean as possible." — Hong Kong Lawyer

Constitutional Development in China, 1982-2012

Constitutional Development in China, 1982-2012
Author: Lin Li
Publisher: Springer Nature
Total Pages: 426
Release: 2019-11-29
Genre: Law
ISBN: 981329261X

This volume presents an overview of the evolution of the current Chinese Constitution (1982) and the characteristics of constitutional studies since 1978. Readers are introduced to the basic principles of constitutional system in China and gain insights into the real state of Chinese law, allowing them to form their own opinions. It will also aid commercial communications with Chinese legal professionals as well as enterprises. The book covers a number of topics, including the history of constitutional communication between Chinese constitutionalists and the International Association of Constitutional Law since 1981, the most important academic contributions to international conferences concerning constitutional law by Chinese constitutionalists, the main characteristics of the current Chinese Constitution in the field of constitutional studies in China, the key issues of constitutional practice and implementation in China, the challenges of running the fundamental political system of the People’s Representative Congress and the characteristics of rule of law specific to China.