antiterror13
Brigadier
If HK transfers taxes to the mainland the HK might expect returns the mainland is not willing to give.
The mainland give total protection to Hongkong. Hongkong don't need to waste it's money for defense (like Singapore).
If HK transfers taxes to the mainland the HK might expect returns the mainland is not willing to give.
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
Antiterror/Aquauant - Can it the pair of you, or start packing your holiday bags!
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?
Are you sure its that much?
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.
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.