The China-Hong Kong Connection The Key to China's Open Door Policy [Hardcover]

This is an account of the 'middleman' role Hong Kong has played in China's Open Door Policy.This is an account of the 'middleman' role Hong Kong has played in China's Open Door Policy. It explains the paradoxical situation by which Hong Kong's role as intermediary in China's commodity trade is becoming more prominent in spite of the fact that since the development of the Open Door Policy in 1979 China has established many direct links with the outside world.This is an account of the 'middleman' role Hong Kong has played in China's Open Door Policy. It explains the paradoxical situation by which Hong Kong's role as intermediary in China's commodity trade is becoming more prominent in spite of the fact that since the development of the Open Door Policy in 1979 China has established many direct links with the outside world.This book is a scholarly yet highly readable account of the middleman role that Hong Kong has played in China's Open Door Policy. Dr. Sung develops a Theory of Intermediation to explain the paradoxical situation by which Hong Kong's role as intermediary in China's commodity trade is becoming more prominent in spite of the fact that since the development of the Open Door Policy in 1979, China has established many direct diplomatic, commercial and transportation links with the outside world. The book makes an important contribution to understanding China's various phases of economic reform and its interactions with global economic markets. Dr. Sung predicts that China's demands on Hong Kong's capacity as intermediary will increase dramatically after the handover in 1997.1. The open-door policy; 2. The pivotal role of Hong Kong; 3. The institutional setting; 4. Evaluation of the open-door policy; 5. Hong Kong as a financier; 6. Hong Kong as a trading partner; 7. Hong Kong as middleman; 8. Summary and conclusions. ...this book gives a timely and objective appraisal to the increasingly inter-dependent relationships between Hong Kong and China. The lÓ4