Yuan Info Know China by her money

The Chinese yuan will become one of the most important currencies within the coming decades. With its fast growing economy, China's is a market full of business opportunities. This site gives insight in the Chinese economy and business etiquette, and China's history and language.

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Economy of Hong Kong

Article (source: Wikipedia)

The Economy of Hong Kong is widely believed to be the most economically free in the world. It has often been cited by economists such as Milton Friedman and the Cato Institute as an example of the benefits of laissez-faire capitalism. While the government, both under British and PRC rule, has occasionally intervened in the economy, the free market policy of Positive non-interventionism espoused by former financial secretary John James Cowperthwaite still largely drives economic policy today. It has ranked as the world's freest economy in the Index of Economic Freedom for 13 consecutive years, since the inception of the index in 1995. It also places first in the Economic Freedom of the World Report.



Economy of Macau

Article (source: Wikipedia)

Macau's economy has remained one of the most open in the world since its reversion to China in 1999. Exports and tourism are mainstays of the economy. Although Macau was hit hard by the 1997-98 Asian financial crisis and the global downturn in 2001, its economy grew 10.1% in 2002, 14.2% in 2003, and 28.6% in 2004.

During the first three quarters of 2005, Macau registered year-on-year GDP increases of 6.2%. A rapid rise in the number of mainland visitors because of China's easing of travel restrictions, increased public works expenditures, and significant investment inflows associated with the liberalization of Macau's gaming industry drove the four-year recovery. The budget also returned to surplus since 2002 because of the surge in visitors from China and a hike in taxes on gambling profits, which generated about 70% of government revenue.