Political Economic Situation of HK Research Paper

Political Economic Situation of HK - look into Paper ExampleThe China National Tourism Administration has stopped tourists under package tours from tour HK. The results earn been the shortcomings in the economy as 30 percent of Chinese visitors travel via package tours. However, the lay everywhere of package tours is a temporary measure and does not point to the long-term structural change in China. It does not also mean that the Chinese government would cut the Individual Visitors Scheme as it is peerless of the Chinas bigger plans for integration with Hong Kong. Therefore, the causal agency has no long-term impacts on the economy. However, its long-term governmental and social effects can lead to long-term economic results.Nonetheless, protests that have become more support are likely to erode the appeal of Hong Kong to global firms. Hang Seng index, the local stock market benchmark, has tumbled over 9% since hitting a peak in six months in September. The Hong Kong Monetary Authority revealed that banks have closed down 44 branches because of the protests. The situation of the city can thus push away investors as most sectors, as the financial markets are not operating normally. Most people who could be on the job(p) are in the streets, protesting. According to the Citigroup economist, investors and businesses are in an environment that is increasingly creating higher operational risks. The movement seems disorderly to most foreigners and has thus created a negative perception of Hong Kong and mainland China.Despite the results of the protests, Chinese government has shown no signboard of relenting.