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| Subject: Re: Sony Mitsubishi ERG AES Prodata Hong Kong. | |
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Author: 3rd part |
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Date Posted: 00:01:21 01/30/03 Thu In reply to: 2nd part 's message, "Re: Sony Mitsubishi ERG AES Prodata Hong Kong." on 00:00:20 01/30/03 Thu Weights and Measures Metric, British Imperial, Chinese and US units are all in use in Hong Kong. The territory is promoting the adoption of a metric system of units, the "International System of Units" (SI). Adoption of SI in areas related to length, area, volume and capacity, force, pressure and energy/power is almost complete. The "Special Administrative Region" and the Future of Hong Kong On July 1, 1997 Hong Kong became a "Special Administrative Region" (SAR) of the People's Republic of China. The treaty between Great Britain and the PRC which created the SAR of Hong Kong guarantees the future existence of the current territory as a capitalist enclave until at least the year 2047. The Chinese speak of "one country, two systems," which has become the standard way of describing the continued existence of capitalist Hong Kong as a part of the People's Republic of China. A similar system has been negotiated for the Portuguese colony of Macau, with the transition to take place on December 20, 1999. Some have expressed concern about Hong Kong's ability to maintain its capitalist system, rule of law, free flow of information, etc, now that it is a part of the People's Republic of China. While it is impossible for anyone to predict the future of Hong Kong with certainty, most observers agree that the (mainland) Chinese government has scrupulously followed the "one country, two systems," formula, and all indicators suggest that the People's Republic of China will continue to abide by the Hong Kong accords. There are many reasons for this optimism, including the following: (1) PRC behavior to date. As mentioned, Chinese leaders have repeatedly stated their commitment to maintaining "one country, two systems," and their deeds have been true to their words so far. (2) "Face." China does not want to preside over a decline in Hong Kong, after the territory prospered for so many years under British rule. (3) The PRC has invested heavily in Hong Kong. In fact, the PRC is the largest investor in the territory (estimates range from US$ 25 billion to as much as US$ 100 billion). The PRC has been profiting from its Hong Kong investment for years, and there is no logical reason to assume that they would now want to destroy this source of income -- especially now that Hong Kong "belongs to them." (4) China needs Hong Kong's infrastructure to sustain its policy of fostering economic growth. Indeed, the growth targets set by the PRC Government would be impossible without the use of Hong Kong's banks, trading companies, and container port facilities. Over 50 percent of all Chinese exports still flow through the port of Hong Kong. (5) The current PRC leadership has pointed with pride to the economic growth of the southern regions of China, indicating that this is a model for the rest of China. This growth is a direct result of Hong Kong investment and management. Hong Kong has created over 5,000,000 jobs in southern China through its investment over the last several years. To explain this, a Chinese Communist leader was quoted as saying, "Just because capitalists use a certain method to run their economy, doesn't make it a capitalist method." The liberalization of China has been based on Hong Kong models, with this likely to continue. (6) Historically, the PRC has never taken actions which were specifically designed to damage Hong Kong business interests. Even during the depths of the cultural revolution in China, Hong Kong was considered "off limits." There is no indication that this is going to change. (7) Taiwan. The "one country, two systems" model was actually created for Taiwan, the one remaining part of "Greater China" yet to be reunified. Although successfully maintaining Hong Kong's way of life does not guarantee Taiwan's "return to the motherland," failure in Hong Kong would surely mean the end of China's aspirations towards Taiwan. Companies interested in the Hong Kong market should continue to monitor the situation, since things could always change. However, in our view, there is no reason for concern about the future viability of Hong Kong as a good market for US goods and services, and as an excellent base from which to conduct business throughout the region. ISA Customer Satisfaction Survey U.S. Department of Commerce * International Trade Administration* The Commercial Service ----------------------------------------------------------------- The U.S. Department of Commerce would appreciate input from U.S. businesses that have used this ISA report in conducting export market research. Please take a few moments to complete the attached survey and fax it to 202/482-0973, mail it to QAS, Rm. 2002, U.S. Department of Commerce, Washington, D.C. 20230, or Email: Internet[Opfer@doc.gov]. ----------------------------------------------------------------- * * * About Our Service * * * 1. Country covered by report: _______________________________ Commerce domestic office that assisted you (if applicable): ________________________________________________________ 2. How did you find out about the ISA service? __Direct mail __Recommended by another firm __Recommended by Commerce staff __Trade press __State/private newsletter __Department of Commerce newsletter __Other (specify): _______________________________ 3. Please indicate the extent to which your objectives were satisfied: 1-Very satisfied 2-Satisfied 3-Neither satisfied nor dissatisfied 4-Dissatisfied 5-Very dissatisfied 6-Not applicable __Overall objectives __Accuracy of information __Completeness of information __Clarity of information __Relevance of information __Delivery when promised __Follow-up by Commerce representative 4. In your opinion, did using the ISA service facilitate any of the following? __Decided to enter or increase presence in market __Developed an export marketing plan __Added to knowledge of country/industry __Corroborated market data from other sources __Decided to bypass or reduce presence in market __Other (specify): _______________________________ 5. How likely would you be to use the ISA service again? __Definitely would __Probably would __Unsure __Probably would not __Definitely would not 6. Comments: ________________________________________________________ * * * About Your Firm * * * 1. Number of employees: __1-99 __100-249 __250-499 __500-999 __1,000+ 2. Location (abbreviation of your state only):______ 3. Business activity (check one): __Manufacturing __Service __Agent, broker, manufacturer's representative __Export management or trading company __Other (specify):_______________________________ 4. Export shipments over the past 12 months: __0-1 __2-12 __13-50 __51-99 __100+ May we call you about your experience with the ISA service? Company name: _______________________________________________ Contact name: _______________________________________________ Phone: ______________________________________________________ ----------------------------------------------------------------- Thank you--we value your input! ----------------------------------------------------------------- This report is authorized by law (15 U.S.C. 1512 et seq., 15 U.S.C. 171 et seq.). While you are not required to respond, your cooperation is needed to make the results of this evaluation comprehensive, accurate, and timely. Public reporting burden for this collection of information is estimated to average ten minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing the burden, to Reports Clearance Officer, International Trade Administration, Rm. 4001, U.S. Dept. of Commerce, Washington, D.C. 20230, and to the Office of Information and Regulatory Affairs, Office of Management and Budget, Paperwork Reduction Project (0625-0217), Washington, D.C. 20503. ----------------------------------------------------------------- FORM ITA 4130P-I (rev. 5/95) OMB. No. 0625-0217; Expires 09/30/98 [ Next Thread | Previous Thread | Next Message | Previous Message ] |
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