MBT schuhe günstig,International Perspectives on

International Perspectives on Hong Kong's economic cycle, the main stock market analysis and related investment opportunities in Hong Kong equities Points: ◆ International Perspective ◆ cyclical changes in economic pillar industry of Hong Kong economy's performance in the economic cycle, economic growth cycle ◆'s relationship with the major indexes in Hong Kong ◆ Hang Seng Index in the analysis and investment opportunities an International Perspective cyclical changes in the Hong Kong economy in mainland China, Hong Kong and the United States Western countries on behalf of cyclical changes in the economic cycle Hong Kong: Hong Kong is on external resources and markets are fully dependent island market economy. 100 years Hong Kong has gradually developed into an international metropolis, mainly due to its complete market Law legal system and a stable social environment, based on the structure of the world economy to seize changes in the historic opportunities. The early 1980s from the 1960s, the Hong Kong Industrial Transformation of Western developed countries use the opportunity to develop export-oriented manufacturing sector to achieve economic take-off,Intermediary industry specialization a specific strategy for competitive advantage _4078, becoming one of Asia's Four Little Dragons, Hong Kong's economic cycle, this period of economic cycles and the West closer together. Since 1985, mainland China, Hong Kong's economic and gradual strengthening of economic ties, the original manufacturers to shift to the mainland, while the service sector has become Hong Kong's pillar industries. To GDP (gross domestic product) growth data analysis, the Hong Kong economy in the 1985-1990 and 1990-1995 showed typical 5-year increase - down change cycle (2 years,MBT schuhe, down by 3). Emerging Asia in 1997-1998 financial storm, interrupted periodically early pace of change continues, a negative growth in GDP in 1998. Hong Kong 2000 GDP growth of retaliatory rebound to 2003, spent three consecutive years, the Hong Kong economy's downturn, in 2004 entered a new cycle of economic growth. According Hong Kong SAR Census and Statistics Department released of the first quarter of 2004 data, GDP in Hong Kong jumped 6.8% in real terms, since the fourth quarter of 2003 the strongest growth. Data in the second quarter, GDP at market prices was 310.9 billion Hong Kong dollars, compared with the same period last year increased by 8.9%. Net effect of price changes, Hong Kong GDP in the second quarter of 2004 over the same period increased by 12.1% in real terms. Mainland China's economic cycle and the impact on our economy: Since the 1978 reform and opening up, China is seeing a 5 times more obvious in the economic cycle (macroeconomic regulation and control cycle). The cyclical nature of the performance: government-led investment - cost-push inflation - macro - overcapacity, lack of demand deflation. In 1997 macro-economic The second half of 2002, out of deflation, in 2003 entered a new round of increase in the economic cycle track. 20 years of reform and opening up China to Hong Kong's rapid economic development and industrial transformation provides a historic opportunity, while promoting the reform and opening up our economy plays an important role, on the one hand, import and export trade, re-export center, as re-export center of the mainland's import and export, international trade in in the process of getting huge profits, on the other hand, Hong Kong and mainland China enterprises into the international finance center for foreign direct investment in China largest source. In the implementation of CEPA and the Pan-PRD Regional Economic Cooperation after the economic ties between Hong Kong and mainland China more closely than in the past, personal travel to mainland China after Hong Kong, Hong Kong has become the center of mainland tourists. Cyclical changes in the mainland economy has been significant economic impact. As the representative of the United States, Western developed countries in the economic cycle on the Hong Kong economy: World War II, the major Western countries have experienced 4 synchronization of economic cycles. Economic development to the dollar crisis of the 70s (ie, decoupling of the United States announced the U.S. dollar and gold, The first stage is the rapid growth of the 1970s, before the stage (not including the mid-1950s, post-war reconstruction and recovery period), which is characterized by high economic growth, low unemployment and inflation rates; second phase is 1970 -80 years of stagnation and slow growth phase, characterized by low economic growth, high unemployment, high inflation rates (in the 1980s decreased); The third stage is the stage of stable growth in the 1990s, characterized by high-tech industry large-scale investment under the driving force, the U.S. economy is holding steady growth for 10 consecutive years, including 1995-2001, the U.S. economy contributed 60% of global economic growth; large-scale global capital into the United States, from 1996 to 2000, 3.7 trillion U.S. dollars of foreign capital into the U.S. capital markets, is the first 5 years of total capital inflows of about 3 times, to support the U.S. stock market continued to rise. The fourth stage is after 2000 to the present has not yet ended, economic growth rates, which is characterized by the United States George W. Bush took office, the economy and huge fiscal and the trade deficit, the dollar fell into the cycle index and promote the world's major dollar-denominated raw material prices are rising. As the U.S. dollar index fell, causing a large number of outflow of international capital the United States, could become the U.S. capital market into the medium-term bear market of the important reasons. International perspective to the economic perspective, from the early 1990s, there has been rapid global mobility of financial capital characteristics,UGG boots, to the implementation of the dollar peg of the Hong Kong big impact and increase the market price of capital the fluctuation. Especially the 1997-98 Asian financial crisis, so that Hong Kong has experienced unprecedented storm, and caused far-reaching effects; starting from April 2000 to the U.S. Nasdaq technology bubble burst as a starting point, the major U.S. emergence of capital markets stock index plummets, Hong Kong's capital market can not excepted, has had the technology bubble burst after the downturn. Second, Hong Kong's four major industry support for the economic development grasp and predict the overall trend of our economy, we start from its pillar industries. Hong Kong service industry is the backbone of the economy. Each year, the services sector contribution to the Gross Domestic Product more than 80% or more. Among them, the real estate, finance (the other text analysis), import and export trade and tourism, adding that the four leading industries of our economy. 1, real estate 2003 年 7 months, Hong Kong's property prices rose significantly. Because forward-looking nature of asset prices, it reflects the market's expectations of macroeconomic and financial developments. Some graphics from the following, we can see that both property prices, rents, or area of ​​government land sales, a number of indicators suggest that the recent rise in property prices generally consistent with economic fundamentals. temperature in real estate but also improve the affordability of housing in Hong Kong. According to the Hong Kong Monetary Authority in June 2004 quarterly reports show that mortgage rates and median household income ratio of 30% from last year, the bottom of the first quarter of this year rose to 35%. But still well below the past 20 years the average rate of about 65%. The ratio shows there is still much room for growth. 1997 in Hong Kong real estate bubble burst, the real estate industry after 6 years of painful adjustment, in April 2003 to combat SARS, the Hong Kong property market experienced last fall, is now fully recovered. 2, import and export trade With the expansion of the scope of opening up the mainland of China foreign trade increasingly taking the form of direct trade. This undoubtedly makes Hong Kong as an intermediary on the status of overseas trade by the challenge. Statistics from the Hong Kong government released data, import and export trade still accounts for a fifth of our GDP than one. Whether from the field or from the destination,tory burch online shop, the Chinese mainland are Hong Kong's trade industry plays a pivotal role. Hong Kong has its unique advantages for its promotion of foreign trade: First, the location, the second is well-developed infrastructure, a developed service sector three, four is the legal environment, the five government integrity, transparency and higher efficiency Sixth, the system is consistent with Western countries, seven international contacts are extensive and well-developed information network. Hong Kong and southern China, especially the Pearl River Delta region to establish a very close economic ties. Yearbook in the Guangdong region's economy, we can see that Hong Kong's investment in the Pearl River Delta region than any other region and the government invested in the PRD. 3, Hong Kong tourism industry since the 1980s, has gradually become an international tourist center. According to a report by the World Tourism Bureau, Hong Kong is the number of tourism employment is 74,100, together with the related activities are supported by 236,000 jobs. By 2010, the number of tourism industry employment will reach 100,100 people, will reach 35.26 million in related support positions. And for the tourism demand, in 1998 reached 328 billion Hong Kong dollars, and by 2010 may be increased to 1.33 trillion HK dollars. Open the Individual Visit Scheme to Hong Kong on the mainland after the substantial increase in the number of visitors, duration of stay in Hong Kong, and consumer spending, are in other countries and regions over the tourists. Can be said that mainland tourists to Hong Kong tourism industry will be the biggest source of income. Looking ahead, built in 2005, opening a Disney theme park,MBT schuhe günstig, there will be 500 million visitors each year, estimates that 25% of the economic rate of return.






أكثر...