review of the link to dollar. This reminded us to focus back on this 29-year-old currency linking system of HKD to USD. It was a very good / effective system to help Hong Kong to remain stable under the economic turmoil when first applied in 1983. This formed a very firm ‘firewall’ to protect the stability of the Hong Kong Dollar. We also had the testimony for the effectiveness of this system while the economic crisis that happened in 1997 and 2007. Although the Hong Kong Government had shown their
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the article that I choose to do my article review on is called Imagining the Dollar Without Its Privilege. This is a very interesting article writing by Eduardo Porter for the New York Times on October 15‚ 2013. This article is all about the uncertainty of the worth of the U.S dollars and what it might mean to our nation and the rest of the world. A very interesting quote from this article made by George Soros is “the dollar is the weakest currency except for all others”. The article addresses concerns
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Enacting sweeping regulatory changes at a moment’s notice? You bet. Ahhh‚ the good old days. Now‚ a once-in-a-decade leadership shift is getting in the way of the stimulus-happy policies to which investors became accustomed. The nimbleness that helped China steer around the worst of the global crisis is confronting political paralysis of the kind more often seen in Japan‚ Europe and the U.S. The upshot is that China’s 7.6 percent growth rate may fall more in the next 12 months than anyone expects.
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of the Australian dollar (AUD) against the U.S. dollar (USD) benefit Billabong in two folds‚ strengthened price competitiveness and translation advantage. Firstly‚ the Americas segment accounts for about 50% of Billabong’s sales revenue in 2008 and 2009. (Appx.1) In case of depreciation of AUD against USD‚ the price of imported surfwear to the U.S. in terms of USD will decrease. The US importers demand more for Billabong’s products. The sales increases from the strengthened price competitiveness.
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Weak Dollar vs. Strong Dollar With the economy constantly changing‚ we are starting to see drastic changes in our dollar. A countries currency determines their strength in the market and their inflation rate. With a higher inflation rate‚ they are able to buy more and do more for a cheaper price. To help us better understand the difference between the weak dollar and the strong dollar‚ we will go in depth with both weak and strong dollars and its advantages and disadvantages‚ the currency monitor
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Bank of China Hong Kong ’s Initial Public Offering by Hugh Thomas Associate Professor of Finance The Chinese University of Hong Kong Draft of April 28‚ 2003 Accepted for publication in Journal of Financial Education. I am grateful to participants at the North American Case Research Institute 2002 conference in Banff‚ Canada‚ for their helpful comments and for research assistance from Wang Zhiqiang and Xu Zhi in preparing some tables. Please contact me at hugh-thomas@cuhk.edu
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Milestones in Hong Kong and China |Year | |Development | | | | | |1993 | |Officially incorporated in Hong Kong. Received nonprofit status from Hong Kong’s Internal Revenue Department. | | | |
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Editor Nursing Issues in Hong Kong Steven L. Baumann‚ RN; PhD Associate Professor‚ Hunter College of the City University of New York‚ New York Changes in nursing in Hong Kong over the past decade have had more to do with the changes in the world and the region’s economy and population than the changes instituted by the Republic of China. Hong Kong’s nearly 7 million people’s health is‚ like in other places‚ threatened by a shortage of skilled and experienced nurses. Hong Kong’s three major
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Introduction History of CNY/USD Exchange Rate Period to 1994: Prior to 1994‚ China maintained a dual exchange rate system. This consisted of an official fixed exchange rate system‚ which was used by the government‚ and a relatively market-based exchange rate system that was used by importers and exporters in “swap markets”. The two exchange rates differed significantly. For example‚ the official exchange rate with the dollar in 1993 was 5.77 Yuan versus 8.70 Yuan in the swap markets. The foreign
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Global Business Cultural Analysis: Hong Kong Dr. Maria Marin Business 604 History Hong Kong has been inhabited for millennia‚ with the early Che people settling the land early on. During the period of the Warring States in Mainland China‚ Yuet people immigrated from the north and forcibly assimilated the Che people. During the time of the Qin Dynasty Hong Kong was made a part of unified Imperial China. Throughout the Han Dynasty in the 10th century the region grew in
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