Chinese-style globalization: prospects and risks


At the World Economic Forum in Davos in January, Chinese President Xi Jinping delivered a message on China’s promoting a “Fair Economic Globalization”, which explicitly contradicted the the newly elected US president Donald Trump’s “antiglobalist”. Since that time, the topic of PRC turning into a new leader of globalization keeps appearing on the pages of popular and specialized economic publications.
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China: Hong Kong claims financial leadership in the New Silk Road project

15.05.2017, China.

Hong Kong has every opportunity to become a leading financial platform for the “New Silk Road” initiative, said Leung Chun-ying, Chief Executive of Hong Kong, at the One Belt, One Road Forum in Beijing on May 15, TASS News Agency reports.

Leung Chun-ying noted that being China’s international financial center, Hong Kong becomes a superconductor between the People’s Republic of China and the rest of the world. Today Hong Kong is the most preferable place for capital from mainland China because there are no foreign exchange control and restrictions. In addition, for 23 consecutive years, the Heritage Foundation [in its annual Index of Economic Freedom publication – Editor], lists Hong Kong among the freest economies in the world.
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