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Hong Kong's Latest White Elephant
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Hong Kong's Latest White Elephant

Our Correspondent
Jan 22, 2010
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Hong Kong's Latest White Elephant
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The Hong Kong government likes to believe that it is in tune with an economy driven by economic liberalism and focus on return on capital. In reality it has become the tool of two types of vested interest.

One is the clutch of property development groups who buy the loyalty of civil servants through post-early retirement jobs and other perks. Maximizing …

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