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Asia Sentinel
Hong Kong's Misguided Response to Property Bubble

Hong Kong's Misguided Response to Property Bubble

Our Correspondent
Nov 03, 2012
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Asia Sentinel
Asia Sentinel
Hong Kong's Misguided Response to Property Bubble
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Hong Kong has for 170 years been the benchmark for capitalist free markets. No tariffs, no exchange controls, no nationality or residence restrictions on ownership of property, no extra taxes for foreigners. But suddenly the territory Kong is acquiring capitalism with Chinese characteristics.

In a panic move to try to raise his own low level of popularit…

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