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Country Forecast Hong Kong Updater Product Image

Country Forecast Hong Kong Updater

  • Published: July 2014
  • Region: Hong Kong
  • 17 Pages
  • The Economist Intelligence Unit

It will be tough for the local government to overcome the blocking minority that the pro-democracy camp holds in the Legislative Council (Hong Kong's parliament) and pass electoral reforms. China's government aims to retain a power of veto over candidates for the 2017 chief executive election, even if the contest itself is conducted on the basis of universal suffrage. The opposition may be emboldened by recent large pro-democracy protests in June-July 2014.

The chief executive, Leung Chun-ying, will pursue an agenda focusing on issues of social justice. Affordable housing will be his main priority, but his policies will not be radical. Clashes between his administration and democracy advocates will grow fiercer in 2014-18. The pro-democracy camp is likely to resort increasingly to direct action, including disruptive street protests.

The ongoing liberalisation of China's capital account will also support Hong Kong's development as an offshore centre for renminbi financial services, allowing the territory to maintain its lead over rival financial hubs on the mainland, such as Shanghai.

Country Forecast Hong Kong Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Hong Kong's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
Labour market
Infrastructure

Fact sheet

Outlook for 2014-18: Political stability

Outlook for 2014-18: Election watch

Outlook for 2014-18: International relations

Outlook for 2014-18: Policy trends

Outlook for 2014-18: Fiscal policy

Outlook for 2014-18: Monetary policy

Outlook for 2014-18: Economic growth

Outlook for 2014-18: Inflation

Outlook for 2014-18: Exchange rates

Outlook for 2014-18: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data
Abbreviations

Note: Product cover images may vary from those shown

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