Resiliency and Risk

By John West

John West is executive director of the Asian Century Institute, which conducts research and analysis and participates in policy dialogues to foster a better understanding of the opportunities and challenges of the Asian Century."

Just one year ago, in the midst of the “Umbrella Protest Movement,” it seemed that Hong Kong’s position as the most business-friendly place in Asia might be threatened.  But, for the moment at least, the “Pearl of the Orient” seems still on track.

Since China began its opening to the world economy in 1978, Hong Kong has been the most important gateway to the world’s second largest economy.  This role was enhanced by the “one country, two systems” policy, which has governed Hong Kong since its sovereignty reverted to China in 1997.

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