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by rswail
2404 days ago
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SG is strategically located in Asia and has taken advantage of that. HK was/is an entreport to China. Before 1949, it was not as important as Shanghai. After 1949, it was where a lot of southern Chinese escaped and became a manufacturing/cheap labor hub, while also taking advantage of British civil service practices. Post China's economic changes, HK became the bridge between the world and China's economy, plus the place for China's new rich to park their money "safely". Today, it is losing/has lost that advantage, because China's corruption has taken hold of the government, and as a result, the "rule of law". |
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