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Global Economy - Coggle Diagram

- - - - Low tax rates a simple tax system and the absence of foreign exchange control attract investors to carry out financial activities and investment.
        
        corruption rate is rare in HK
        
        Enterprise can operate in a fair envionment.
        
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  - - - promoted the development of Hong Kong financial industry.
  - - - investors can get financial information easily to make investment decisions.
  - - - It can bridge the operation between New York and London
        
        Investors can carry out transactions through HK's financial market continuously.
  - - - plenty of financial industry with plenty of professionals
        
        helps the development of HK financail industry.
- - - - provide land for building hospitals to train medical practitioners
        
        set the standards for commonly used chinese herbal medicines
    - - implement policies to enhance professional standards to increase training oppurtunities.
        
        study how to promote industry in HK, the mainland and overseas
    - - hk should examine the vision and role of higher education, the development trends, quality assurance and the research support strategy.
        
        reposition its higher education and formulate a long term development.
    - - extend the scope of the Cleaner Production Partnership Programme with Guangdong in treating and reducing sewage discharge.
        
        Improve the envionmental region and increse the competitiveness
    - - allocate fund to encourage local enterprises
        
        applied R and D projects
    - - Create HK will continue to implement measures to support the development of the industry.
  - - - promote flow of people
    - - shopping, attract tourists, develop ecotourism and cultural tourism.
    - - provide mainland with professional services
  - - - Emerging economies, trade between the mainland and east or southeast asian countries and demand for services increase.
        
        strengthen the systems and infrastructure in these areas, amd nurture more related talents.
    - - Encourages internationalisation of Renminbi and state-owned enterprises
        
        promote Renminbi business in HK. Helping mainland enterprises find business opportunities using international connections
    - - High potential of Pearl River Delta.
        
        Strengthen the cooperation with that region and expand hk enterprises' operation and market.
        
        use production resources efficiently to lower production costs and enchance its competitiveness.
- - - - Effect
        
        Positive
        
        support other industry
        
        provide financial services: loan, currency exchange, remittance, insurance
        
        Support and promote the development of HK
        
        provide employment oppurtunities
        
        Ratio of people working in the financial industry has shown an upward trend.
        
        promote enconomic growth
        
        Dvelopment of financial industry contributes greatly.
        
        Financial industry beomes more important than b4
        
        negative
        
        economic restructuring
        
        manufacturing workers become unemployed or can only switch to low-end service industry.
        
        bc lack related skills.
        
        Lower wages and living standard
        
        The demand for highly educated and skilled labour increases and the wages of these workers become much higher than those workers and less educated workers.
        
        The income gap has become widened.
        
        financial industry is hit by external factors.
        
        labour market will be negatively affected.
- - - - Hk should strengthen its position inspite of facing challenges and competition