chapter  7
22 Pages

Hong Kong: post-colonialism and political conflict

Throughout the 1970s and the 1980s, the dynamic economy of Hong Kong produced tens of thousands of rich people, ranging from billionaires to the members of the 'sandwich class'.l While economic recession and unemployment have become the public enemies in most Western industrialised countries during the early 1990s, Hong Kong's economy remains robust despite the gloomy economic outlook immediately after China's Tiananmen incident in June 1989. A new generation of rich Hong Kong people is emerging in the British colony which will be a Special Administrative Region (SAR) of the People's Republic of China (PRC) in 1997. This article examines the emergence of Hong Kong's new rich and explores its political, economic, social and international repercussions.