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Super-capitalism’s cashflow crisis

Headline: Super-capitalism’s cashflow crisisSource: EuromoneyDate: September 2001Author: Kevin Rafferty Hong Kong is facing a crisis – how to fund an increasing budget deficit at a time of almost unprecedented economic downturn.         Shenzhen: might lure more shoppers if Hong Kong levies a sales tax Unemployment, already high, is predicted to reach new […]

January 1, 2000

Headline: Super-capitalism’s cashflow crisis
Source: Euromoney
Date: September 2001
Author: Kevin Rafferty

Hong Kong is facing a crisis – how to fund an increasing budget deficit at a time of almost unprecedented economic downturn.

       
Shenzhen: might lure more shoppers if Hong Kong levies a sales tax
Unemployment, already high, is predicted to reach new records, economic growth forecasts are falling by the month, and none of the magic bullets that served in the past, such as windfalls from high land prices or exports of manufactures, is in the portfolio of measures available to solve the problem.






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