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Hong Kong's economy: End of an experiment


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The Economist - Hong Kong's economy: End of an experiment

Un passage en revue de la métamorphose de Hong Kong vers toujours plus d'interventionnisme.

AFTER more than a year of furious but rarely public debate, this week Hong Kong was about to adopt a minimum-wage law. The legislature’s decision was due after The Economist went to press, but all sides expected a bill to be passed. The pay floor will be low, probably between HK$23 ($3) and HK$33 an hour; the higher figure is trade unionists’ target (see picture). More important than the level is what the law signifies about the territory’s economy. Once famous—or notorious—for its swashbuckling, free-market ways, Hong Kong is becoming a more regulated place. Will it become less prosperous too?

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