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This paper discusses the role of Hong Kong in China's grand scheme to build up the RMB as a global reserve currency. We highlight the economic importance of Hong Kong to China in terms of channeling foreign direct investment into China, some of which, in the future, will be denominated in the...
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Thsi article uses a computational general equilibrium model to evaluate the effects of the FTA of 2004 on the Hong Kong and Chinese economies. The results indicate that Hong Kong improves its exports to China and gains in welfare at China's expense. (Chin Econ/NIAS-Han)
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