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...Shepherdson, chief economist at High Frequency Economics, offered an equally qualified cheer. "This is a very pleasant surprise," he reported to clients on Friday. "Before we get too excited," he warned, "note that one good month is not a trend - December and January sales were much weaker...

Author: /time Magazine | Title: A Hopeful Economic Sign: February Retail Sales Jump | 3/12/2010 | See Source »

...question whether the special administrative region is ready for democracy. A common refrain: If "Long Hair," a Trotskyite pro-democracy legislator known for his long hair and Che T-shirts, can become the second most popular politician in the city, the people aren't ready to pick their own Chief Executive. For some, the skepticism runs deeper. As Tam Yiu-Chung, the pro-Beijing chairman of Hong Kong's largest party, asked reporters in January, "Do you think the people of Hong Kong can decide political change for themselves...

Author: /time Magazine | Title: Is Hong Kong Getting Any Closer to Real Democracy? | 3/11/2010 | See Source »

...China under the principle of "one country, two systems," and it looks a lot more like a democracy than the mainland. It has a free press, independent bewigged judges (a legacy of the British) and regularly scheduled elections - although there are no direct elections for the SAR's Chief Executive or for half of the legislature, which has seats reserved for "functional constituencies" representing various professions. Hong Kong is no Potemkin village, but it isn't a city on a hill either. (See more about Hong Kong 10 years after the handover...

Author: /time Magazine | Title: Is Hong Kong Getting Any Closer to Real Democracy? | 3/11/2010 | See Source »

...electoral reforms it pledged would "roll forward democracy." The proposal called for 10 new seats in the 60-seat legislature, divided equally between the elected and the selected seats, and for an extra 400 people to be added to the 800-member committee that nominates and elects the Chief Executive. In other words, the proposal offered bubkes. As one pro-democracy politician put it, "They've given us nothing. Just put us in a dead...

Author: /time Magazine | Title: Is Hong Kong Getting Any Closer to Real Democracy? | 3/11/2010 | See Source »

...Most of the pan-democrats are working toward a compromise. Chief Executive Donald Tsang hinted last week that he, too, is looking for a "middle ground," and a member of the cabinet said the final proposal, which will be voted on this summer (and requires two-thirds support to pass), must have "something for everyone." The pan-democrats are willing to trade votes for assurances that the Chief Executive will be elected by universal suffrage (and that the nomination committee will be greatly expanded, if not abolished) by 2017 and that legislature will abolish functional constituencies by 2020. Proving...

Author: /time Magazine | Title: Is Hong Kong Getting Any Closer to Real Democracy? | 3/11/2010 | See Source »

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