Word: hong
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Dates: during 1980-1989
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...Chinese leadership added a provision to the new constitution that enables it to set up special administrative zones with their own rules and regulations. In doing so, it seemed to be laying the legal groundwork to allow Taiwan and Hong Kong to keep their economic systems intact if and when they rejoin the mainland...
...night and, using automatic weapons, snares and poisoned arrows, kill dozens of animals at a time. The elephants' tusks are cut off and the huge corpses left to rot. During 1976 alone, writes Künkel, the ivory from 23,360 Kenyan elephants was sold to dealers in Hong Kong. The photographer, however, is as relentless as the poachers, discovering the beasts in surprisingly graceful and poignant stances. Künkel's work also manages to reveal why elephants have such a hold on our imaginations. It is not only their size but the strange feeling that...
However depressed the colony may be for the moment, Hong Kong's riches are a prize that others covet. Like heirs surrounding a millionaire's deathbed, several countries have launched efforts to gather the spoils that might flow from Hong Kong's demise. In different ways, Taiwan, Thailand, the Philippines and Singapore are all hoping to scoop up some of the estimated $20 billion in capital that could flee Hong Kong before 1997 if the question is not settled...
...Economic Affairs and a former businessman, "and we will try to get some of the capital outflow. Even 10% or 20% would be of great help." To that end, the Taiwan government plans to create a free-trade zone and banking center on the island. In an unregulated, Hong Kong-like environment free of import taxes, businessmen would be able to enter without visas, taxes would be low, and red tape minimal. In the eyes of Taiwan's rivals, the plan has one crucial draw back: Taipei's hostile relationship with Peking could deter Hong Kong Chinese investors...
Thailand too has entered the Hong Kong sweepstakes. A new top-level government task force is studying how residence restrictions and business taxes could be eased to attract Hong Kong investors. In the Philippines, three business groups have proposed new free-trade ports. Banker-Developer Enrique Zobel even suggests transforming the small, barren island of Mactan, off Cebu city, into a "mini-Hong Kong" and operating it like an autonomous business and trading center...