HK Strategic Audit - English - Dec 29

Review of HK’s Socio-Economic Progress:A Quantitative AssessmentDecember, 2006List of acronymsAIs Authorized institutions LHS Left-hand sideCloser Economic Partnership Arrangement CEPAMY Malaysiabetween Mainland and HK NIE Newly industrialized economyCN ChinaNRT Net register tonnageCSSA Comprehensive Social Security AssistanceNY New YorkFDI Foreign direct investmentPC Personal computerFX Foreign exchangePH The PhilippinesGDP Gross domestic productPPP Purchasing Power ParityGEM Growth Enterprise MarketR&D Research & developmentGNP Gross national productRHS Right-hand sideGuangdong International Trust and Investment GITICSARS Severe Acute Respiratory SyndromeCorporationHK Hong Kong SG SingaporeHKC&SD HK Census and Statistics Department TEU Twenty-foot Equivalent UnitsHKCSS HK Council of Social Service TH ThailandTW TaiwanHKSARG Government of the HK Special Administrative RegionUGC University Grant CouncilID IndonesiaUK United KingdomIMF International Monetary FundUS United StatesIPO Initial public offeringWHO World Health OrganisationJP JapanYoY Year-on-yearKO South KoreaSlide 2TeamOne Economist Limited Bauhinia Foundation Research Centre¾¾¾¾¾¾¾¾Table of contentExecutive summary ………………………….……………………………………..…………………..… 4Introduction …………………………………….……………………….……………………………..….. 9Growth and economy ………………………….………………………….………………………..….... 10• Trade, banking and finance, property, ...