Trade patterns in China and Hong Kong Research Paper

Trade patterns in China and Hong Kong - Research Paper Example (National Council on Economic Education) But some countries like Hong Kong plays an intermediation role for the trade of land lock countries such as China. Hong Kong acts as an entrepot for China. Hong Kong supplies semi-manufacturing goods as well as raw materials to Mainland China by importing from rest of the world. In exchange, it re-exports the manufactured goods from China to rest of the countries of the world. (Schoen, 2010) The two basic theories of trade flows are the absolute advantage and comparative advantage. Absolute advantage believes that a country should only produce those things which it can by using least possible resources. The absolute advantage China has in comparison to Hong Kong is China’s low-paid workers who are very beneficial in production of labor-intensive goods. Hong Kong comparatively have high cost of living due to which people of Hong Kong are hardworking. However, sometimes the effects of comparative advantage theory outweigh Absolute advanta ge as countries focus on goods with least opportunity goods as mentioned above. In this situation, a country with a comparative advantage can export same goods to a country in which the later country have an absolute advantage. Hong Kong does have a major comparative advantage over Mainland China in Publishing Industry, Demonstration Industry, Cultural Experience tourism industry and Child rearing industry. (Liu) China, being the leader of low-priced manufactured goods obviously does have a comparative advantage over Hong Kong because of its cheap labor. These labor-intensive processed goods allow China to produce almost anything from house hold products to daily usage goods, and clothing, electronic items etc. Almost all day to day products are manufactured by China today. (Oblad, 2009) Both the governments of Hong Kong and China should encourage the development of those industries in which they have a comparative advantage so that their exports should flourish and trade among them would increase. China should rely on its clothing industry, low cost electronic items and daily products from battery cells to laptops to sell them at a cheap rate to Hong Kong and attract people from there as Hong Kong relatively has a high cost of living as compared to Mainland China. (China Global Trade). The Government of Hong should play a proactive role in development of Demonstration Industry as Hong Kong does have an advantage over China in this sector. People from China can visit Hong Kong for Demonstrations for human rights, etc. and in exchange Hong Kong can take rent from Chinese people for these demonstrations. There are a lot of books which are not allowed to be published in Mainland China and thus Hong Kong can produce these books with its growing Publishing Industry. Also, the people of China can have as many children they want in Hong Kong as there is no restriction as such one-child-policy of China in Hong Kong. The Government of Hong Kong will take care of raisin g the child but Chinese do have to pay fees obviously. Â  The cultural experience tourism industry also offers to Chinese the books, newspapers, movies, and websites that are banned in China. Thus both the countries could benefit by focusing on their comparative advantages (Xanga. 2012). The Government

How important has Hollywood been in influencing Chinese filmmaking Essay

How important has Hollywood been in influencing Chinese filmmaking since the 1980s - Essay Example The resultant increase in local entertainment fare has created countrywide romanticism among the cultural detractors as well as some industrial practitioners as they prefer a cinema that is characterized by more cultural importance. Filmmaking in China is therefore trapped between economic ambitions in order to capture the local market that is occupied by imports especially from Hollywood and cultural ambitions to create films that have Chinese physiognomies. The present tension between nationalism and commercialization is similar to the events of the development of the Chinese cinema between 1922 and 1931 when competition from Hollywood shadowed the local screens. The irregular interaction between nationalism and commercialism is especially prominent during the periods when Hollywood dominates (Rojas and Chow, 2013, p. 554). In some instances hostile, while facing threats from Hollywood, nationalism supports the protection of China’s cultural identity through safeguarding its domestic cultural market. Conversely, commercialization provides a strategic solution for regaining market share through the production of popular entertainment cinemas. When considered from this point of view, nationalism assists in justifying the growth of commercialization, but the latter ultimately motivates the rebirth of nationalism. This is the case of the first and most current entertainment cinema waves from China that is characterized by vigorous interplay between nationalization and commercialization that is evident in its industrial practices and Chinese genres. The film industry in China has gone through a functional transition and a number of institutional reformations. Film was redefined in 1984 to become a cultural instead of an institution that carries propaganda meant to reinforce party ideologies. The ramifications of this functional reformation have been both positive and negative since the studios enjoys more