Rowan Callick - Comrades and Capitalists: Hong Kong Since the Handover
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Comrades and Capitalists: Hong Kong Since the Handover
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Rowan Callick was born and educated in England, where he graduated from Exeter University and then worked on an afternoon newspaper before moving to Papua New Guinea. There he became editor in chief and general manager of a locally owned newspaper and magazine group, whose publications include Wantok, the world's only Pidgin language paper. In 1986 Rowan moved to Australia, where he worked on the Australian Financial Review in Brisbane, Sydney and Melbourne, and had a two year stint as a senior writer with Time magazine. Since August 1996, he has been based in Hong Kong as the Australian Financial Review's East Asia Correspondent, covering principally China and Hong Kong. He won the Graham Perkin Award for Australian Journalist of the Year in 1995, and a Walkley Award for Excellence in Coverage of Asia in 1997. He is married with a daughter.
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Comrades & Capitalists
Hong Kong Since the Handover
Rowan Callick
Page 4
A UNSW Press book
Published by University of New South Wales Press Ltd University of New South Wales Sydney 2052 Australia
R. Callick First published in 1998
This book is copyright. Apart from any fair dealing for the purpose of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission. Inquiries should be addressed to the publisher.
National Library of Australia Cataloguing-in-Publication entry:
Callick, Rowan. Comrades and capitalists: Hong Kong sinee the handover.
Includes index. ISBN 0 86840 728 3.
1. Hong Kong (China)Politics and government1997. 2. Hong Kong (China)Economic conditions. 3. Hong Kong (China)Social conditions. I. Title.
320.95125
A catalogue record for this book is available from the Library of Congress, Washington, DC, USA.
Designed by Di Quick Printed by Griffin Press, Adelaide
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Contents
Preface
7
1 Introduction
9
2 A Flu-Ridden First Year: Hong Kong's Economy
20
3 Cityscape
51
4 Finding a New Face: Hong Kong's People
64
5 The New Sovereign: A Preoccupied but Proud Parent
88
6 Rights and Wrongs
114
7 The Leaders
132
8 Hong Kong Stands Up to Be Counted
144
9 The Future: Clouded Vision
152
Sources
162
Index
163
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Preface
I first came to Hong Kong in 1978, on the last leg of a $ 20-a-day world tour. I was enthralled. Over the next decade, I stayed every year with friends on my way back from Papua New Guinea to England for leave. When the Australian Financial Review's then editor-in-chief discussed an overseas posting, he asked me which would most interest me. There could be no doubt, especially as the handover to China loomed.
Covering China, which I visit often, has helped immensely in my effort to get to grips with its newest and most exciting city. The handover generated a whole publishing industry. Some of the results still stand up well, others were helpful products in their day but have now time-expired, and yet more, especially those predicting Marxist mayhem, were proven simply wrong. This book tells the early story of Chinese Hong Kong, of its transition since the handover and its economic and environmental challenges.
In the heat of the moment, journalists inevitably make mistakes and wrong calls. I'm not immune to that. But on 30 June 1997 my front-page story on Hong Kong in the Australian Financial Review began: 'The new Government of Hong Kong will be confronted, early in its term, with its first big challenge: a significant fall in HK's rampant, interlocked share and property markets.' The People's Liberation Army turned into pussy cats, while the market bears caused untold damage.
Hong Kong is a great city in a country now stutteringly reaching again for its former greatness. Its story has always been
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colourful and extraordinary, and this early period of adapting to Chinese sovereignty is especially important. This book tells what I have seen and experienced, living in Hong Kong through this historic time.
I have been greatly helped in trying to understand the city's complexities by my friends Elfed Roberts, Richard Tsiang, Clive Chan and Anthony Go, and especially by my chief Hong Kong guide, Phillip Bruce. The Australian Financial Review's editorin-chief during the writing of this book, Greg Hywood, editor Deborah Light and foreign editor Derry Hogue have been strongly supportive. My publisher, Peter Browne, has been positive, patient, and correct in his judgments, as has editor Richard McGregor. And my wonderful wife Jan McCallum went the extra mile to support me through the awkward period when it must have seemed that I was married to my computer.
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