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Staff Report of the People’s Republic of China—Hong Kong Special Administrative Region: 2010 Article IV Consultation Discussions

Staff Report of the People’s Republic of China—Hong Kong Special Administrative Region: 2010 Article IV Consultation Discussions

Two potent forces continue to influence Hong Kong SAR's prospects: the unprecedented monetary policy easing in the United States and the solid domestic recovery, in part driven by spillovers from the Mainland. While the substantial expansion of the monetary base (which began in 2008) has...