Hong Kong and Macau were re-united with China in the late 1990s as two special administrative regions (SARs). Over the … last half century, they were China's good examples of economic development, windows of openness and investors. Due to … historical reasons, China lagged far behind Hong Kong and Macau in terms of per capita incomes. However, rapid economic growth in …

rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … replicated in China. This paper shows that there are some significant differences between China and the West, especially the US … and the UK. Compared with the US and other western industrialized economies, the booming house market in China has been …