The financial revenues of the Hong Kong Special Administrative Region shall be used exclusively for its own purposes and the Chinese Government shall not levy taxes in Hong Kong. Moreover, China will not draw on or resort to Hong Kong’s Exchange Fund or other assets in any way and for any reason.
Several years ago I suggested that worker insecurity might be an important reason for unusually damped inflation. From the early 1990s through 1996, survey results indicated that workers were becoming much more concerned about being laid off.