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Changing the Dollar Peg; Chim Pui-chung for Chief Executive; Making Hong Kong People more Patriotic; the Cheung Chau Bun Festival (20 May 2005)


This week the Hong Kong Monetary Authority announced that it was making adjustments to the Hong Kong dollar/US dollar peg mechanism, including placing an upper limit on the exchange rate in response to speculation on China revaluing the renminbi. Tony Latter, a former Deputy Chief Executive of the Monetary Authority, explains to us just how the move will help, and what its effects could be. Legislator Chim Pui-chung has announced he wants to run for Chief Executive, but is he even going to get enough nominations to be a serious candidate? This week in the Legislative Council, DAB leader Ma Lik introduced a motion to ask more schools and government buildings to fly the national flag more often. It's the latest move in a series of attempts to get Hong Kong people to feel a greater sense of patriotism,. Critics have viewed many of these attempts as clumsy brainwashing. We report on this, and then Leung Yan-wing, Co-ordinator of the Alliance for Civic Education talks to us in the studio. And we end with the Cheung Chau Bun Festival, where this year, the traditional bun tower climb returns after a 20 year hiatus.

The Pulse
Publish Date: 
Friday, May 20, 2005
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