The toughest episode though also, in his view, a triumph came in 1983-84, with the talks that arranged the return of Hong Kong to Chinese sovereignty.

ECONOMIST: Percy Cradock

Jie Gan of Cheung Kong Graduate School of Business, Yan Guo of Peking University and Chenggang Xu of the University of Hong Kong conclude that the return on assets and profitability per employee for companies that have undergone partial share offerings is indistinguishable from those that were not privatised at all.

ECONOMIST: Privatisation in China: Capitalism confined | The

But they will return for the Hong Kong Sevens at the end of March, and the following events in Australia, England and Scotland.

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